Appreciation for MSAs:.

The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Charlottesville, Virginia MSA appreciation it was + 5.36% (+ 1.79% yearly) from 1994 to 1996.

During the same time period, VA had + 3.44% (+ 1.15% yearly). You can see that the Charlottesville, Virginia MSA experienced higher appreciation in this case.

Charlottesville-VA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


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 $90,000.00 in 1994, you could multiply by + 5.36%, add the gain and see the home should be worth $94,825.64 in 1996. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charlottesville-VA from 1994 to 1996:
+ 1.79%

Appreciation Comparisons

The worst 5 MSAs from 1994 to 1996 were Binghamton-NY, Kingston-NY, Riverside-San-Bernardino-Ontario-CA, Utica-Rome-NY, and Honolulu-HI .

  1. Binghamton-NY decreased by - 13.28% between 1994 and 1996
  2. Kingston-NY decreased by - 11.87% between 1994 and 1996
  3. Riverside-San-Bernardino-Ontario-CA decreased by - 11.33% between 1994 and 1996
  4. Utica-Rome-NY decreased by - 10.37% between 1994 and 1996
  5. Honolulu-HI decreased by - 9.66% between 1994 and 1996

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