Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.

The Charleston, West Virginia MSA appreciated + 6.32% (+ 3.16% yearly) between 2003 and the end of 2004.

The state of WV had + 10.84% total appreciation (+ 5.42% yearly). The state average for West Virginia was higher than the real estate appreciation in the Charleston, West Virginia MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated + 71.65% faster than this MSA.

Charleston-WV

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2003 2 132.26 + 1.39% + 5.55%
2003 3 133.49 + 0.93% + 3.72%
2003 4 132.59 - 0.67% - 2.70%
2004 1 133.79 + 0.91% + 3.62%
2004 2 135.75 + 1.46% + 5.86%
2004 3 136.64 + 0.66% + 2.62%
2004 4 138.69 + 1.50% + 6.00%


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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 $107,000.00 in 2003, you could multiply by + 6.32%, add the gain and see the home should be worth $113,758.76 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charleston-WV from 2003 to 2004:
+ 3.16%

Appreciation Comparisons

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

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