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 + 57.52% (+ 4.79% yearly) from 1994 to 2005.

During the same time period, IL had + 86.79% (+ 7.23% yearly). From 1994 to 2005, 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
2002-2005 Quarterly Detailed Appreciation
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation


Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.

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

If you knew your Collison, Illinios home was worth $99,000.00 in 1994, you could multiply by + 57.52%, add the gain and see the home should be worth $155,945.96 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Danville-IL from 1994 to 2005:
+ 4.79%

Appreciation Comparisons

The worst perfoming MSAs ever for a 12 year period, were Midland-TX, Midland-TX, Midland-TX, Odessa-TX, and Lafayette-LA .

  1. Midland-TX lost - 29.95% from 1982 to 1993
  2. Midland-TX lost - 27.35% from 1983 thru 1994
  3. Midland-TX lost - 18.42% from 1984 thru 1995
  4. Odessa-TX lost - 17.39% from 1984 thru 1995
  5. Lafayette-LA lost - 14.77% from 1982 thru 1993

The top 5 performing MSAs from 1994 to 2005 were Salinas-CA, San-Diego-Carlsbad-San-Marcos-CA, Barnstable-Town-MA, San-Jose-Sunnyvale-Santa-Clara-CA, and Merced-CA .

  1. Salinas-CA increased +253.01% from 1994 to the end of 2005
  2. San-Diego-Carlsbad-San-Marcos-CA increased +208.52% from 1994 to the end of 2005
  3. Barnstable-Town-MA increased +205.79% from 1994 to the end of 2005
  4. San-Jose-Sunnyvale-Santa-Clara-CA increased +203.84% from 1994 to the end of 2005
  5. Merced-CA increased +203.54% from 1994 to the end of 2005

Zip Code in MSA: 61831 - COLLISON, IL

MSA Pop: 82804
Zip Pop: 180
Avg Value: 66500
County: VERMILION
Elev: 597
Region: Midwest
Lat: 40.217293
Long: -87.806624