Appreciation for MSAs:.

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

The Charlottesville, Virginia MSA appreciated + 5.55% (+ 1.85% yearly) between 1993 and the end of 1995.

The state of VA had + 4.15% total appreciation (+ 1.38% yearly). The Charlottesville, Virginia MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 33.82% faster than the state as a whole.

Charlottesville-VA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1993 2 97.51 - 0.30% - 1.19%
1993 3 99.63 + 2.17% + 8.70%
1993 4 98.94 - 0.69% - 2.77%
1994 1 99.22 + 0.28% + 1.13%
1994 2 98.48 - 0.75% - 2.98%
1994 3 98.75 + 0.27% + 1.10%
1994 4 100.21 + 1.48% + 5.91%
1995 1 100 - 0.21% - 0.84%
1995 2 102.35 + 2.35% + 9.40%
1995 3 101.94 - 0.40% - 1.60%
1995 4 103.23 + 1.27% + 5.06%


Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.

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 $88,000.00 in 1993, you could multiply by + 5.55%, add the gain and see the home should be worth $92,885.89 in 1995. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charlottesville-VA from 1993 to 1995:
+ 1.85%

Appreciation Comparisons

The worst 5 MSAs from 1993 to 1995 were Riverside-San-Bernardino-Ontario-CA, Binghamton-NY, Kingston-NY, Utica-Rome-NY, and Sacramento-Arden-Arcade-Roseville-CA .

  1. Riverside-San-Bernardino-Ontario-CA decreased by - 12.41% between 1993 and 1995
  2. Binghamton-NY decreased by - 10.14% between 1993 and 1995
  3. Kingston-NY decreased by - 9.24% between 1993 and 1995
  4. Utica-Rome-NY decreased by - 9.14% between 1993 and 1995
  5. Sacramento-Arden-Arcade-Roseville-CA decreased by - 7.65% between 1993 and 1995

For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .

  1. Bakersfield-CA increased + 93.72% from 2003 thru 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
  4. Madera-CA increased + 85.39% from 2003 thru 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. Lafayette-LA lost - 28.50% from 1986 thru 1988

Zip Code in MSA: 22901 - CHARLOTTESVILLE, VA

MSA Pop: 181631
Zip Pop: 30753
Avg Value: 163400
County: ALBEMARLE
Elev: 0
Region: South
Lat: 38.056523
Long: -78.495851