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 + 2.35% (+ 0.78% yearly).

All of the property in IL averaged + 10.75% change in value (+ 3.58% 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%
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%


If you need information on Hard Money Rehab Loans in Hoopeston, Illinios look at Spec-Loan.com

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 $96,000.00 in 1997, you could multiply by + 2.35%, add the gain and see the home should be worth $98,254.05 in 1999. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Danville-IL from 1997 to 1999:
+ 0.78%

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 1997 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Santa-Rosa-Petaluma-CA, and Napa-CA .

  1. San-Jose-Sunnyvale-Santa-Clara-CA increased + 41.42% from 1997 to the end of 1999
  2. Santa-Cruz-Watsonville-CA increased + 41.11% from 1997 to the end of 1999
  3. Barnstable-Town-MA increased + 32.18% from 1997 to the end of 1999
  4. Santa-Rosa-Petaluma-CA increased + 29.26% from 1997 to the end of 1999
  5. Napa-CA increased + 28.79% from 1997 to the end of 1999

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