Real Estate Appreciation for Blacksburg Christiansburg Radford, Virginia: + 8.05%
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: + 8.05%
- State of VA: + 7.06%
- Difference: + 14.06%
Blacksburg-Christiansburg-Radford-VA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
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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 $97,000.00 in 1998, you could multiply by + 8.05%, add the gain and see the home should be worth $104,811.22 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Blacksburg-Christiansburg-Radford-VA from 1998 to 1999:
+ 4.03%
Appreciation Comparisons
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
The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .
- Honolulu-HI lost - 49.13% from 1980 to 1981
- Casper-WY lost - 27.70% from 1986 thru 1987
- Grand-Junction-CO lost - 26.25% from 1984 thru 1985
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
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