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 + 22.53% (+ 4.51% yearly) between 1993 and the end of 1997.

The state of IL had + 18.84% total appreciation (+ 3.77% yearly). The Danville, Illinios MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 19.57% faster than the state as a whole.

Danville-IL

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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1994-1997 Quarterly Detailed Appreciation


Some of the ways peope use our appreciation data for Danville, Illinios include real estate investment .

Lets look at Rankin, Illinios, a city located in Danville, Illinios MSA.

Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Illinios check out Spec-Loan.com

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 $90,000.00 in 1993, you could multiply by + 22.53%, add the gain and see the home should be worth $110,276.35 in 1997. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Danville-IL from 1993 to 1997:
+ 4.51%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1993 to 1997 were Honolulu-HI, Riverside-San-Bernardino-Ontario-CA, Utica-Rome-NY, Binghamton-NY, and Kingston-NY .

  1. Honolulu-HI decreased by - 13.29% between 1993 and 1997
  2. Riverside-San-Bernardino-Ontario-CA decreased by - 12.51% between 1993 and 1997
  3. Utica-Rome-NY decreased by - 11.75% between 1993 and 1997
  4. Binghamton-NY decreased by - 11.36% between 1993 and 1997
  5. Kingston-NY decreased by - 7.89% between 1993 and 1997

The worst perfoming MSAs ever for a 5 year period, were Casper-WY, Lafayette-LA, Lafayette-LA, Grand-Junction-CO, and Anchorage-AK .

  1. Casper-WY lost - 42.34% from 1983 to 1987
  2. Lafayette-LA lost - 39.59% from 1983 thru 1987
  3. Lafayette-LA lost - 37.20% from 1984 thru 1988
  4. Grand-Junction-CO lost - 30.66% from 1982 thru 1986
  5. Anchorage-AK lost - 30.21% from 1985 thru 1989

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