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 + 20.65% (+ 3.44% yearly) for the period between 1999 and the end of 2004.

The state had + 43.82% total appreciation (+ 7.30% 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 +112.19% faster than this MSA.

Bloomington-Normal-IL

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2001-2004 Quarterly Detailed Appreciation


If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Bloomington, Illinios click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Bloomington Normal, Illinios.

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 $103,000.00 in 1999, you could multiply by + 20.65%, add the gain and see the home should be worth $124,271.54 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Bloomington-Normal-IL from 1999 to 2004:
+ 3.44%

Appreciation Comparisons

The top 5 performing MSAs from 1999 to 2004 were Salinas-CA, San-Diego-Carlsbad-San-Marcos-CA, Vallejo-Fairfield-CA, Napa-CA, and San-Luis-Obispo-Paso-Robles-CA .

  1. Salinas-CA increased +147.28% from 1999 to the end of 2004
  2. San-Diego-Carlsbad-San-Marcos-CA increased +142.11% from 1999 to the end of 2004
  3. Vallejo-Fairfield-CA increased +136.81% from 1999 to the end of 2004
  4. Napa-CA increased +132.64% from 1999 to the end of 2004
  5. San-Luis-Obispo-Paso-Robles-CA increased +132.13% from 1999 to the end of 2004

For a 6 year period, the top 5 performing MSAs of all time are Merced-CA, Modesto-CA, Worcester-MA, Yuba-City-CA, and San-Jose-Sunnyvale-Santa-Clara-CA .

  1. Merced-CA increased +172.57% from 2000 thru 2005
  2. Modesto-CA increased +166.23% from 2000 thru 2005
  3. Worcester-MA increased +164.50% from 1982 thru 1987
  4. Yuba-City-CA increased +164.17% from 2000 thru 2005
  5. San-Jose-Sunnyvale-Santa-Clara-CA increased +162.77% from 1976 thru 1981

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