Appreciation for MSAs:.

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

The Charleston, West Virginia MSA property value change was + 8.80% (+ 4.40% yearly).

All of the property in WV averaged + 8.03% change in value (+ 4.02% yearly).

Charleston-WV

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1997 2 111.38 + 1.74% + 6.94%
1997 3 112 + 0.56% + 2.23%
1997 4 111.85 - 0.13% - 0.54%
1998 1 114.75 + 2.59% + 10.37%
1998 2 115.8 + 0.92% + 3.66%
1998 3 117.78 + 1.71% + 6.84%
1998 4 119.11 + 1.13% + 4.52%


Lets look at Alum Creek, West Virginia, a city located in Charleston, West 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 Alum Creek, West Virginia Refinance, or Alum Creek, West Virginia Reverse Mortgages, you could estimate your home value.

If you knew your Alum Creek, West Virginia home was worth $95,000.00 in 1997, you could multiply by + 8.80%, add the gain and see the home should be worth $103,356.32 in 1998. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charleston-WV from 1997 to 1998:
+ 4.40%

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: 25003 - ALUM CREEK, WV

MSA Pop: 306836
Zip Pop: 2922
Avg Value: 77800
County: KANAWHA
Elev: 603
Region: South
Lat: 38.260111
Long: -81.792223