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 + 37.83% (+ 4.20% yearly) from 1994 to 2002.

During the same time period, IL had + 46.96% (+ 5.22% yearly). From 1994 to 2002, 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

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
Please Select One
1999-2002 Quarterly Detailed Appreciation
1996-1999 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 $96,000.00 in 1994, you could multiply by + 37.83%, add the gain and see the home should be worth $132,321.29 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Danville-IL from 1994 to 2002:
+ 4.20%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1994 to 2002 were Honolulu-HI, Utica-Rome-NY, Binghamton-NY, Buffalo-Niagara-Falls-NY, and Rochester-NY .

  1. Honolulu-HI only increased + 0.38% between 1994 and 2002
  2. Utica-Rome-NY only increased + 11.21% between 1994 and 2002
  3. Binghamton-NY only increased + 12.32% between 1994 and 2002
  4. Buffalo-Niagara-Falls-NY only increased + 13.28% between 1994 and 2002
  5. Rochester-NY only increased + 13.43% between 1994 and 2002

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

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