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 + 15.15% (+ 5.05% yearly).

All of the property in VA averaged + 10.52% change in value (+ 3.51% yearly).

Blacksburg-Christiansburg-Radford-VA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
1999 1 115.88 - 0.16% - 0.65%
1999 2 120.87 + 4.31% + 17.22%
1999 3 123.09 + 1.84% + 7.35%
1999 4 121.97 - 0.91% - 3.64%


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 $96,000.00 in 1997, you could multiply by + 15.15%, add the gain and see the home should be worth $110,546.83 in 1999. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Blacksburg-Christiansburg-Radford-VA from 1997 to 1999:
+ 5.05%

Appreciation Comparisons

For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .

  1. Bakersfield-CA increased + 93.72% from 2003 thru 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
  4. Madera-CA increased + 85.39% from 2003 thru 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. Lafayette-LA lost - 28.50% from 1986 thru 1988

Zip Code in MSA: 24060 - BLACKSBURG, VA

MSA Pop: 152606
Zip Pop: 48532
Avg Value: 132400
County: MONTGOMERY
Elev: 2007
Region: South
Lat: 37.231182
Long: -80.415945