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 + 32.46% (+ 5.41% yearly) from 2000 to 2005.

During the same time period, IL had + 49.22% (+ 8.20% yearly). From 2000 to 2005, 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

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2002-2005 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 $105,000.00 in 2000, you could multiply by + 32.46%, add the gain and see the home should be worth $139,085.89 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Danville-IL from 2000 to 2005:
+ 5.41%

Appreciation Comparisons

The worst 5 MSAs from 2000 to 2005 were Lafayette-IN, Burlington-NC, Jonesboro-AR, Jackson-TN, and Decatur-AL .

  1. Lafayette-IN only increased + 12.89% between 2000 and 2005
  2. Burlington-NC only increased + 15.79% between 2000 and 2005
  3. Jonesboro-AR only increased + 16.76% between 2000 and 2005
  4. Jackson-TN only increased + 17.68% between 2000 and 2005
  5. Decatur-AL only increased + 17.80% between 2000 and 2005

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 .

  1. Merced-CA increased +172.57% from 2000 thru 2005
  2. Modesto-CA increased +166.23% from 2000 thru 2005
  3. Worcester-MA increased +164.50% from 1982 thru 1987
  4. Yuba-City-CA increased +164.17% from 2000 thru 2005
  5. 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 .

  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

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