Real Estate Appreciation for Charlottesville, Virginia: + 48.68%
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 + 48.68% (+ 6.09% yearly).
All of the property in VA averaged + 47.49% change in value (+ 5.94% yearly).
Charlottesville-VA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation
Some of the ways peope use our appreciation data for Charlottesville, Virginia include real estate investment .
Lets look at Charlottesville, VIrginia, a city located in Charlottesville, Virginia MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in 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 $97,000.00 in 1995, you could multiply by + 48.68%, add the gain and see the home should be worth $144,219.60 in 2002. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Charlottesville-VA from 1995 to 2002:
+ 6.09%
Appreciation Comparisons
The top 5 performing MSAs from 1995 to 2002 were Barnstable-Town-MA, San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, San-Luis-Obispo-Paso-Robles-CA, and Napa-CA .
- Barnstable-Town-MA increased +119.52% from 1995 to the end of 2002
- San-Jose-Sunnyvale-Santa-Clara-CA increased +114.76% from 1995 to the end of 2002
- Santa-Cruz-Watsonville-CA increased +106.13% from 1995 to the end of 2002
- San-Luis-Obispo-Paso-Robles-CA increased +101.11% from 1995 to the end of 2002
- Napa-CA increased + 96.27% from 1995 to the end of 2002
Zip Code in MSA: 22903 - CHARLOTTESVILLE, VA
MSA Pop: 181631Zip Pop: 37666
Avg Value: 146200
County: CHARLOTTESVILLE CITY
Elev: 480
Region: South
Lat: 38.034566
Long: -78.518013