Real Estate Appreciation for Bloomington Normal, Illinios: + 10.39%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Bloomington Normal, Illinios MSA appreciated + 10.39% (+ 3.46% yearly) between 2003 and the end of 2005.
The state of IL had + 25.82% total appreciation (+ 8.61% yearly).
The state average for Illinios was higher than the real estate appreciation in the Bloomington Normal, Illinios MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated +148.45% faster than this MSA.
Bloomington-Normal-IL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2003 | 2 | 129.92 | + 0.54% | + 2.17% |
| 2003 | 3 | 131.07 | + 0.89% | + 3.54% |
| 2003 | 4 | 133.13 | + 1.57% | + 6.29% |
| 2004 | 1 | 134.29 | + 0.87% | + 3.49% |
| 2004 | 2 | 135.47 | + 0.88% | + 3.51% |
| 2004 | 3 | 136.54 | + 0.79% | + 3.16% |
| 2004 | 4 | 139.16 | + 1.92% | + 7.68% |
| 2005 | 1 | 138.72 | - 0.32% | - 1.26% |
| 2005 | 2 | 141.88 | + 2.28% | + 9.11% |
| 2005 | 3 | 141.94 | + 0.04% | + 0.17% |
| 2005 | 4 | 142.65 | + 0.50% | + 2.00% |
There are a lot of ways to use the appreciation data for Bloomington Normal, Illinios .
Lets look at Bloomington, Illinios, a city located in Bloomington Normal, Illinios MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Bloomington, 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 $108,000.00 in 2003, you could multiply by + 10.39%, add the gain and see the home should be worth $119,224.58 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bloomington-Normal-IL from 2003 to 2005:
+ 3.46%
Appreciation Comparisons
The top 5 performing MSAs from 2003 to 2005 were Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 to the end of 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 to the end of 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 to the end of 2005
- Madera-CA increased + 85.39% from 2003 to the end of 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 to the end of 2005
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