Real Estate Appreciation for Bloomington Normal, Illinios: + 10.71%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Bloomington Normal, Illinios MSA appreciation it was + 10.71% (+ 3.57% yearly) from 2004 to 2006.
During the same time period, IL had + 23.06% (+ 7.69% yearly).
From 2004 to 2006, Illinios outperformed the individual Bloomington Normal, Illinios MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Bloomington-Normal-IL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 2006 | 1 | 144.49 | + 1.29% | + 5.16% |
| 2006 | 2 | 146.08 | + 1.10% | + 4.40% |
| 2006 | 3 | 146.95 | + 0.60% | + 2.38% |
| 2006 | 4 | 148.67 | + 1.17% | + 4.68% |
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 $110,000.00 in 2004, you could multiply by + 10.71%, add the gain and see the home should be worth $121,778.99 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Bloomington-Normal-IL from 2004 to 2006:
+ 3.57%
Appreciation Comparisons
The top 5 performing MSAs from 2004 to 2006 were Naples-Marco-Island-FL, Bakersfield-CA, Bend-OR, Phoenix-Mesa-Scottdale-AZ, and Visalia-Porterville-CA .
- Naples-Marco-Island-FL increased + 77.60% from 2004 to the end of 2006
- Bakersfield-CA increased + 77.49% from 2004 to the end of 2006
- Bend-OR increased + 75.09% from 2004 to the end of 2006
- Phoenix-Mesa-Scottdale-AZ increased + 75.00% from 2004 to the end of 2006
- Visalia-Porterville-CA increased + 73.18% from 2004 to the end of 2006
In contrast, the worst 5 MSAs from 2004 to 2006 were Saginaw-Saginaw-Township-North-MI, Kokomo-IN, Anderson-IN, Muncie-IN, and Lafayette-IN .
- Saginaw-Saginaw-Township-North-MI only increased + 0.82% between 2004 and 2006
- Kokomo-IN only increased + 0.99% between 2004 and 2006
- Anderson-IN only increased + 2.08% between 2004 and 2006
- Muncie-IN only increased + 2.23% between 2004 and 2006
- Lafayette-IN only increased + 2.44% between 2004 and 2006
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