Appreciation for MSAs:.

Let's start by comparing Charlottesville, Virginia to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 46.09% (+ 4.61% yearly) for the Charlottesville, Virginia MSA.

The entire state of VA had + 37.27% appreciation (+ 3.73% yearly). The Charlottesville, Virginia MSA beat out the state. by + 23.69% appreciation.

Charlottesville-VA

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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1998-2001 Quarterly Detailed Appreciation
1995-1998 Quarterly Detailed Appreciation
1992-1995 Quarterly Detailed Appreciation


Lets look at Charlottesville, VIrginia, a city located in Charlottesville, 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 Charlottesville, VIrginia Refinance, or Charlottesville, VIrginia Reverse Mortgages, you could estimate your home value.

If you knew your Charlottesville, VIrginia home was worth $93,000.00 in 1992, you could multiply by + 46.09%, add the gain and see the home should be worth $135,867.34 in 2001. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charlottesville-VA from 1992 to 2001:
+ 4.61%

Appreciation Comparisons

The worst 5 MSAs from 1992 to 2001 were Honolulu-HI, Binghamton-NY, Albany-Schenectady-Troy-NY, Utica-Rome-NY, and Syracuse-NY .

  1. Honolulu-HI decreased by - 5.38% between 1992 and 2001
  2. Binghamton-NY only increased + 4.07% between 1992 and 2001
  3. Albany-Schenectady-Troy-NY only increased + 6.45% between 1992 and 2001
  4. Utica-Rome-NY only increased + 7.18% between 1992 and 2001
  5. Syracuse-NY only increased + 7.42% between 1992 and 2001

For a 10 year period, the top 5 performing MSAs of all time are Bridgeport-Stamford-Norwalk-CT, New-Haven-Milford-CT, Salinas-CA, Salinas-CA, and Riverside-San-Bernardino-Ontario-CA .

  1. Bridgeport-Stamford-Norwalk-CT increased +262.04% from 1977 thru 1986
  2. New-Haven-Milford-CT increased +251.93% from 1978 thru 1987
  3. Salinas-CA increased +251.06% from 1996 thru 2005
  4. Salinas-CA increased +247.53% from 1997 thru 2006
  5. Riverside-San-Bernardino-Ontario-CA increased +237.10% from 1997 thru 2006

The worst perfoming MSAs ever for a 10 year period, were Midland-TX, Midland-TX, Lafayette-LA, Midland-TX, and Lafayette-LA .

  1. Midland-TX lost - 34.73% from 1982 to 1991
  2. Midland-TX lost - 31.11% from 1983 thru 1992
  3. Lafayette-LA lost - 22.75% from 1982 thru 1991
  4. Midland-TX lost - 22.05% from 1984 thru 1993
  5. Lafayette-LA lost - 21.25% from 1983 thru 1992

Zip Code in MSA: 22903 - CHARLOTTESVILLE, VA

MSA Pop: 181631
Zip Pop: 37666
Avg Value: 146200
County: CHARLOTTESVILLE CITY
Elev: 480
Region: South
Lat: 38.034566
Long: -78.518013