Real Estate Appreciation for Blacksburg Christiansburg Radford, Virginia: + 11.02%
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 + 11.02% (+ 3.67% yearly).
All of the property in VA averaged + 7.53% change in value (+ 2.51% 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% |
| 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% |
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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 $92,000.00 in 1995, you could multiply by + 11.02%, add the gain and see the home should be worth $102,138.40 in 1997. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Blacksburg-Christiansburg-Radford-VA from 1995 to 1997:
+ 3.67%
Appreciation Comparisons
The top 5 performing MSAs from 1995 to 1997 were Bay-City-MI, Ogden-Clearfield-UT, Salt-Lake-City-UT, Battle-Creek-MI, and Portland-Vancouver-Beaverton-OR-WA .
- Bay-City-MI increased + 25.65% from 1995 to the end of 1997
- Ogden-Clearfield-UT increased + 25.40% from 1995 to the end of 1997
- Salt-Lake-City-UT increased + 24.43% from 1995 to the end of 1997
- Battle-Creek-MI increased + 24.38% from 1995 to the end of 1997
- Portland-Vancouver-Beaverton-OR-WA increased + 23.69% from 1995 to the end of 1997
In contrast, the worst 5 MSAs from 1995 to 1997 were Honolulu-HI, Utica-Rome-NY, Odessa-TX, Laredo-TX, and Madera-CA .
- Honolulu-HI decreased by - 12.82% between 1995 and 1997
- Utica-Rome-NY decreased by - 6.03% between 1995 and 1997
- Odessa-TX decreased by - 0.73% between 1995 and 1997
- Laredo-TX decreased by - 0.27% between 1995 and 1997
- Madera-CA decreased by - 0.18% between 1995 and 1997
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