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 + 6.03% (+ 3.02% yearly).

All of the property in IL averaged + 5.89% change in value (+ 2.94% yearly).

Danville-IL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in East Lynn, Illinios click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Danville, Illinios.

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 $95,000.00 in 1997, you could multiply by + 6.03%, add the gain and see the home should be worth $100,728.89 in 1998. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Danville-IL from 1997 to 1998:
+ 3.02%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Lafayette-LA lost - 25.36% from 1986 thru 1987
  2. 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