Real Estate Appreciation for Bloomington Normal, Illinios: + 40.70%
Appreciation for MSAs:.
Let's start by comparing Bloomington Normal, Illinios to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 40.70% (+ 5.09% yearly) for the Bloomington Normal, Illinios MSA.
The entire state of IL had + 32.37% appreciation (+ 4.05% yearly).
The Bloomington Normal, Illinios MSA beat out the state. by + 25.74% appreciation.
Bloomington-Normal-IL
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1996-1999 Quarterly Detailed Appreciation
1993-1996 Quarterly Detailed Appreciation
If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Bloomington, Illinios click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Bloomington Normal, Illinios.
If you were going to do a Bloomington, Illinios Refinance, or Bloomington, Illinios Reverse Mortgages, you could estimate your home value.
If you knew your Bloomington, Illinios home was worth $91,000.00 in 1992, you could multiply by + 40.70%, add the gain and see the home should be worth $128,034.38 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bloomington-Normal-IL from 1992 to 1999:
+ 5.09%
Appreciation Comparisons
The worst 5 MSAs from 1992 to 1999 were Honolulu-HI, Bakersfield-CA, Binghamton-NY, Albany-Schenectady-Troy-NY, and Riverside-San-Bernardino-Ontario-CA .
- Honolulu-HI decreased by - 15.17% between 1992 and 1999
- Bakersfield-CA decreased by - 5.95% between 1992 and 1999
- Binghamton-NY decreased by - 4.68% between 1992 and 1999
- Albany-Schenectady-Troy-NY decreased by - 4.58% between 1992 and 1999
- Riverside-San-Bernardino-Ontario-CA decreased by - 3.65% between 1992 and 1999
For a 8 year period, the top 5 performing MSAs of all time are Salinas-CA, Springfield-MA, Naples-Marco-Island-FL, Salinas-CA, and Naples-Marco-Island-FL .
- Salinas-CA increased +233.30% from 1998 thru 2005
- Springfield-MA increased +225.43% from 1981 thru 1988
- Naples-Marco-Island-FL increased +209.59% from 1999 thru 2006
- Salinas-CA increased +204.52% from 1999 thru 2006
- Naples-Marco-Island-FL increased +202.95% from 1998 thru 2005
The worst perfoming MSAs ever for a 8 year period, were Midland-TX, Midland-TX, Casper-WY, Lafayette-LA, and Lafayette-LA .
- Midland-TX lost - 34.76% from 1982 to 1989
- Midland-TX lost - 32.81% from 1983 thru 1990
- Casper-WY lost - 31.76% from 1983 thru 1990
- Lafayette-LA lost - 31.61% from 1981 thru 1988
- Lafayette-LA lost - 30.68% from 1982 thru 1989
Zip Code in MSA: 61701 - BLOOMINGTON, IL
MSA Pop: 156879Zip Pop: 37240
Avg Value: 87400
County: MCLEAN
Elev: 829
Region: Midwest
Lat: 40.47558
Long: -89.00472