Real Estate Appreciation for Bloomington Normal, Illinios: + 7.69%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Bloomington Normal, Illinios did compared to the state as a whole.
The Bloomington Normal, Illinios MSA property value change was + 7.69% (+ 3.84% yearly).
All of the property in IL averaged + 6.57% change in value (+ 3.29% yearly).
Bloomington-Normal-IL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
Some of the ways peope use our appreciation data for Bloomington Normal, Illinios include real estate investment .
Lets look at Bloomington, Illinios, a city located in Bloomington Normal, Illinios MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Illinios 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 $91,000.00 in 1995, you could multiply by + 7.69%, add the gain and see the home should be worth $97,997.90 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bloomington-Normal-IL from 1995 to 1996:
+ 3.84%
Appreciation Comparisons
For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
- Bakersfield-CA increased + 63.04% from 2004 thru 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005
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