Real Estate Appreciation for Blacksburg Christiansburg Radford, Virginia: + 14.83%
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: + 14.83%
- State of VA: + 14.68%
- Difference: + 1.01%
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% |
| 2000 | 1 | 126.36 | + 3.60% | + 14.40% |
| 2000 | 2 | 126.05 | - 0.25% | - 0.98% |
| 2000 | 3 | 128.31 | + 1.79% | + 7.17% |
| 2000 | 4 | 129.62 | + 1.02% | + 4.08% |
Some of the ways peope use our appreciation data for Blacksburg Christiansburg Radford, Virginia include real estate investment .
Lets look at Blacksburg, VIrginia, a city located in Blacksburg Christiansburg Radford, Virginia MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in VIrginia check out 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 $98,000.00 in 1998, you could multiply by + 14.83%, add the gain and see the home should be worth $112,533.31 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Blacksburg-Christiansburg-Radford-VA from 1998 to 2000:
+ 4.94%
Appreciation Comparisons
The top 5 performing MSAs from 1998 to 2000 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Santa-Rosa-Petaluma-CA, Salinas-CA, and Napa-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 60.41% from 1998 to the end of 2000
- Santa-Cruz-Watsonville-CA increased + 58.08% from 1998 to the end of 2000
- Santa-Rosa-Petaluma-CA increased + 53.83% from 1998 to the end of 2000
- Salinas-CA increased + 50.81% from 1998 to the end of 2000
- Napa-CA increased + 45.22% from 1998 to the end of 2000
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