Real Estate Appreciation for Charlottesville, Virginia: + 6.89%
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 + 6.89% (+ 1.72% yearly) between 1993 and the end of 1996.
The state of VA had + 5.30% total appreciation (+ 1.33% yearly).
The Charlottesville, Virginia MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 29.92% faster than the state as a whole.
Charlottesville-VA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1996 | 1 | 103.19 | - 0.04% | - 0.15% |
| 1996 | 2 | 103.22 | + 0.03% | + 0.12% |
| 1996 | 3 | 102.62 | - 0.58% | - 2.33% |
| 1996 | 4 | 104.54 | + 1.87% | + 7.48% |
If you need information on Hard Money Rehab Loans in Charlottesville, VIrginia look at 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 $89,000.00 in 1993, you could multiply by + 6.89%, add the gain and see the home should be worth $95,133.54 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Charlottesville-VA from 1993 to 1996:
+ 1.72%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 1996 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Greeley-CO .
- Salt-Lake-City-UT increased + 55.78% from 1993 to the end of 1996
- Provo-Orem-UT increased + 52.50% from 1993 to the end of 1996
- Ogden-Clearfield-UT increased + 51.69% from 1993 to the end of 1996
- Logan-UT-ID increased + 43.02% from 1993 to the end of 1996
- Greeley-CO increased + 41.92% from 1993 to the end of 1996
In contrast, the worst 5 MSAs from 1993 to 1996 were Riverside-San-Bernardino-Ontario-CA, Binghamton-NY, Kingston-NY, Utica-Rome-NY, and Sacramento-Arden-Arcade-Roseville-CA .
- Riverside-San-Bernardino-Ontario-CA decreased by - 15.31% between 1993 and 1996
- Binghamton-NY decreased by - 14.87% between 1993 and 1996
- Kingston-NY decreased by - 13.20% between 1993 and 1996
- Utica-Rome-NY decreased by - 9.87% between 1993 and 1996
- Sacramento-Arden-Arcade-Roseville-CA decreased by - 9.65% between 1993 and 1996
Zip Code in MSA: 22901 - CHARLOTTESVILLE, VA
MSA Pop: 181631Zip Pop: 30753
Avg Value: 163400
County: ALBEMARLE
Elev: 0
Region: South
Lat: 38.056523
Long: -78.495851