Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Blacksburg Christiansburg Radford, Virginia MSA appreciation it was + 8.06% (+ 4.03% yearly) from 2000 to 2001.

During the same time period, VA had + 14.65% (+ 7.32% yearly). From 2000 to 2001, VIrginia outperformed the individual Blacksburg Christiansburg Radford, Virginia MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Blacksburg-Christiansburg-Radford-VA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


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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 $101,000.00 in 2000, you could multiply by + 8.06%, add the gain and see the home should be worth $109,144.90 in 2001. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Blacksburg-Christiansburg-Radford-VA from 2000 to 2001:
+ 4.03%

Appreciation Comparisons

The top 5 performing MSAs from 2000 to 2001 were Stockton-CA, Salinas-CA, Modesto-CA, Vallejo-Fairfield-CA, and Merced-CA .

  1. Stockton-CA increased + 32.40% from 2000 to the end of 2001
  2. Salinas-CA increased + 31.19% from 2000 to the end of 2001
  3. Modesto-CA increased + 30.86% from 2000 to the end of 2001
  4. Vallejo-Fairfield-CA increased + 30.50% from 2000 to the end of 2001
  5. Merced-CA increased + 28.81% from 2000 to the end of 2001

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 .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005

Zip Code in MSA: 24058 - BELSPRING, VA

MSA Pop: 152606
Zip Pop: 176
Avg Value: 52500
County: PULASKI
Elev: 1917
Region: South
Lat: 37.132974
Long: -80.660619