Appreciation for MSAs:.

Before we disect the appreciation within the MSA for this period, lets consider how Charlottesville, Virginia did compared to the state as a whole.

The Charlottesville, Virginia MSA property value change was + 4.54% (+ 2.27% yearly).

All of the property in VA averaged + 4.44% change in value (+ 2.22% yearly).

Charlottesville-VA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


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 $91,000.00 in 1995, you could multiply by + 4.54%, add the gain and see the home should be worth $95,131.40 in 1996. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charlottesville-VA from 1995 to 1996:
+ 2.27%

Appreciation Comparisons

The top 5 performing MSAs from 1995 to 1996 were Salt-Lake-City-UT, Ogden-Clearfield-UT, Pittsfield-MA, Danville-IL, and Bay-City-MI .

  1. Salt-Lake-City-UT increased + 17.55% from 1995 to the end of 1996
  2. Ogden-Clearfield-UT increased + 17.36% from 1995 to the end of 1996
  3. Pittsfield-MA increased + 17.05% from 1995 to the end of 1996
  4. Danville-IL increased + 16.75% from 1995 to the end of 1996
  5. Bay-City-MI increased + 16.66% from 1995 to the end of 1996

For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005

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