Appreciation for MSAs:.

Before we disect the appreciation within the MSA for this period, lets consider how Blacksburg Christiansburg Radford, Virginia did compared to the state as a whole.

The Blacksburg Christiansburg Radford, Virginia MSA property value change was + 17.34% (+ 8.67% yearly).

All of the property in VA averaged + 22.02% change in value (+ 11.01% yearly).

Blacksburg-Christiansburg-Radford-VA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


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 $111,000.00 in 2005, you could multiply by + 17.34%, add the gain and see the home should be worth $130,252.09 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Blacksburg-Christiansburg-Radford-VA from 2005 to 2006:
+ 8.67%

Appreciation Comparisons

The worst 5 MSAs from 2005 to 2006 were Saginaw-Saginaw-Township-North-MI, Flint-MI, Kokomo-IN, Muncie-IN, and Ann-Arbor-MI .

  1. Saginaw-Saginaw-Township-North-MI decreased by - 3.27% between 2005 and 2006
  2. Flint-MI decreased by - 1.05% between 2005 and 2006
  3. Kokomo-IN decreased by - 1.00% between 2005 and 2006
  4. Muncie-IN only increased + 0.20% between 2005 and 2006
  5. Ann-Arbor-MI only increased + 0.22% between 2005 and 2006

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

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. 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