Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Charlottesville, Virginia MSA appreciation it was + 25.05% (+ 8.35% yearly) from 2000 to 2002.

During the same time period, VA had + 24.93% (+ 8.31% yearly). You can see that the Charlottesville, Virginia MSA experienced higher appreciation in this case.

Charlottesville-VA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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 $102,000.00 in 2000, you could multiply by + 25.05%, add the gain and see the home should be worth $127,547.18 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charlottesville-VA from 2000 to 2002:
+ 8.35%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  2. 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