Real Estate Appreciation for Charleston, West Virginia: + 16.74%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Charleston, West Virginia MSA appreciated + 16.74% (+ 3.35% yearly) for the period between 2001 and the end of 2005.
The state had + 32.97% total appreciation (+ 6.59% yearly).
The state average for West Virginia was higher than the real estate appreciation in the Charleston, West Virginia MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated + 96.96% faster than this MSA.
Charleston-WV
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2002-2005 Quarterly Detailed Appreciation
Some of the ways peope use our appreciation data for Charleston, West Virginia include real estate investment .
Lets look at Belle, West Virginia, a city located in Charleston, West 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 West Virginia check out Spec-Loan.com
If you were going to do a Belle, West Virginia Refinance, or Belle, West Virginia Reverse Mortgages, you could estimate your home value.
If you knew your Belle, West Virginia home was worth $106,000.00 in 2001, you could multiply by + 16.74%, add the gain and see the home should be worth $123,744.64 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Charleston-WV from 2001 to 2005:
+ 3.35%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Grand-Junction-CO lost - 30.66% from 1982 thru 1986
- Anchorage-AK lost - 30.21% from 1985 thru 1989
Zip Code in MSA: 25015 - BELLE, WV
MSA Pop: 306836Zip Pop: 5145
Avg Value: 63200
County: KANAWHA
Elev: 603
Region: South
Lat: 38.235305
Long: -81.530528