Real Estate Appreciation for Charlottesville, Virginia: + 14.80%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Charlottesville, Virginia: + 14.80%
- State of VA: + 11.13%
- Difference: + 32.96%
Charlottesville-VA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1998 | 1 | 107.48 | - 0.91% | - 3.65% |
| 1998 | 2 | 109.21 | + 1.61% | + 6.44% |
| 1998 | 3 | 109.99 | + 0.71% | + 2.86% |
| 1998 | 4 | 111.98 | + 1.81% | + 7.24% |
| 1999 | 1 | 110.83 | - 1.03% | - 4.11% |
| 1999 | 2 | 114.15 | + 3.00% | + 11.98% |
| 1999 | 3 | 115.63 | + 1.30% | + 5.19% |
| 1999 | 4 | 118.46 | + 2.45% | + 9.79% |
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 $95,000.00 in 1996, you could multiply by + 14.80%, add the gain and see the home should be worth $109,058.05 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Charlottesville-VA from 1996 to 1999:
+ 3.70%
Appreciation Comparisons
The top 5 performing MSAs from 1996 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Denver-Aurora-CO, and Ann-Arbor-MI .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 52.03% from 1996 to the end of 1999
- Santa-Cruz-Watsonville-CA increased + 42.74% from 1996 to the end of 1999
- Barnstable-Town-MA increased + 33.97% from 1996 to the end of 1999
- Denver-Aurora-CO increased + 33.24% from 1996 to the end of 1999
- Ann-Arbor-MI increased + 31.04% from 1996 to the end of 1999
For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
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