Real Estate Appreciation for Blacksburg Christiansburg Radford, Virginia: + 24.59%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Blacksburg Christiansburg Radford, Virginia MSA appreciated + 24.59% (+ 6.15% yearly) for the period between 1999 and the end of 2002.
The state had + 31.91% total appreciation (+ 7.98% yearly).
The state average for VIrginia was higher than the real estate appreciation in the Blacksburg Christiansburg Radford, Virginia MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 29.75% faster than this MSA.
Blacksburg-Christiansburg-Radford-VA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2001 | 1 | 132.26 | + 2.04% | + 8.15% |
| 2001 | 2 | 134.75 | + 1.88% | + 7.53% |
| 2001 | 3 | 135.13 | + 0.28% | + 1.13% |
| 2001 | 4 | 136.55 | + 1.05% | + 4.20% |
| 2002 | 1 | 139.23 | + 1.96% | + 7.85% |
| 2002 | 2 | 140.52 | + 0.93% | + 3.71% |
| 2002 | 3 | 143.43 | + 2.07% | + 8.28% |
| 2002 | 4 | 144.38 | + 0.66% | + 2.65% |
There are a lot of ways to use the appreciation data for Blacksburg Christiansburg Radford, Virginia .
Lets look at Blacksburg, VIrginia, a city located in Blacksburg Christiansburg Radford, Virginia MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Blacksburg, 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 $101,000.00 in 1999, you could multiply by + 24.59%, add the gain and see the home should be worth $125,840.35 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Blacksburg-Christiansburg-Radford-VA from 1999 to 2002:
+ 6.15%
Appreciation Comparisons
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
Zip Code in MSA: 24061 - BLACKSBURG, VA
MSA Pop: 152606Zip Pop: 0
Avg Value: 0
County: MONTGOMERY
Elev: 2007
Region: South
Lat: 37.255726
Long: -80.431498