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 + 67.53% (+ 4.82% yearly) between 1993 and the end of 2006.

The state of IL had +103.46% total appreciation (+ 7.39% 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 + 53.21% faster than this MSA.

Danville-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
1997-2000 Quarterly Detailed Appreciation
1994-1997 Quarterly Detailed Appreciation


Lets look at Danville, 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 Danville, Illinios Refinance, or Danville, Illinios Reverse Mortgages, you could estimate your home value.

If you knew your Danville, Illinios home was worth $99,000.00 in 1993, you could multiply by + 67.53%, add the gain and see the home should be worth $165,850.93 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Danville-IL from 1993 to 2006:
+ 4.82%

Appreciation Comparisons

The top 5 performing MSAs from 1993 to 2006 were Salinas-CA, Fort-Lauderdale-Pompano-Beach-Deerfield-Beach-FL--(M, Bend-OR, Flagstaff-AZ-UT, and Phoenix-Mesa-Scottdale-AZ .

  1. Salinas-CA increased +247.88% from 1993 to the end of 2006
  2. Fort-Lauderdale-Pompano-Beach-Deerfield-Beach-FL--(M increased +240.91% from 1993 to the end of 2006
  3. Bend-OR increased +230.33% from 1993 to the end of 2006
  4. Flagstaff-AZ-UT increased +228.96% from 1993 to the end of 2006
  5. Phoenix-Mesa-Scottdale-AZ increased +223.72% from 1993 to the end of 2006

Zip Code in MSA: 61832 - DANVILLE, IL

MSA Pop: 82804
Zip Pop: 39127
Avg Value: 49900
County: VERMILION
Elev: 597
Region: Midwest
Lat: 40.133252
Long: -87.628512