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 + 19.94% (+ 4.99% yearly) between 1993 and the end of 1996.

The state of IL had + 14.83% total appreciation (+ 3.71% yearly). The Danville, Illinios MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 34.45% faster than the state as a whole.

Danville-IL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
1996 1 115.09 + 7.33% + 29.32%
1996 2 113.57 - 1.32% - 5.28%
1996 3 113.56 - 0.01% - 0.04%
1996 4 116.75 + 2.81% + 11.24%


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If you were going to do a Rankin, Illinios Refinance, or Rankin, Illinios Reverse Mortgages, you could estimate your home value.

If you knew your Rankin, Illinios home was worth $89,000.00 in 1993, you could multiply by + 19.94%, add the gain and see the home should be worth $106,746.97 in 1996. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Danville-IL from 1993 to 1996:
+ 4.99%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Casper-WY lost - 34.10% from 1983 thru 1986
  2. Casper-WY lost - 32.07% from 1984 thru 1987

Zip Code in MSA: 60960 - RANKIN, IL

MSA Pop: 82804
Zip Pop: 1108
Avg Value: 52500
County: VERMILION
Elev: 597
Region: Midwest
Lat: 40.463682
Long: -87.896365