Appreciation for MSAs:.

The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Blacksburg Christiansburg Radford, Virginia MSA appreciation it was + 7.82% (+ 3.91% yearly) from 1994 to 1995.

During the same time period, VA had + 2.31% (+ 1.15% yearly). You can see that the Blacksburg Christiansburg Radford, Virginia MSA experienced higher appreciation in this case.

Blacksburg-Christiansburg-Radford-VA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1994 2 95.74 + 3.08% + 12.32%
1994 3 95.21 - 0.55% - 2.21%
1994 4 97.52 + 2.43% + 9.70%
1995 1 100 + 2.54% + 10.17%
1995 2 98.66 - 1.34% - 5.36%
1995 3 100.65 + 2.02% + 8.07%
1995 4 100.14 - 0.51% - 2.03%


There are a lot of ways to use the appreciation data for Blacksburg Christiansburg Radford, Virginia .

Lets look at Belspring, VIrginia, a city located in Blacksburg Christiansburg Radford, Virginia MSA.

Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Belspring, VIrginia check out Spec-Loan.com

If you were going to do a Belspring, VIrginia Refinance, or Belspring, VIrginia Reverse Mortgages, you could estimate your home value.

If you knew your Belspring, VIrginia home was worth $89,000.00 in 1994, you could multiply by + 7.82%, add the gain and see the home should be worth $95,956.72 in 1995. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Blacksburg-Christiansburg-Radford-VA from 1994 to 1995:
+ 3.91%

Appreciation Comparisons

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

The top 5 performing MSAs from 1994 to 1995 were Salt-Lake-City-UT, Provo-Orem-UT, Logan-UT-ID, Ogden-Clearfield-UT, and Flagstaff-AZ-UT .

  1. Salt-Lake-City-UT increased + 24.08% from 1994 to the end of 1995
  2. Provo-Orem-UT increased + 23.82% from 1994 to the end of 1995
  3. Logan-UT-ID increased + 23.20% from 1994 to the end of 1995
  4. Ogden-Clearfield-UT increased + 23.19% from 1994 to the end of 1995
  5. Flagstaff-AZ-UT increased + 22.07% from 1994 to the end of 1995

Zip Code in MSA: 24058 - BELSPRING, VA

MSA Pop: 152606
Zip Pop: 176
Avg Value: 52500
County: PULASKI
Elev: 1917
Region: South
Lat: 37.132974
Long: -80.660619