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 + 58.07% (+ 8.30% yearly).

All of the property in VA averaged + 54.09% change in value (+ 7.73% yearly).

Charlottesville-VA

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
Please Select One
2000-2003 Quarterly Detailed Appreciation
1997-2000 Quarterly Detailed Appreciation


If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Charlottesville, VIrginia click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Charlottesville, Virginia.

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 1997, you could multiply by + 58.07%, add the gain and see the home should be worth $158,066.67 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charlottesville-VA from 1997 to 2003:
+ 8.30%

Appreciation Comparisons

The worst perfoming MSAs ever for a 7 year period, were Lafayette-LA, Casper-WY, Midland-TX, Lafayette-LA, and Midland-TX .

  1. Lafayette-LA lost - 40.40% from 1982 to 1988
  2. Casper-WY lost - 35.78% from 1983 thru 1989
  3. Midland-TX lost - 32.81% from 1983 thru 1989
  4. Lafayette-LA lost - 32.70% from 1983 thru 1989
  5. Midland-TX lost - 31.48% from 1982 thru 1988

The top 5 performing MSAs from 1997 to 2003 were Barnstable-Town-MA, Napa-CA, San-Diego-Carlsbad-San-Marcos-CA, San-Luis-Obispo-Paso-Robles-CA, and Salinas-CA .

  1. Barnstable-Town-MA increased +133.99% from 1997 to the end of 2003
  2. Napa-CA increased +128.81% from 1997 to the end of 2003
  3. San-Diego-Carlsbad-San-Marcos-CA increased +126.29% from 1997 to the end of 2003
  4. San-Luis-Obispo-Paso-Robles-CA increased +121.84% from 1997 to the end of 2003
  5. Salinas-CA increased +118.48% from 1997 to the end of 2003

Zip Code in MSA: 22902 - CHARLOTTESVILLE, VA

MSA Pop: 181631
Zip Pop: 18468
Avg Value: 111800
County: CHARLOTTESVILLE CITY
Elev: 480
Region: South
Lat: 38.00028
Long: -78.46362