Real Estate Appreciation for Bloomington Normal, Illinios: + 24.12%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Bloomington Normal, Illinios MSA appreciated + 24.12% (+ 6.03% yearly) between 1993 and the end of 1996.
The state of IL had + 14.83% total appreciation (+ 3.71% yearly).
The Bloomington Normal, Illinios MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 62.65% faster than the state as a whole.
Bloomington-Normal-IL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 87.71 | + 1.09% | + 4.38% |
| 1993 | 3 | 89.38 | + 1.90% | + 7.62% |
| 1993 | 4 | 91.09 | + 1.91% | + 7.65% |
| 1994 | 1 | 93.53 | + 2.68% | + 10.71% |
| 1994 | 2 | 96.46 | + 3.13% | + 12.53% |
| 1994 | 3 | 98.74 | + 2.36% | + 9.45% |
| 1994 | 4 | 98.99 | + 0.25% | + 1.01% |
| 1995 | 1 | 100 | + 1.02% | + 4.08% |
| 1995 | 2 | 102 | + 2.00% | + 8.00% |
| 1995 | 3 | 103.65 | + 1.62% | + 6.47% |
| 1995 | 4 | 103.39 | - 0.25% | - 1.00% |
| 1996 | 1 | 104.33 | + 0.91% | + 3.64% |
| 1996 | 2 | 105.76 | + 1.37% | + 5.48% |
| 1996 | 3 | 106.87 | + 1.05% | + 4.20% |
| 1996 | 4 | 107.69 | + 0.77% | + 3.07% |
Lets look at Bloomington, Illinios, a city located in Bloomington Normal, Illinios 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 Bloomington, Illinios Refinance, or Bloomington, Illinios Reverse Mortgages, you could estimate your home value.
If you knew your Bloomington, Illinios home was worth $89,000.00 in 1993, you could multiply by + 24.12%, add the gain and see the home should be worth $110,470.38 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bloomington-Normal-IL from 1993 to 1996:
+ 6.03%
Appreciation Comparisons
The top 5 performing MSAs from 1993 to 1996 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Greeley-CO .
- Salt-Lake-City-UT increased + 55.78% from 1993 to the end of 1996
- Provo-Orem-UT increased + 52.50% from 1993 to the end of 1996
- Ogden-Clearfield-UT increased + 51.69% from 1993 to the end of 1996
- Logan-UT-ID increased + 43.02% from 1993 to the end of 1996
- Greeley-CO increased + 41.92% from 1993 to the end of 1996
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