Real Estate Appreciation for Charlottesville, Virginia: +122.65%
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 +122.65% (+ 11.15% yearly).
All of the property in VA averaged +127.89% change in value (+ 11.63% yearly).
Charlottesville-VA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2002-2005 Quarterly Detailed Appreciation
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 $100,000.00 in 1995, you could multiply by +122.65%, add the gain and see the home should be worth $222,650.00 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Charlottesville-VA from 1995 to 2005:
+ 11.15%
Appreciation Comparisons
In contrast, the worst 5 MSAs from 1995 to 2005 were Springfield-IL, Lafayette-IN, Fayetteville-NC, Columbus-IN, and Florence-Muscle-Shoals-AL .
- Springfield-IL only increased + 29.78% between 1995 and 2005
- Lafayette-IN only increased + 32.24% between 1995 and 2005
- Fayetteville-NC only increased + 34.66% between 1995 and 2005
- Columbus-IN only increased + 34.69% between 1995 and 2005
- Florence-Muscle-Shoals-AL only increased + 35.09% between 1995 and 2005
The worst perfoming MSAs ever for a 11 year period, were Midland-TX, Midland-TX, Midland-TX, Odessa-TX, and Lafayette-LA .
- Midland-TX lost - 33.11% from 1982 to 1992
- Midland-TX lost - 27.85% from 1983 thru 1993
- Midland-TX lost - 21.51% from 1984 thru 1994
- Odessa-TX lost - 21.17% from 1984 thru 1994
- Lafayette-LA lost - 18.88% from 1982 thru 1992
Zip Code in MSA: 22904 - CHARLOTTESVILLE, VA
MSA Pop: 181631Zip Pop: 0
Avg Value: 0
County: CHARLOTTESVILLE CITY
Elev: 480
Region: South
Lat: 37.998458
Long: -78.470419