Appreciation for MSAs:.

The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.

In this case Bloomington Normal, Illinios MSA appreciated + 5.10% (+ 2.55% yearly) for the period between 1999 and the end of 2000.

The state had + 10.43% total appreciation (+ 5.22% yearly). The state average for Illinios was higher than the real estate appreciation in the Bloomington Normal, Illinios MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated +104.63% faster than this MSA.

Bloomington-Normal-IL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


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 $99,000.00 in 1999, you could multiply by + 5.10%, add the gain and see the home should be worth $104,046.99 in 2000. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Bloomington-Normal-IL from 1999 to 2000:
+ 2.55%

Appreciation Comparisons

The top 5 performing MSAs from 1999 to 2000 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Santa-Rosa-Petaluma-CA, Salinas-CA, and Napa-CA .

  1. San-Jose-Sunnyvale-Santa-Clara-CA increased + 44.43% from 1999 to the end of 2000
  2. Santa-Cruz-Watsonville-CA increased + 41.93% from 1999 to the end of 2000
  3. Santa-Rosa-Petaluma-CA increased + 41.14% from 1999 to the end of 2000
  4. Salinas-CA increased + 39.42% from 1999 to the end of 2000
  5. Napa-CA increased + 33.84% from 1999 to the end of 2000

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 .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005

Zip Code in MSA: 61701 - BLOOMINGTON, IL

MSA Pop: 156879
Zip Pop: 37240
Avg Value: 87400
County: MCLEAN
Elev: 829
Region: Midwest
Lat: 40.47558
Long: -89.00472