Real Estate Appreciation for Charlottesville, Virginia: + 39.18%
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 + 39.18% (+ 9.79% yearly) from 2000 to 2003.
During the same time period, VA had + 37.21% (+ 9.30% yearly).
You can see that the Charlottesville, Virginia MSA experienced higher appreciation in this case.
Charlottesville-VA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2003 | 1 | 151.61 | + 1.97% | + 7.88% |
| 2003 | 2 | 156.05 | + 2.93% | + 11.71% |
| 2003 | 3 | 159.05 | + 1.92% | + 7.69% |
| 2003 | 4 | 165.48 | + 4.04% | + 16.17% |
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 $103,000.00 in 2000, you could multiply by + 39.18%, add the gain and see the home should be worth $143,351.05 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Charlottesville-VA from 2000 to 2003:
+ 9.79%
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 .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
The top 5 performing MSAs from 2000 to 2003 were Yuba-City-CA, Barnstable-Town-MA, Modesto-CA, San-Luis-Obispo-Paso-Robles-CA, and San-Diego-Carlsbad-San-Marcos-CA .
- Yuba-City-CA increased + 71.27% from 2000 to the end of 2003
- Barnstable-Town-MA increased + 70.88% from 2000 to the end of 2003
- Modesto-CA increased + 69.30% from 2000 to the end of 2003
- San-Luis-Obispo-Paso-Robles-CA increased + 67.94% from 2000 to the end of 2003
- San-Diego-Carlsbad-San-Marcos-CA increased + 67.84% from 2000 to the end of 2003
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