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 + 25.54% (+ 6.39% yearly).

All of the property in IL averaged + 13.62% change in value (+ 3.41% 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%
1998 1 121.76 + 2.09% + 8.35%
1998 2 121.73 - 0.02% - 0.10%
1998 3 121.97 + 0.20% + 0.79%
1998 4 125.54 + 2.93% + 11.71%


Lets look at Rankin, Illinios, a city located in Danville, Illinios MSA.

Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com

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

If you knew your Rankin, Illinios home was worth $93,000.00 in 1995, you could multiply by + 25.54%, add the gain and see the home should be worth $116,752.20 in 1998. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Danville-IL from 1995 to 1998:
+ 6.39%

Appreciation Comparisons

The top 5 performing MSAs from 1995 to 1998 were San-Jose-Sunnyvale-Santa-Clara-CA, Bay-City-MI, Jackson-MI, Battle-Creek-MI, and Ogden-Clearfield-UT .

  1. San-Jose-Sunnyvale-Santa-Clara-CA increased + 38.22% from 1995 to the end of 1998
  2. Bay-City-MI increased + 32.31% from 1995 to the end of 1998
  3. Jackson-MI increased + 31.57% from 1995 to the end of 1998
  4. Battle-Creek-MI increased + 30.77% from 1995 to the end of 1998
  5. Ogden-Clearfield-UT increased + 30.59% from 1995 to the end of 1998

For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .

  1. Bakersfield-CA increased +116.36% from 2002 thru 2005
  2. Fresno-CA increased +116.09% from 2002 thru 2005
  3. Madera-CA increased +114.32% from 2002 thru 2005
  4. Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
  5. Bakersfield-CA increased +110.89% from 2003 thru 2006

Zip Code in MSA: 60960 - RANKIN, IL

MSA Pop: 82804
Zip Pop: 1108
Avg Value: 52500
County: VERMILION
Elev: 597
Region: Midwest
Lat: 40.463682
Long: -87.896365