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 + 8.56% (+ 2.85% yearly) for the period between 2001 and the end of 2003.

The state had + 18.17% total appreciation (+ 6.06% 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 +112.24% faster than this MSA.

Bloomington-Normal-IL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2001 2 123.36 + 0.60% + 2.38%
2001 3 124.54 + 0.96% + 3.83%
2001 4 125.22 + 0.55% + 2.18%
2002 1 125.95 + 0.58% + 2.33%
2002 2 126.86 + 0.72% + 2.89%
2002 3 127.92 + 0.84% + 3.34%
2002 4 128.96 + 0.81% + 3.25%
2003 1 129.22 + 0.20% + 0.81%
2003 2 129.92 + 0.54% + 2.17%
2003 3 131.07 + 0.89% + 3.54%
2003 4 133.13 + 1.57% + 6.29%


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 $104,000.00 in 2001, you could multiply by + 8.56%, add the gain and see the home should be worth $112,904.84 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Bloomington-Normal-IL from 2001 to 2003:
+ 2.85%

Appreciation Comparisons

The top 5 performing MSAs from 2001 to 2003 were Yuba-City-CA, Chico-CA, Fresno-CA, Redding-CA, and Madera-CA .

  1. Yuba-City-CA increased + 53.06% from 2001 to the end of 2003
  2. Chico-CA increased + 50.54% from 2001 to the end of 2003
  3. Fresno-CA increased + 50.27% from 2001 to the end of 2003
  4. Redding-CA increased + 49.39% from 2001 to the end of 2003
  5. Madera-CA increased + 48.53% from 2001 to the end of 2003

For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .

  1. Bakersfield-CA increased + 93.72% from 2003 thru 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
  4. Madera-CA increased + 85.39% from 2003 thru 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 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