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: + 18.71%
  • State of VA: + 14.68%
  • Difference: + 27.44%

Charlottesville-VA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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 $98,000.00 in 1998, you could multiply by + 18.71%, add the gain and see the home should be worth $116,336.25 in 2000. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charlottesville-VA from 1998 to 2000:
+ 6.24%

Appreciation Comparisons

The worst 5 MSAs from 1998 to 2000 were Midland-TX, Wenatchee-WA, Buffalo-Niagara-Falls-NY, Grand-Forks-ND-MN, and Coeur-d'Alene-ID .

  1. Midland-TX decreased by - 1.12% between 1998 and 2000
  2. Wenatchee-WA only increased + 0.15% between 1998 and 2000
  3. Buffalo-Niagara-Falls-NY only increased + 0.36% between 1998 and 2000
  4. Grand-Forks-ND-MN only increased + 0.83% between 1998 and 2000
  5. Coeur-d'Alene-ID only increased + 1.01% between 1998 and 2000

For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .

  1. Bakersfield-CA increased + 93.72% from 2003 thru 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
  4. Madera-CA increased + 85.39% from 2003 thru 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. Lafayette-LA lost - 28.50% from 1986 thru 1988

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