Real Estate Appreciation for Charlottesville, Virginia: + 9.32%
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 + 9.32% (+ 2.33% yearly) from 1994 to 1997.
During the same time period, VA had + 6.50% (+ 1.63% yearly).
You can see that the Charlottesville, Virginia MSA experienced higher appreciation in this case.
Charlottesville-VA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1997 | 1 | 104.69 | + 0.14% | + 0.57% |
| 1997 | 2 | 104.77 | + 0.08% | + 0.31% |
| 1997 | 3 | 106.83 | + 1.97% | + 7.86% |
| 1997 | 4 | 108.47 | + 1.54% | + 6.14% |
There are a lot of ways to use the appreciation data for Charlottesville, Virginia .
Lets look at Charlottesville, VIrginia, a city located in Charlottesville, Virginia MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Charlottesville, VIrginia 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 $91,000.00 in 1994, you could multiply by + 9.32%, add the gain and see the home should be worth $99,483.67 in 1997. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Charlottesville-VA from 1994 to 1997:
+ 2.33%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
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