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 + 34.15% (+ 8.54% yearly) for the period between 1999 and the end of 2002.

The state had + 31.91% total appreciation (+ 7.98% 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

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
2001 1 130.16 + 2.01% + 8.06%
2001 2 133.38 + 2.47% + 9.90%
2001 3 136.9 + 2.64% + 10.56%
2001 4 136.89 - 0.01% - 0.03%
2002 1 140.15 + 2.38% + 9.53%
2002 2 144.8 + 3.32% + 13.27%
2002 3 148.24 + 2.38% + 9.50%
2002 4 148.68 + 0.30% + 1.19%


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 $101,000.00 in 1999, you could multiply by + 34.15%, add the gain and see the home should be worth $135,492.92 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charlottesville-VA from 1999 to 2002:
+ 8.54%

Appreciation Comparisons

The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .

  1. Lafayette-LA lost - 34.71% from 1985 to 1988
  2. Grand-Junction-CO lost - 34.70% from 1982 thru 1985
  3. Lafayette-LA lost - 34.44% from 1984 thru 1987
  4. Casper-WY lost - 34.10% from 1983 thru 1986
  5. Casper-WY lost - 32.07% from 1984 thru 1987

The top 5 performing MSAs from 1999 to 2002 were Barnstable-Town-MA, Napa-CA, Vallejo-Fairfield-CA, San-Luis-Obispo-Paso-Robles-CA, and Salinas-CA .

  1. Barnstable-Town-MA increased + 77.56% from 1999 to the end of 2002
  2. Napa-CA increased + 71.93% from 1999 to the end of 2002
  3. Vallejo-Fairfield-CA increased + 71.68% from 1999 to the end of 2002
  4. San-Luis-Obispo-Paso-Robles-CA increased + 71.04% from 1999 to the end of 2002
  5. Salinas-CA increased + 68.96% from 1999 to the end of 2002

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