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 + 39.32% (+ 4.37% yearly) between 1993 and the end of 2001.

The state of IL had + 44.71% total appreciation (+ 4.97% 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 + 13.73% faster than this MSA.

Danville-IL

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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1998-2001 Quarterly Detailed Appreciation
1995-1998 Quarterly Detailed Appreciation


There are a lot of ways to use the appreciation data for Danville, Illinios .

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

Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Armstrong, Illinios check out Spec-Loan.com

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

If you knew your Armstrong, Illinios home was worth $94,000.00 in 1993, you could multiply by + 39.32%, add the gain and see the home should be worth $130,956.85 in 2001. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Danville-IL from 1993 to 2001:
+ 4.37%

Appreciation Comparisons

The worst perfoming MSAs ever for a 9 year period, were Midland-TX, Midland-TX, Lafayette-LA, Casper-WY, and Midland-TX .

  1. Midland-TX lost - 34.76% from 1982 to 1990
  2. Midland-TX lost - 32.77% from 1983 thru 1991
  3. Lafayette-LA lost - 26.59% from 1982 thru 1990
  4. Casper-WY lost - 26.42% from 1983 thru 1991
  5. Midland-TX lost - 25.57% from 1984 thru 1992

The top 5 performing MSAs from 1993 to 2001 were Boulder-CO, Denver-Aurora-CO, Fort-Collins-Loveland-CO, San-Jose-Sunnyvale-Santa-Clara-CA, and Greeley-CO .

  1. Boulder-CO increased +112.54% from 1993 to the end of 2001
  2. Denver-Aurora-CO increased +109.23% from 1993 to the end of 2001
  3. Fort-Collins-Loveland-CO increased +101.64% from 1993 to the end of 2001
  4. San-Jose-Sunnyvale-Santa-Clara-CA increased + 97.50% from 1993 to the end of 2001
  5. Greeley-CO increased + 97.25% from 1993 to the end of 2001

Zip Code in MSA: 61812 - ARMSTRONG, IL

MSA Pop: 82804
Zip Pop: 420
Avg Value: 61400
County: VERMILION
Elev: 597
Region: Midwest
Lat: 40.218652
Long: -87.895671