Real Estate Appreciation for Charlottesville, Virginia: + 58.87%
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 + 58.87% (+ 14.72% yearly) for the Charlottesville, Virginia MSA.
The entire state of VA had + 65.02% appreciation (+ 16.26% yearly).
The state average for VIrginia was higher than the real estate appreciation in the Charlottesville, Virginia MSA. This means the conditions in the MSA for real estate investment were worse by + 10.46%.
Charlottesville-VA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2004 | 1 | 167.57 | + 1.26% | + 5.05% |
| 2004 | 2 | 173.5 | + 3.54% | + 14.16% |
| 2004 | 3 | 184.86 | + 6.55% | + 26.19% |
| 2004 | 4 | 188.03 | + 1.71% | + 6.86% |
| 2005 | 1 | 196.1 | + 4.29% | + 17.17% |
| 2005 | 2 | 208.21 | + 6.18% | + 24.70% |
| 2005 | 3 | 215.86 | + 3.67% | + 14.70% |
| 2005 | 4 | 222.65 | + 3.15% | + 12.58% |
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 $107,000.00 in 2002, you could multiply by + 58.87%, add the gain and see the home should be worth $169,986.09 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Charlottesville-VA from 2002 to 2005:
+ 14.72%
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 2002 to 2005 were Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Yuba-City-CA .
- Bakersfield-CA increased +116.36% from 2002 to the end of 2005
- Fresno-CA increased +116.09% from 2002 to the end of 2005
- Madera-CA increased +114.32% from 2002 to the end of 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 to the end of 2005
- Yuba-City-CA increased +108.89% from 2002 to the end of 2005
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