Appreciation for MSAs:.

The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Danville, Illinios MSA appreciation it was + 4.40% (+ 2.20% yearly) from 1994 to 1995.

During the same time period, IL had + 7.05% (+ 3.52% yearly). From 1994 to 1995, Illinios outperformed the individual Danville, Illinios MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.

Danville-IL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in East Lynn, Illinios click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Danville, Illinios.

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

If you knew your East Lynn, Illinios home was worth $89,000.00 in 1994, you could multiply by + 4.40%, add the gain and see the home should be worth $92,916.66 in 1995. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Danville-IL from 1994 to 1995:
+ 2.20%

Appreciation Comparisons

The top 5 performing MSAs from 1994 to 1995 were Salt-Lake-City-UT, Provo-Orem-UT, Logan-UT-ID, Ogden-Clearfield-UT, and Flagstaff-AZ-UT .

  1. Salt-Lake-City-UT increased + 24.08% from 1994 to the end of 1995
  2. Provo-Orem-UT increased + 23.82% from 1994 to the end of 1995
  3. Logan-UT-ID increased + 23.20% from 1994 to the end of 1995
  4. Ogden-Clearfield-UT increased + 23.19% from 1994 to the end of 1995
  5. Flagstaff-AZ-UT increased + 22.07% from 1994 to the end of 1995

In contrast, the worst 5 MSAs from 1994 to 1995 were Utica-Rome-NY, Binghamton-NY, Riverside-San-Bernardino-Ontario-CA, Kingston-NY, and Ithaca-NY .

  1. Utica-Rome-NY decreased by - 9.64% between 1994 and 1995
  2. Binghamton-NY decreased by - 8.46% between 1994 and 1995
  3. Riverside-San-Bernardino-Ontario-CA decreased by - 8.30% between 1994 and 1995
  4. Kingston-NY decreased by - 7.85% between 1994 and 1995
  5. Ithaca-NY decreased by - 7.18% between 1994 and 1995

Zip Code in MSA: 60932 - EAST LYNN, IL

MSA Pop: 82804
Zip Pop: 135
Avg Value: 37200
County: VERMILION
Elev: 597
Region: Midwest
Lat: 40.21973
Long: -87.593791