Real Estate Appreciation for Blacksburg Christiansburg Radford, Virginia: + 14.91%
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 + 14.91% (+ 4.97% yearly) for the period between 2001 and the end of 2003.
The state had + 26.82% total appreciation (+ 8.94% 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 + 79.88% faster than this MSA.
Blacksburg-Christiansburg-Radford-VA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2003 | 1 | 146.67 | + 1.59% | + 6.34% |
| 2003 | 2 | 147.13 | + 0.31% | + 1.25% |
| 2003 | 3 | 149.22 | + 1.42% | + 5.68% |
| 2003 | 4 | 151.98 | + 1.85% | + 7.40% |
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 $104,000.00 in 2001, you could multiply by + 14.91%, add the gain and see the home should be worth $119,506.43 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Blacksburg-Christiansburg-Radford-VA from 2001 to 2003:
+ 4.97%
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 .
- Bakersfield-CA increased + 93.72% from 2003 thru 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
- Madera-CA increased + 85.39% from 2003 thru 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005
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