Appreciation for MSAs:.

Let's start by comparing Charlottesville, Virginia to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 18.07% (+ 9.04% yearly) for the Charlottesville, Virginia MSA.

The entire state of VA had + 17.31% appreciation (+ 8.65% yearly). The Charlottesville, Virginia MSA beat out the state. by + 4.44% appreciation.

Charlottesville-VA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


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 $105,000.00 in 2002, you could multiply by + 18.07%, add the gain and see the home should be worth $123,977.17 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charlottesville-VA from 2002 to 2003:
+ 9.04%

Appreciation Comparisons

The top 5 performing MSAs from 2002 to 2003 were Fresno-CA, Yuba-City-CA, Chico-CA, Madera-CA, and Redding-CA .

  1. Fresno-CA increased + 36.89% from 2002 to the end of 2003
  2. Yuba-City-CA increased + 35.43% from 2002 to the end of 2003
  3. Chico-CA increased + 35.05% from 2002 to the end of 2003
  4. Madera-CA increased + 34.32% from 2002 to the end of 2003
  5. Redding-CA increased + 34.01% from 2002 to the end of 2003

For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005

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