Real Estate Appreciation for Charlottesville, Virginia: + 46.86%
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 + 46.86% (+ 15.62% yearly) between 2003 and the end of 2005.
The state of VA had + 52.27% total appreciation (+ 17.42% 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 + 11.56% faster than this MSA.
Charlottesville-VA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
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 2003, you could multiply by + 46.86%, add the gain and see the home should be worth $158,605.63 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Charlottesville-VA from 2003 to 2005:
+ 15.62%
Appreciation Comparisons
The top 5 performing MSAs from 2003 to 2005 were Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 to the end of 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 to the end of 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 to the end of 2005
- Madera-CA increased + 85.39% from 2003 to the end of 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 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