Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Chicago Naperville Joliet, Illinios MSA appreciation it was + 12.45% (+ 6.22% yearly) from 2000 to 2001.

During the same time period, IL had + 10.78% (+ 5.39% yearly). You can see that the Chicago Naperville Joliet, Illinios MSA experienced higher appreciation in this case.

Chicago-Naperville-Joliet-IL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2000 2 125.44 + 1.85% + 7.41%
2000 3 127.82 + 1.90% + 7.59%
2000 4 129.51 + 1.32% + 5.29%
2001 1 131.4 + 1.46% + 5.84%
2001 2 133.91 + 1.91% + 7.64%
2001 3 136.85 + 2.20% + 8.78%
2001 4 138.49 + 1.20% + 4.79%