Real Estate Appreciation for Danville, Illinios: + 13.67%
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 + 13.67% (+ 4.56% yearly) from 1994 to 1996.
During the same time period, IL had + 10.04% (+ 3.35% yearly).
You can see that the Danville, Illinios MSA experienced higher appreciation in this case.
Danville-IL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
There are a lot of ways to use the appreciation data for Danville, Illinios .
Lets look at Hoopeston, 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 Hoopeston, Illinios check out Spec-Loan.com
If you were going to do a Hoopeston, Illinios Refinance, or Hoopeston, Illinios Reverse Mortgages, you could estimate your home value.
If you knew your Hoopeston, Illinios home was worth $90,000.00 in 1994, you could multiply by + 13.67%, add the gain and see the home should be worth $102,302.60 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Danville-IL from 1994 to 1996:
+ 4.56%
Appreciation Comparisons
For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 thru 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
- Madera-CA increased + 85.39% from 2003 thru 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005
Zip Code in MSA: 60942 - HOOPESTON, IL
MSA Pop: 82804Zip Pop: 6889
Avg Value: 50700
County: VERMILION
Elev: 597
Region: Midwest
Lat: 40.466604
Long: -87.669959