Real Estate Appreciation for Richmond, Virginia: + 37.30%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Richmond, Virginia did compared to the state as a whole.
The Richmond, Virginia MSA property value change was + 37.30% (+ 9.32% yearly).
All of the property in VA averaged + 40.89% change in value (+ 10.22% yearly).
Richmond-VA
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1977 | 2 | 44.24 | + 5.23% | + 20.93% |
| 1977 | 3 | 45.17 | + 2.10% | + 8.41% |
| 1977 | 4 | 46.21 | + 2.30% | + 9.21% |
| 1978 | 1 | 45.74 | - 1.02% | - 4.07% |
| 1978 | 2 | 47.04 | + 2.84% | + 11.37% |
| 1978 | 3 | 48.41 | + 2.91% | + 11.65% |
| 1978 | 4 | 49.23 | + 1.69% | + 6.78% |
| 1979 | 1 | 49.84 | + 1.24% | + 4.96% |
| 1979 | 2 | 52.37 | + 5.08% | + 20.30% |
| 1979 | 3 | 52.65 | + 0.53% | + 2.14% |
| 1979 | 4 | 53.14 | + 0.93% | + 3.72% |
| 1980 | 1 | 56.22 | + 5.80% | + 23.18% |
| 1980 | 2 | 56.28 | + 0.11% | + 0.43% |
| 1980 | 3 | 56.86 | + 1.03% | + 4.12% |
| 1980 | 4 | 57.72 | + 1.51% | + 6.05% |
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If you were going to do a Powhatan, VIrginia Refinance, or Powhatan, VIrginia Reverse Mortgages, you could estimate your home value.
If you knew your Powhatan, VIrginia home was worth $57,000.00 in 1977, you could multiply by + 37.30%, add the gain and see the home should be worth $78,259.75 in 1980. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Richmond-VA from 1977 to 1980:
+ 9.32%
Appreciation Comparisons
The top 5 performing MSAs from 1977 to 1980 were San-Jose-Sunnyvale-Santa-Clara-CA, Oxnard-Thousand-Oaks-Ventura-CA, Santa-Rosa-Petaluma-CA, Fresno-CA, and Denver-Aurora-CO .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 95.16% from 1977 to the end of 1980
- Oxnard-Thousand-Oaks-Ventura-CA increased + 92.58% from 1977 to the end of 1980
- Santa-Rosa-Petaluma-CA increased + 90.85% from 1977 to the end of 1980
- Fresno-CA increased + 82.99% from 1977 to the end of 1980
- Denver-Aurora-CO increased + 79.05% from 1977 to the end of 1980
Zip Code in MSA: 23139 - POWHATAN, VA
MSA Pop: 1138234Zip Pop: 21008
Avg Value: 134900
County: POWHATAN
Elev: 377
Region: South
Lat: 37.542709
Long: -77.878282