Real Estate Appreciation for Bloomington Normal, Illinios: + 21.22%
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 + 21.22% (+ 3.54% yearly).
All of the property in IL averaged + 26.65% change in value (+ 4.44% yearly).
Bloomington-Normal-IL
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
1997-2000 Quarterly Detailed Appreciation
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
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 $95,000.00 in 1995, you could multiply by + 21.22%, add the gain and see the home should be worth $115,159.00 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bloomington-Normal-IL from 1995 to 2000:
+ 3.54%
Appreciation Comparisons
The top 5 performing MSAs from 1995 to 2000 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Santa-Rosa-Petaluma-CA, Barnstable-Town-MA, and Denver-Aurora-CO .
- San-Jose-Sunnyvale-Santa-Clara-CA increased +101.99% from 1995 to the end of 2000
- Santa-Cruz-Watsonville-CA increased + 79.90% from 1995 to the end of 2000
- Santa-Rosa-Petaluma-CA increased + 65.27% from 1995 to the end of 2000
- Barnstable-Town-MA increased + 64.91% from 1995 to the end of 2000
- Denver-Aurora-CO increased + 61.62% from 1995 to the end of 2000
In contrast, the worst 5 MSAs from 1995 to 2000 were Honolulu-HI, Utica-Rome-NY, El-Paso-TX, Buffalo-Niagara-Falls-NY, and Visalia-Porterville-CA .
- Honolulu-HI decreased by - 11.52% between 1995 and 2000
- Utica-Rome-NY only increased + 6.07% between 1995 and 2000
- El-Paso-TX only increased + 6.73% between 1995 and 2000
- Buffalo-Niagara-Falls-NY only increased + 6.78% between 1995 and 2000
- Visalia-Porterville-CA only increased + 7.37% between 1995 and 2000
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