Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.

The Charlottesville, Virginia MSA appreciated + 24.02% (+ 12.01% yearly) between 2003 and the end of 2004.

The state of VA had + 26.86% total appreciation (+ 13.43% 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 than the state as a whole. The state appreaciated + 11.81% faster than this MSA.

Charlottesville-VA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


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 $107,000.00 in 2003, you could multiply by + 24.02%, add the gain and see the home should be worth $132,703.71 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charlottesville-VA from 2003 to 2004:
+ 12.01%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 2003 to 2004 were Brownsville-Harlingen-TX, Jackson-TN, Austin-Round-Rock-TX, Burlington-NC, and Ogden-Clearfield-UT .

  1. Brownsville-Harlingen-TX only increased + 0.47% between 2003 and 2004
  2. Jackson-TN only increased + 1.89% between 2003 and 2004
  3. Austin-Round-Rock-TX only increased + 2.07% between 2003 and 2004
  4. Burlington-NC only increased + 2.09% between 2003 and 2004
  5. Ogden-Clearfield-UT only increased + 2.83% between 2003 and 2004

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

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