Real Estate Appreciation for Danville, Illinios: + 3.63%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Danville, Illinios: + 3.63%
- State of IL: + 5.14%
- Difference: - 29.41%
Danville-IL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
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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 $93,000.00 in 1996, you could multiply by + 3.63%, add the gain and see the home should be worth $96,377.70 in 1997. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Danville-IL from 1996 to 1997:
+ 1.82%
Appreciation Comparisons
The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .
- Honolulu-HI lost - 49.13% from 1980 to 1981
- Casper-WY lost - 27.70% from 1986 thru 1987
- Grand-Junction-CO lost - 26.25% from 1984 thru 1985
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
The top 5 performing MSAs from 1996 to 1997 were San-Jose-Sunnyvale-Santa-Clara-CA, Bay-City-MI, Jackson-MI, Monroe-MI, and Muskegon-North-Shores-MI .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 18.65% from 1996 to the end of 1997
- Bay-City-MI increased + 14.57% from 1996 to the end of 1997
- Jackson-MI increased + 14.25% from 1996 to the end of 1997
- Monroe-MI increased + 14.01% from 1996 to the end of 1997
- Muskegon-North-Shores-MI increased + 13.83% from 1996 to the end of 1997
Zip Code in MSA: 60932 - EAST LYNN, IL
MSA Pop: 82804Zip Pop: 135
Avg Value: 37200
County: VERMILION
Elev: 597
Region: Midwest
Lat: 40.21973
Long: -87.593791