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 + 87.26% (+ 14.54% yearly) from 2000 to 2005.

During the same time period, VA had + 93.02% (+ 15.50% yearly). From 2000 to 2005, VIrginia outperformed the individual Charlottesville, Virginia MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Charlottesville-VA

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2002-2005 Quarterly Detailed Appreciation


There are a lot of ways to use the appreciation data for Charlottesville, Virginia .

Lets look at Charlottesville, VIrginia, a city located in Charlottesville, Virginia MSA.

Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Charlottesville, 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 $105,000.00 in 2000, you could multiply by + 87.26%, add the gain and see the home should be worth $196,621.11 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charlottesville-VA from 2000 to 2005:
+ 14.54%

Appreciation Comparisons

The top 5 performing MSAs from 2000 to 2005 were Merced-CA, Modesto-CA, Yuba-City-CA, Naples-Marco-Island-FL, and Salinas-CA .

  1. Merced-CA increased +172.57% from 2000 to the end of 2005
  2. Modesto-CA increased +166.23% from 2000 to the end of 2005
  3. Yuba-City-CA increased +164.17% from 2000 to the end of 2005
  4. Naples-Marco-Island-FL increased +160.43% from 2000 to the end of 2005
  5. Salinas-CA increased +160.00% from 2000 to the end of 2005

In contrast, the worst 5 MSAs from 2000 to 2005 were Lafayette-IN, Burlington-NC, Jonesboro-AR, Jackson-TN, and Decatur-AL .

  1. Lafayette-IN only increased + 12.89% between 2000 and 2005
  2. Burlington-NC only increased + 15.79% between 2000 and 2005
  3. Jonesboro-AR only increased + 16.76% between 2000 and 2005
  4. Jackson-TN only increased + 17.68% between 2000 and 2005
  5. Decatur-AL only increased + 17.80% between 2000 and 2005

Zip Code in MSA: 22902 - CHARLOTTESVILLE, VA

MSA Pop: 181631
Zip Pop: 18468
Avg Value: 111800
County: CHARLOTTESVILLE CITY
Elev: 480
Region: South
Lat: 38.00028
Long: -78.46362