Real Estate Appreciation for Charlottesville, Virginia: + 82.22%
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: + 82.22%
- State of VA: + 81.58%
- Difference: + 0.78%
Charlottesville-VA
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2001-2004 Quarterly Detailed Appreciation
1998-2001 Quarterly Detailed Appreciation
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 $100,000.00 in 1996, you could multiply by + 82.22%, add the gain and see the home should be worth $182,217.27 in 2004. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Charlottesville-VA from 1996 to 2004:
+ 9.14%
Appreciation Comparisons
The top 5 performing MSAs from 1996 to 2004 were San-Diego-Carlsbad-San-Marcos-CA, Salinas-CA, Barnstable-Town-MA, Napa-CA, and San-Luis-Obispo-Paso-Robles-CA .
- San-Diego-Carlsbad-San-Marcos-CA increased +184.94% from 1996 to the end of 2004
- Salinas-CA increased +181.73% from 1996 to the end of 2004
- Barnstable-Town-MA increased +169.91% from 1996 to the end of 2004
- Napa-CA increased +168.26% from 1996 to the end of 2004
- San-Luis-Obispo-Paso-Robles-CA increased +166.00% from 1996 to the end of 2004
In contrast, the worst 5 MSAs from 1996 to 2004 were Florence-Muscle-Shoals-AL, Columbus-IN, Springfield-IL, El-Paso-TX, and Jackson-TN .
- Florence-Muscle-Shoals-AL only increased + 19.09% between 1996 and 2004
- Columbus-IN only increased + 21.32% between 1996 and 2004
- Springfield-IL only increased + 21.65% between 1996 and 2004
- El-Paso-TX only increased + 22.29% between 1996 and 2004
- Jackson-TN only increased + 22.40% between 1996 and 2004
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