Real Estate Appreciation for Blacksburg Christiansburg Radford, Virginia: + 14.92%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Blacksburg Christiansburg Radford, Virginia: + 14.92%
- State of VA: + 5.94%
- Difference: +151.05%
Blacksburg-Christiansburg-Radford-VA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1998 | 1 | 112.88 | + 1.68% | + 6.70% |
| 1998 | 2 | 114.35 | + 1.30% | + 5.21% |
| 1998 | 3 | 115.27 | + 0.80% | + 3.22% |
| 1998 | 4 | 116.07 | + 0.69% | + 2.78% |
If you need information on Hard Money Rehab Loans in Blacksburg, VIrginia look at 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 $94,000.00 in 1996, you could multiply by + 14.92%, add the gain and see the home should be worth $108,025.54 in 1998. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Blacksburg-Christiansburg-Radford-VA from 1996 to 1998:
+ 4.97%
Appreciation Comparisons
The top 5 performing MSAs from 1996 to 1998 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Jackson-MI, Bay-City-MI, and Monroe-MI .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 34.16% from 1996 to the end of 1998
- Santa-Cruz-Watsonville-CA increased + 22.04% from 1996 to the end of 1998
- Jackson-MI increased + 21.73% from 1996 to the end of 1998
- Bay-City-MI increased + 20.64% from 1996 to the end of 1998
- Monroe-MI increased + 20.48% from 1996 to the end of 1998
In contrast, the worst 5 MSAs from 1996 to 1998 were Honolulu-HI, Buffalo-Niagara-Falls-NY, Albany-Schenectady-Troy-NY, Utica-Rome-NY, and El-Paso-TX .
- Honolulu-HI decreased by - 11.67% between 1996 and 1998
- Buffalo-Niagara-Falls-NY decreased by - 0.04% between 1996 and 1998
- Albany-Schenectady-Troy-NY only increased + 0.13% between 1996 and 1998
- Utica-Rome-NY only increased + 0.29% between 1996 and 1998
- El-Paso-TX only increased + 0.32% between 1996 and 1998
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