Real Estate Appreciation for Charlottesville, Virginia: + 15.12%
Appreciation for MSAs:.
The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.
In this case Charlottesville, Virginia MSA appreciated + 15.12% (+ 7.56% yearly) for the period between 1999 and the end of 2000.
The state had + 11.32% total appreciation (+ 5.66% yearly).
The Charlottesville, Virginia MSA outperformed the state. When an MSA outperforms the state, it shows that something in this area happened to increase real estate growth. The are the conditions you look to replicate as an investor.
Charlottesville-VA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
Some of the ways peope use our appreciation data for Charlottesville, Virginia include real estate investment .
Lets look at Charlottesville, VIrginia, a city located in Charlottesville, Virginia MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in 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 $99,000.00 in 1999, you could multiply by + 15.12%, add the gain and see the home should be worth $113,971.04 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Charlottesville-VA from 1999 to 2000:
+ 7.56%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
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