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 + 58.05% (+ 9.68% yearly) from 2000 to 2005.

During the same time period, IL had + 49.22% (+ 8.20% yearly). You can see that the Chicago Naperville Joliet, Illinios MSA experienced higher appreciation in this case.

Chicago-Naperville-Joliet-IL

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2002-2005 Quarterly Detailed Appreciation