Appreciation for MSAs:.

Before we disect the appreciation within the MSA for this period, lets consider how Danville, Illinios did compared to the state as a whole.

The Danville, Illinios MSA property value change was + 16.75% (+ 8.38% yearly).

All of the property in IL averaged + 6.57% change in value (+ 3.29% yearly).

Danville-IL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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 East Lynn, 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 East Lynn, Illinios check out Spec-Loan.com

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 $91,000.00 in 1995, you could multiply by + 16.75%, add the gain and see the home should be worth $106,242.50 in 1996. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Danville-IL from 1995 to 1996:
+ 8.38%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1995 to 1996 were Honolulu-HI, Cumberland-MD-WV, Utica-Rome-NY, Binghamton-NY, and Madera-CA .

  1. Honolulu-HI decreased by - 7.92% between 1995 and 1996
  2. Cumberland-MD-WV decreased by - 4.44% between 1995 and 1996
  3. Utica-Rome-NY decreased by - 4.03% between 1995 and 1996
  4. Binghamton-NY decreased by - 3.46% between 1995 and 1996
  5. Madera-CA decreased by - 3.21% between 1995 and 1996

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

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