Real Estate Appreciation for Blacksburg Christiansburg Radford, Virginia: + 13.63%
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 + 13.63% (+ 4.54% yearly) from 1994 to 1996.
During the same time period, VA had + 3.44% (+ 1.15% yearly).
You can see that the Blacksburg Christiansburg Radford, Virginia MSA experienced higher appreciation in this case.
Blacksburg-Christiansburg-Radford-VA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1996 | 1 | 101 | + 0.86% | + 3.44% |
| 1996 | 2 | 101.24 | + 0.24% | + 0.95% |
| 1996 | 3 | 103.23 | + 1.97% | + 7.86% |
| 1996 | 4 | 105.54 | + 2.24% | + 8.95% |
Some of the ways peope use our appreciation data for Blacksburg Christiansburg Radford, Virginia include real estate investment .
Lets look at Blacksburg, VIrginia, a city located in Blacksburg Christiansburg Radford, Virginia MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in VIrginia check out Spec-Loan.com
If you were going to do a Blacksburg, VIrginia Refinance, or Blacksburg, VIrginia Reverse Mortgages, you could estimate your home value.
If you knew your Blacksburg, VIrginia home was worth $90,000.00 in 1994, you could multiply by + 13.63%, add the gain and see the home should be worth $102,267.44 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Blacksburg-Christiansburg-Radford-VA from 1994 to 1996:
+ 4.54%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
Zip Code in MSA: 24060 - BLACKSBURG, VA
MSA Pop: 152606Zip Pop: 48532
Avg Value: 132400
County: MONTGOMERY
Elev: 2007
Region: South
Lat: 37.231182
Long: -80.415945