Real Estate Appreciation for Blacksburg Christiansburg Radford, Virginia: + 5.54%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Blacksburg Christiansburg Radford, Virginia did compared to the state as a whole.
The Blacksburg Christiansburg Radford, Virginia MSA property value change was + 5.54% (+ 2.77% yearly).
All of the property in VA averaged + 4.44% change in value (+ 2.22% yearly).
Blacksburg-Christiansburg-Radford-VA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
Lets look at Belspring, VIrginia, a city located in Blacksburg Christiansburg Radford, Virginia MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans 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 $91,000.00 in 1995, you could multiply by + 5.54%, add the gain and see the home should be worth $96,041.40 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Blacksburg-Christiansburg-Radford-VA from 1995 to 1996:
+ 2.77%
Appreciation Comparisons
The top 5 performing MSAs from 1995 to 1996 were Salt-Lake-City-UT, Ogden-Clearfield-UT, Pittsfield-MA, Danville-IL, and Bay-City-MI .
- Salt-Lake-City-UT increased + 17.55% from 1995 to the end of 1996
- Ogden-Clearfield-UT increased + 17.36% from 1995 to the end of 1996
- Pittsfield-MA increased + 17.05% from 1995 to the end of 1996
- Danville-IL increased + 16.75% from 1995 to the end of 1996
- Bay-City-MI increased + 16.66% from 1995 to the end of 1996
For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
- Bakersfield-CA increased + 63.04% from 2004 thru 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005
Zip Code in MSA: 24058 - BELSPRING, VA
MSA Pop: 152606Zip Pop: 176
Avg Value: 52500
County: PULASKI
Elev: 1917
Region: South
Lat: 37.132974
Long: -80.660619