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 + 21.87% (+ 5.47% yearly).

All of the property in VA averaged + 18.39% change in value (+ 4.60% yearly).

Charlottesville-VA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
2000 1 118.9 + 0.37% + 1.49%
2000 2 123.01 + 3.46% + 13.83%
2000 3 125.06 + 1.67% + 6.67%
2000 4 127.59 + 2.02% + 8.09%


If you need information on Hard Money Rehab Loans in Charlottesville, VIrginia look at 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 1997, you could multiply by + 21.87%, add the gain and see the home should be worth $118,217.88 in 2000. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charlottesville-VA from 1997 to 2000:
+ 5.47%

Appreciation Comparisons

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 .

  1. Bakersfield-CA increased +116.36% from 2002 thru 2005
  2. Fresno-CA increased +116.09% from 2002 thru 2005
  3. Madera-CA increased +114.32% from 2002 thru 2005
  4. Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
  5. Bakersfield-CA increased +110.89% from 2003 thru 2006

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