Appreciation for MSAs:.

The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Charlottesville, Virginia MSA appreciation it was + 32.87% (+ 16.43% yearly) from 2004 to 2005.

During the same time period, VA had + 37.23% (+ 18.61% yearly). From 2004 to 2005, VIrginia outperformed the individual Charlottesville, Virginia MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Charlottesville-VA

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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 $109,000.00 in 2004, you could multiply by + 32.87%, add the gain and see the home should be worth $144,828.13 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charlottesville-VA from 2004 to 2005:
+ 16.43%

Appreciation Comparisons

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

The top 5 performing MSAs from 2004 to 2005 were 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 to the end of 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 to the end of 2005
  3. Bakersfield-CA increased + 63.04% from 2004 to the end of 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 to the end of 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 to the end of 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