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 + 72.70% (+ 14.54% yearly) for the Charlottesville, Virginia MSA.

The entire state of VA had + 74.80% appreciation (+ 14.96% 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 + 2.88%.

Charlottesville-VA

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2003-2006 Quarterly Detailed Appreciation


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

Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans 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 $108,000.00 in 2002, you could multiply by + 72.70%, add the gain and see the home should be worth $186,516.73 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charlottesville-VA from 2002 to 2006:
+ 14.54%

Appreciation Comparisons

The top 5 performing MSAs from 2002 to 2006 were Bakersfield-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, Fresno-CA, and Naples-Marco-Island-FL .

  1. Bakersfield-CA increased +135.54% from 2002 to the end of 2006
  2. Madera-CA increased +131.62% from 2002 to the end of 2006
  3. Riverside-San-Bernardino-Ontario-CA increased +130.28% from 2002 to the end of 2006
  4. Fresno-CA increased +126.76% from 2002 to the end of 2006
  5. Naples-Marco-Island-FL increased +121.87% from 2002 to the end of 2006

In contrast, the worst 5 MSAs from 2002 to 2006 were Kokomo-IN, Anderson-IN, Lafayette-IN, Saginaw-Saginaw-Township-North-MI, and Muncie-IN .

  1. Kokomo-IN only increased + 4.72% between 2002 and 2006
  2. Anderson-IN only increased + 6.47% between 2002 and 2006
  3. Lafayette-IN only increased + 6.55% between 2002 and 2006
  4. Saginaw-Saginaw-Township-North-MI only increased + 8.62% between 2002 and 2006
  5. Muncie-IN only increased + 8.71% between 2002 and 2006

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