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 + 66.14% (+ 9.45% yearly) from 2000 to 2006.

During the same time period, IL had + 55.74% (+ 7.96% 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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2003-2006 Quarterly Detailed Appreciation
2000-2003 Quarterly Detailed Appreciation