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 + 23.36% (+ 3.89% yearly) for the period between 1999 and the end of 2004.

The state had + 43.82% total appreciation (+ 7.30% 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 + 87.56% faster than this MSA.

Danville-IL

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2001-2004 Quarterly Detailed Appreciation


Lets look at Rossville, Illinios, a city located in Danville, Illinios MSA.

Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans 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 $103,000.00 in 1999, you could multiply by + 23.36%, add the gain and see the home should be worth $127,064.13 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Danville-IL from 1999 to 2004:
+ 3.89%

Appreciation Comparisons

The worst perfoming MSAs ever for a 6 year period, were Lafayette-LA, Lafayette-LA, Casper-WY, Anchorage-AK, and Midland-TX .

  1. Lafayette-LA lost - 42.13% from 1983 to 1988
  2. Lafayette-LA lost - 37.78% from 1982 thru 1987
  3. Casper-WY lost - 37.50% from 1983 thru 1988
  4. Anchorage-AK lost - 33.17% from 1984 thru 1989
  5. Midland-TX lost - 31.15% from 1982 thru 1987

The top 5 performing MSAs from 1999 to 2004 were Salinas-CA, San-Diego-Carlsbad-San-Marcos-CA, Vallejo-Fairfield-CA, Napa-CA, and San-Luis-Obispo-Paso-Robles-CA .

  1. Salinas-CA increased +147.28% from 1999 to the end of 2004
  2. San-Diego-Carlsbad-San-Marcos-CA increased +142.11% from 1999 to the end of 2004
  3. Vallejo-Fairfield-CA increased +136.81% from 1999 to the end of 2004
  4. Napa-CA increased +132.64% from 1999 to the end of 2004
  5. San-Luis-Obispo-Paso-Robles-CA increased +132.13% from 1999 to the end of 2004

Zip Code in MSA: 60963 - ROSSVILLE, IL

MSA Pop: 82804
Zip Pop: 1686
Avg Value: 61500
County: VERMILION
Elev: 597
Region: Midwest
Lat: 40.378784
Long: -87.665411