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 + 27.92% (+ 9.31% yearly) from 2004 to 2006.

During the same time period, VA had + 45.35% (+ 15.12% yearly). From 2004 to 2006, 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
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%
2006 1 179.58 - 2.99% - 11.97%
2006 2 191.04 + 6.38% + 25.53%
2006 3 196.94 + 3.09% + 12.35%
2006 4 198.3 + 0.69% + 2.76%


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 $110,000.00 in 2004, you could multiply by + 27.92%, add the gain and see the home should be worth $140,710.88 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Blacksburg-Christiansburg-Radford-VA from 2004 to 2006:
+ 9.31%

Appreciation Comparisons

The top 5 performing MSAs from 2004 to 2006 were Naples-Marco-Island-FL, Bakersfield-CA, Bend-OR, Phoenix-Mesa-Scottdale-AZ, and Visalia-Porterville-CA .

  1. Naples-Marco-Island-FL increased + 77.60% from 2004 to the end of 2006
  2. Bakersfield-CA increased + 77.49% from 2004 to the end of 2006
  3. Bend-OR increased + 75.09% from 2004 to the end of 2006
  4. Phoenix-Mesa-Scottdale-AZ increased + 75.00% from 2004 to the end of 2006
  5. Visalia-Porterville-CA increased + 73.18% from 2004 to the end of 2006

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 .

  1. Bakersfield-CA increased + 93.72% from 2003 thru 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
  4. Madera-CA increased + 85.39% from 2003 thru 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005

Zip Code in MSA: 24060 - BLACKSBURG, VA

MSA Pop: 152606
Zip Pop: 48532
Avg Value: 132400
County: MONTGOMERY
Elev: 2007
Region: South
Lat: 37.231182
Long: -80.415945