Real Estate Appreciation for Danville, Illinios: + 5.29%
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: + 5.29%
- State of IL: + 13.29%
- Difference: - 60.17%
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% |
| 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% |
| 1999 | 1 | 127.08 | + 1.23% | + 4.91% |
| 1999 | 2 | 131 | + 3.08% | + 12.34% |
| 1999 | 3 | 128.95 | - 1.56% | - 6.26% |
| 1999 | 4 | 121.18 | - 6.03% | - 24.10% |
There are a lot of ways to use the appreciation data for Danville, Illinios .
Lets look at Rankin, 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 Rankin, Illinios 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 $95,000.00 in 1996, you could multiply by + 5.29%, add the gain and see the home should be worth $100,026.94 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Danville-IL from 1996 to 1999:
+ 1.32%
Appreciation Comparisons
The top 5 performing MSAs from 1996 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Denver-Aurora-CO, and Ann-Arbor-MI .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 52.03% from 1996 to the end of 1999
- Santa-Cruz-Watsonville-CA increased + 42.74% from 1996 to the end of 1999
- Barnstable-Town-MA increased + 33.97% from 1996 to the end of 1999
- Denver-Aurora-CO increased + 33.24% from 1996 to the end of 1999
- Ann-Arbor-MI increased + 31.04% from 1996 to the end of 1999
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 .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
Zip Code in MSA: 60960 - RANKIN, IL
MSA Pop: 82804Zip Pop: 1108
Avg Value: 52500
County: VERMILION
Elev: 597
Region: Midwest
Lat: 40.463682
Long: -87.896365