Real Estate Appreciation for Danville, Illinios: + 10.16%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Danville, Illinios MSA appreciated + 10.16% (+ 3.39% yearly) between 1993 and the end of 1995.
The state of IL had + 11.71% total appreciation (+ 3.90% yearly).
The state average for Illinios was higher than the real estate appreciation in the Danville, Illinios MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated + 15.27% faster than this MSA.
Danville-IL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 98.33 | + 1.02% | + 4.07% |
| 1993 | 3 | 98.88 | + 0.56% | + 2.24% |
| 1993 | 4 | 98.97 | + 0.09% | + 0.36% |
| 1994 | 1 | 102.71 | + 3.78% | + 15.12% |
| 1994 | 2 | 101.36 | - 1.31% | - 5.26% |
| 1994 | 3 | 100.69 | - 0.66% | - 2.64% |
| 1994 | 4 | 102.78 | + 2.08% | + 8.30% |
| 1995 | 1 | 100 | - 2.70% | - 10.82% |
| 1995 | 2 | 107.21 | + 7.21% | + 28.84% |
| 1995 | 3 | 102.85 | - 4.07% | - 16.27% |
| 1995 | 4 | 107.23 | + 4.26% | + 17.03% |
Lets look at Hoopeston, Illinios, a city located in Danville, Illinios MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com
If you were going to do a Hoopeston, Illinios Refinance, or Hoopeston, Illinios Reverse Mortgages, you could estimate your home value.
If you knew your Hoopeston, Illinios home was worth $88,000.00 in 1993, you could multiply by + 10.16%, add the gain and see the home should be worth $96,941.03 in 1995. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Danville-IL from 1993 to 1995:
+ 3.39%
Appreciation Comparisons
The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .
- Grand-Junction-CO lost - 34.69% from 1983 to 1985
- Lafayette-LA lost - 31.84% from 1985 thru 1987
- Honolulu-HI lost - 30.81% from 1979 thru 1981
- Fairbanks-AK lost - 29.16% from 1987 thru 1989
- Lafayette-LA lost - 28.50% from 1986 thru 1988
The top 5 performing MSAs from 1993 to 1995 were Salt-Lake-City-UT, Provo-Orem-UT, Ogden-Clearfield-UT, Logan-UT-ID, and Fort-Collins-Loveland-CO .
- Salt-Lake-City-UT increased + 44.61% from 1993 to the end of 1995
- Provo-Orem-UT increased + 44.36% from 1993 to the end of 1995
- Ogden-Clearfield-UT increased + 40.83% from 1993 to the end of 1995
- Logan-UT-ID increased + 36.47% from 1993 to the end of 1995
- Fort-Collins-Loveland-CO increased + 35.31% from 1993 to the end of 1995
Zip Code in MSA: 60942 - HOOPESTON, IL
MSA Pop: 82804Zip Pop: 6889
Avg Value: 50700
County: VERMILION
Elev: 597
Region: Midwest
Lat: 40.466604
Long: -87.669959