Real Estate Appreciation for Blacksburg Christiansburg Radford, Virginia: + 19.53%
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 + 19.53% (+ 4.88% yearly) from 1994 to 1997.
During the same time period, VA had + 6.50% (+ 1.63% 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% |
| 1997 | 1 | 105.92 | + 0.36% | + 1.44% |
| 1997 | 2 | 108.42 | + 2.36% | + 9.44% |
| 1997 | 3 | 109.51 | + 1.01% | + 4.02% |
| 1997 | 4 | 111.02 | + 1.38% | + 5.52% |
There are a lot of ways to use the appreciation data for Blacksburg Christiansburg Radford, Virginia .
Lets look at Blacksburg, 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 Blacksburg, 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 $91,000.00 in 1994, you could multiply by + 19.53%, add the gain and see the home should be worth $108,772.83 in 1997. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Blacksburg-Christiansburg-Radford-VA from 1994 to 1997:
+ 4.88%
Appreciation Comparisons
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
The top 5 performing MSAs from 1994 to 1997 were Ogden-Clearfield-UT, Salt-Lake-City-UT, Provo-Orem-UT, Logan-UT-ID, and Portland-Vancouver-Beaverton-OR-WA .
- Ogden-Clearfield-UT increased + 41.78% from 1994 to the end of 1997
- Salt-Lake-City-UT increased + 41.49% from 1994 to the end of 1997
- Provo-Orem-UT increased + 38.70% from 1994 to the end of 1997
- Logan-UT-ID increased + 35.30% from 1994 to the end of 1997
- Portland-Vancouver-Beaverton-OR-WA increased + 34.77% from 1994 to the end of 1997
Zip Code in MSA: 24061 - BLACKSBURG, VA
MSA Pop: 152606Zip Pop: 0
Avg Value: 0
County: MONTGOMERY
Elev: 2007
Region: South
Lat: 37.255726
Long: -80.431498