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 + 8.47% (+ 2.82% yearly).

All of the property in VA averaged + 7.53% change in value (+ 2.51% 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%
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%


If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Charlottesville, VIrginia click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Charlottesville, Virginia.

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 $92,000.00 in 1995, you could multiply by + 8.47%, add the gain and see the home should be worth $99,792.40 in 1997. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charlottesville-VA from 1995 to 1997:
+ 2.82%

Appreciation Comparisons

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

The top 5 performing MSAs from 1995 to 1997 were Bay-City-MI, Ogden-Clearfield-UT, Salt-Lake-City-UT, Battle-Creek-MI, and Portland-Vancouver-Beaverton-OR-WA .

  1. Bay-City-MI increased + 25.65% from 1995 to the end of 1997
  2. Ogden-Clearfield-UT increased + 25.40% from 1995 to the end of 1997
  3. Salt-Lake-City-UT increased + 24.43% from 1995 to the end of 1997
  4. Battle-Creek-MI increased + 24.38% from 1995 to the end of 1997
  5. Portland-Vancouver-Beaverton-OR-WA increased + 23.69% from 1995 to the end of 1997

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