Real Estate Appreciation for Bloomington Normal, Illinios: + 12.64%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Bloomington Normal, Illinios: + 12.64%
- State of IL: + 20.69%
- Difference: - 38.90%
Bloomington-Normal-IL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2001 | 1 | 122.63 | + 1.16% | + 4.65% |
| 2001 | 2 | 123.36 | + 0.60% | + 2.38% |
| 2001 | 3 | 124.54 | + 0.96% | + 3.83% |
| 2001 | 4 | 125.22 | + 0.55% | + 2.18% |
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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 $99,000.00 in 1998, you could multiply by + 12.64%, add the gain and see the home should be worth $111,511.92 in 2001. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bloomington-Normal-IL from 1998 to 2001:
+ 3.16%
Appreciation Comparisons
Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.
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