Real Estate Appreciation for Blacksburg Christiansburg Radford, Virginia: + 19.42%
Appreciation for MSAs:.
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 + 19.42% (+ 9.71% yearly) from 2004 to 2005.
During the same time period, VA had + 37.23% (+ 18.61% yearly).
From 2004 to 2005, 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
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2004 | 2 | 158.1 | + 1.99% | + 7.95% |
| 2004 | 3 | 163.36 | + 3.33% | + 13.31% |
| 2004 | 4 | 163.79 | + 0.26% | + 1.05% |
| 2005 | 1 | 168.99 | + 3.17% | + 12.70% |
| 2005 | 2 | 175.72 | + 3.98% | + 15.93% |
| 2005 | 3 | 179.75 | + 2.29% | + 9.17% |
| 2005 | 4 | 185.12 | + 2.99% | + 11.95% |
There are a lot of ways to use the appreciation data for Blacksburg Christiansburg Radford, Virginia .
Lets look at Belspring, 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 Belspring, VIrginia 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 $109,000.00 in 2004, you could multiply by + 19.42%, add the gain and see the home should be worth $130,164.37 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Blacksburg-Christiansburg-Radford-VA from 2004 to 2005:
+ 9.71%
Appreciation Comparisons
The top 5 performing MSAs from 2004 to 2005 were Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 to the end of 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 to the end of 2005
- Bakersfield-CA increased + 63.04% from 2004 to the end of 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 to the end of 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 to the end of 2005
Zip Code in MSA: 24058 - BELSPRING, VA
MSA Pop: 152606Zip Pop: 176
Avg Value: 52500
County: PULASKI
Elev: 1917
Region: South
Lat: 37.132974
Long: -80.660619