Appreciation for MSAs:.

Let's start by comparing Blacksburg Christiansburg Radford, Virginia to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 9.16% (+ 4.58% yearly) for the Blacksburg Christiansburg Radford, Virginia MSA.

The entire state of VA had + 17.31% appreciation (+ 8.65% yearly). The state average for VIrginia was higher than the real estate appreciation in the Blacksburg Christiansburg Radford, Virginia MSA. This means the conditions in the MSA for real estate investment were worse by + 88.97%.

Blacksburg-Christiansburg-Radford-VA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


Lets look at Belspring, VIrginia, a city located in Blacksburg Christiansburg Radford, Virginia MSA.

Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com

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 $105,000.00 in 2002, you could multiply by + 9.16%, add the gain and see the home should be worth $114,615.38 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Blacksburg-Christiansburg-Radford-VA from 2002 to 2003:
+ 4.58%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Lafayette-LA lost - 25.36% from 1986 thru 1987
  2. Anchorage-AK lost - 24.89% from 1986 thru 1987

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