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 + 19.27% (+ 6.42% yearly).

All of the property in IL averaged + 10.29% change in value (+ 3.43% 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%
1997 1 118.4 + 1.41% + 5.65%
1997 2 116.71 - 1.43% - 5.71%
1997 3 117.29 + 0.50% + 1.99%
1997 4 119.27 + 1.69% + 6.75%


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 Hoopeston, Illinios Refinance, or Hoopeston, Illinios Reverse Mortgages, you could estimate your home value.

If you knew your Hoopeston, Illinios home was worth $92,000.00 in 1995, you could multiply by + 19.27%, add the gain and see the home should be worth $109,728.40 in 1997. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Danville-IL from 1995 to 1997:
+ 6.42%

Appreciation Comparisons

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. Lafayette-LA lost - 28.50% from 1986 thru 1988

The top 5 performing MSAs from 1995 to 1997 were Bay-City-MI, Ogden-Clearfield-UT, Salt-Lake-City-UT, Battle-Creek-MI, and Portland-Vancouver-Beaverton-OR-WA .

  1. Bay-City-MI increased + 25.65% from 1995 to the end of 1997
  2. Ogden-Clearfield-UT increased + 25.40% from 1995 to the end of 1997
  3. Salt-Lake-City-UT increased + 24.43% from 1995 to the end of 1997
  4. Battle-Creek-MI increased + 24.38% from 1995 to the end of 1997
  5. Portland-Vancouver-Beaverton-OR-WA increased + 23.69% from 1995 to the end of 1997

Zip Code in MSA: 60942 - HOOPESTON, IL

MSA Pop: 82804
Zip Pop: 6889
Avg Value: 50700
County: VERMILION
Elev: 597
Region: Midwest
Lat: 40.466604
Long: -87.669959