Real Estate Appreciation for Bloomington Normal, Illinios: + 13.37%
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 + 13.37% (+ 3.34% yearly).
All of the property in IL averaged + 18.03% change in value (+ 4.51% yearly).
Bloomington-Normal-IL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1997 | 2 | 108.23 | + 1.23% | + 4.90% |
| 1997 | 3 | 109.18 | + 0.88% | + 3.51% |
| 1997 | 4 | 110.7 | + 1.39% | + 5.57% |
| 1998 | 1 | 111.17 | + 0.42% | + 1.70% |
| 1998 | 2 | 111.78 | + 0.55% | + 2.19% |
| 1998 | 3 | 113.08 | + 1.16% | + 4.65% |
| 1998 | 4 | 113.71 | + 0.56% | + 2.23% |
| 1999 | 1 | 115.34 | + 1.43% | + 5.73% |
| 1999 | 2 | 116.2 | + 0.75% | + 2.98% |
| 1999 | 3 | 116.55 | + 0.30% | + 1.20% |
| 1999 | 4 | 117.06 | + 0.44% | + 1.75% |
| 2000 | 1 | 117.64 | + 0.50% | + 1.98% |
| 2000 | 2 | 119.34 | + 1.45% | + 5.78% |
| 2000 | 3 | 120.04 | + 0.59% | + 2.35% |
| 2000 | 4 | 121.22 | + 0.98% | + 3.93% |
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 $97,000.00 in 1997, you could multiply by + 13.37%, add the gain and see the home should be worth $109,973.25 in 2000. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bloomington-Normal-IL from 1997 to 2000:
+ 3.34%
Appreciation Comparisons
The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .
- Lafayette-LA lost - 34.71% from 1985 to 1988
- Grand-Junction-CO lost - 34.70% from 1982 thru 1985
- Lafayette-LA lost - 34.44% from 1984 thru 1987
- Casper-WY lost - 34.10% from 1983 thru 1986
- Casper-WY lost - 32.07% from 1984 thru 1987
The top 5 performing MSAs from 1997 to 2000 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Santa-Rosa-Petaluma-CA, Salinas-CA, and Napa-CA .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 82.37% from 1997 to the end of 2000
- Santa-Cruz-Watsonville-CA increased + 74.02% from 1997 to the end of 2000
- Santa-Rosa-Petaluma-CA increased + 61.76% from 1997 to the end of 2000
- Salinas-CA increased + 59.12% from 1997 to the end of 2000
- Napa-CA increased + 54.99% from 1997 to the end of 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