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 + 44.44% (+ 14.81% yearly) from 2004 to 2006.

During the same time period, VA had + 45.35% (+ 15.12% yearly). From 2004 to 2006, 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%
2006 1 228.63 + 2.69% + 10.74%
2006 2 235.87 + 3.17% + 12.67%
2006 3 241.18 + 2.25% + 9.00%
2006 4 242.04 + 0.36% + 1.43%


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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 $110,000.00 in 2004, you could multiply by + 44.44%, add the gain and see the home should be worth $158,885.24 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Charlottesville-VA from 2004 to 2006:
+ 14.81%

Appreciation Comparisons

The top 5 performing MSAs from 2004 to 2006 were Naples-Marco-Island-FL, Bakersfield-CA, Bend-OR, Phoenix-Mesa-Scottdale-AZ, and Visalia-Porterville-CA .

  1. Naples-Marco-Island-FL increased + 77.60% from 2004 to the end of 2006
  2. Bakersfield-CA increased + 77.49% from 2004 to the end of 2006
  3. Bend-OR increased + 75.09% from 2004 to the end of 2006
  4. Phoenix-Mesa-Scottdale-AZ increased + 75.00% from 2004 to the end of 2006
  5. Visalia-Porterville-CA increased + 73.18% from 2004 to the end of 2006

For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .

  1. Bakersfield-CA increased + 93.72% from 2003 thru 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
  4. Madera-CA increased + 85.39% from 2003 thru 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 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