Real Estate Appreciation for Danville, Illinios: + 17.73%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Danville, Illinios MSA appreciation it was + 17.73% (+ 4.43% yearly) from 2000 to 2003.
During the same time period, IL had + 25.17% (+ 6.29% yearly).
From 2000 to 2003, Illinios outperformed the individual Danville, Illinios MSA. Do your research to try and determine why this MSA did not perform as well as the rest of the state.
Danville-IL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2000 | 2 | 126.2 | + 3.32% | + 13.30% |
| 2000 | 3 | 130.46 | + 3.38% | + 13.50% |
| 2000 | 4 | 130.58 | + 0.09% | + 0.37% |
| 2001 | 1 | 130.9 | + 0.25% | + 0.98% |
| 2001 | 2 | 133.87 | + 2.27% | + 9.08% |
| 2001 | 3 | 133.9 | + 0.02% | + 0.09% |
| 2001 | 4 | 135.61 | + 1.28% | + 5.11% |
| 2002 | 1 | 136.65 | + 0.77% | + 3.07% |
| 2002 | 2 | 137.93 | + 0.94% | + 3.75% |
| 2002 | 3 | 139.47 | + 1.12% | + 4.47% |
| 2002 | 4 | 141.57 | + 1.51% | + 6.02% |
| 2003 | 1 | 140.94 | - 0.45% | - 1.78% |
| 2003 | 2 | 142.19 | + 0.89% | + 3.55% |
| 2003 | 3 | 142.47 | + 0.20% | + 0.79% |
| 2003 | 4 | 143.79 | + 0.93% | + 3.71% |
There are a lot of ways to use the appreciation data for Danville, Illinios .
Lets look at Rankin, 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 Rankin, Illinios check out Spec-Loan.com
If you were going to do a Rankin, Illinios Refinance, or Rankin, Illinios Reverse Mortgages, you could estimate your home value.
If you knew your Rankin, Illinios home was worth $103,000.00 in 2000, you could multiply by + 17.73%, add the gain and see the home should be worth $121,257.33 in 2003. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Danville-IL from 2000 to 2003:
+ 4.43%
Appreciation Comparisons
The top 5 performing MSAs from 2000 to 2003 were Yuba-City-CA, Barnstable-Town-MA, Modesto-CA, San-Luis-Obispo-Paso-Robles-CA, and San-Diego-Carlsbad-San-Marcos-CA .
- Yuba-City-CA increased + 71.27% from 2000 to the end of 2003
- Barnstable-Town-MA increased + 70.88% from 2000 to the end of 2003
- Modesto-CA increased + 69.30% from 2000 to the end of 2003
- San-Luis-Obispo-Paso-Robles-CA increased + 67.94% from 2000 to the end of 2003
- San-Diego-Carlsbad-San-Marcos-CA increased + 67.84% from 2000 to the end of 2003
Zip Code in MSA: 60960 - RANKIN, IL
MSA Pop: 82804Zip Pop: 1108
Avg Value: 52500
County: VERMILION
Elev: 597
Region: Midwest
Lat: 40.463682
Long: -87.896365