Appreciation for MSAs:.

The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.

In this case Danville, Illinios MSA appreciated + 2.75% (+ 1.38% yearly) for the period between 1999 and the end of 2000.

The state had + 10.43% total appreciation (+ 5.22% yearly). The state average for Illinios was higher than the real estate appreciation in the Danville, Illinios MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated +278.77% faster than this MSA.

Danville-IL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1999 2 131 + 3.08% + 12.34%
1999 3 128.95 - 1.56% - 6.26%
1999 4 121.18 - 6.03% - 24.10%
2000 1 122.14 + 0.79% + 3.17%
2000 2 126.2 + 3.32% + 13.30%
2000 3 130.46 + 3.38% + 13.50%
2000 4 130.58 + 0.09% + 0.37%


There are a lot of ways to use the appreciation data for Danville, Illinios .

Lets look at East Lynn, 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 East Lynn, Illinios check out Spec-Loan.com

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 $99,000.00 in 1999, you could multiply by + 2.75%, add the gain and see the home should be worth $101,726.63 in 2000. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Danville-IL from 1999 to 2000:
+ 1.38%

Appreciation Comparisons

The top 5 performing MSAs from 1999 to 2000 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Santa-Rosa-Petaluma-CA, Salinas-CA, and Napa-CA .

  1. San-Jose-Sunnyvale-Santa-Clara-CA increased + 44.43% from 1999 to the end of 2000
  2. Santa-Cruz-Watsonville-CA increased + 41.93% from 1999 to the end of 2000
  3. Santa-Rosa-Petaluma-CA increased + 41.14% from 1999 to the end of 2000
  4. Salinas-CA increased + 39.42% from 1999 to the end of 2000
  5. Napa-CA increased + 33.84% from 1999 to the end of 2000

In contrast, the worst 5 MSAs from 1999 to 2000 were Midland-TX, Coeur-d'Alene-ID, Wenatchee-WA, Lewiston-ID-WA, and Lawton-OK .

  1. Midland-TX decreased by - 2.50% between 1999 and 2000
  2. Coeur-d'Alene-ID decreased by - 2.19% between 1999 and 2000
  3. Wenatchee-WA decreased by - 1.05% between 1999 and 2000
  4. Lewiston-ID-WA decreased by - 0.85% between 1999 and 2000
  5. Lawton-OK decreased by - 0.79% between 1999 and 2000

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