Real Estate Appreciation for Danville, Illinios: + 18.09%
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: + 18.09%
- State of IL: + 36.37%
- Difference: - 50.26%
Danville-IL
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2000-2003 Quarterly Detailed Appreciation
Some of the ways peope use our appreciation data for Danville, Illinios include real estate investment .
Lets look at Rossville, Illinios, a city located in Danville, Illinios MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Illinios check out Spec-Loan.com
If you were going to do a Rossville, Illinios Refinance, or Rossville, Illinios Reverse Mortgages, you could estimate your home value.
If you knew your Rossville, Illinios home was worth $101,000.00 in 1998, you could multiply by + 18.09%, add the gain and see the home should be worth $119,273.90 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Danville-IL from 1998 to 2003:
+ 3.02%
Appreciation Comparisons
The worst 5 MSAs from 1998 to 2003 were Ogden-Clearfield-UT, Fayetteville-NC, Columbus-IN, Wenatchee-WA, and Provo-Orem-UT .
- Ogden-Clearfield-UT only increased + 8.97% between 1998 and 2003
- Fayetteville-NC only increased + 9.62% between 1998 and 2003
- Columbus-IN only increased + 11.16% between 1998 and 2003
- Wenatchee-WA only increased + 11.18% between 1998 and 2003
- Provo-Orem-UT only increased + 11.70% between 1998 and 2003
For a 6 year period, the top 5 performing MSAs of all time are Merced-CA, Modesto-CA, Worcester-MA, Yuba-City-CA, and San-Jose-Sunnyvale-Santa-Clara-CA .
- Merced-CA increased +172.57% from 2000 thru 2005
- Modesto-CA increased +166.23% from 2000 thru 2005
- Worcester-MA increased +164.50% from 1982 thru 1987
- Yuba-City-CA increased +164.17% from 2000 thru 2005
- San-Jose-Sunnyvale-Santa-Clara-CA increased +162.77% from 1976 thru 1981
The worst perfoming MSAs ever for a 6 year period, were Lafayette-LA, Lafayette-LA, Casper-WY, Anchorage-AK, and Midland-TX .
- Lafayette-LA lost - 42.13% from 1983 to 1988
- Lafayette-LA lost - 37.78% from 1982 thru 1987
- Casper-WY lost - 37.50% from 1983 thru 1988
- Anchorage-AK lost - 33.17% from 1984 thru 1989
- Midland-TX lost - 31.15% from 1982 thru 1987
Zip Code in MSA: 60963 - ROSSVILLE, IL
MSA Pop: 82804Zip Pop: 1686
Avg Value: 61500
County: VERMILION
Elev: 597
Region: Midwest
Lat: 40.378784
Long: -87.665411