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 + 9.85% (+ 3.28% yearly) for the period between 2001 and the end of 2003.

The state had + 18.17% total appreciation (+ 6.06% 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 + 84.55% faster than this MSA.

Danville-IL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%


If you need information on Hard Money Rehab Loans in Hoopeston, Illinios look at Spec-Loan.com

If you were going to do a Hoopeston, Illinios Refinance, or Hoopeston, Illinios Reverse Mortgages, you could estimate your home value.

If you knew your Hoopeston, Illinios home was worth $104,000.00 in 2001, you could multiply by + 9.85%, add the gain and see the home should be worth $114,241.10 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Danville-IL from 2001 to 2003:
+ 3.28%

Appreciation Comparisons

The top 5 performing MSAs from 2001 to 2003 were Yuba-City-CA, Chico-CA, Fresno-CA, Redding-CA, and Madera-CA .

  1. Yuba-City-CA increased + 53.06% from 2001 to the end of 2003
  2. Chico-CA increased + 50.54% from 2001 to the end of 2003
  3. Fresno-CA increased + 50.27% from 2001 to the end of 2003
  4. Redding-CA increased + 49.39% from 2001 to the end of 2003
  5. Madera-CA increased + 48.53% from 2001 to the end of 2003

In contrast, the worst 5 MSAs from 2001 to 2003 were Ogden-Clearfield-UT, Logan-UT-ID, Provo-Orem-UT, Austin-Round-Rock-TX, and Jackson-TN .

  1. Ogden-Clearfield-UT only increased + 2.75% between 2001 and 2003
  2. Logan-UT-ID only increased + 2.82% between 2001 and 2003
  3. Provo-Orem-UT only increased + 2.87% between 2001 and 2003
  4. Austin-Round-Rock-TX only increased + 3.75% between 2001 and 2003
  5. Jackson-TN only increased + 3.85% between 2001 and 2003

Zip Code in MSA: 60942 - HOOPESTON, IL

MSA Pop: 82804
Zip Pop: 6889
Avg Value: 50700
County: VERMILION
Elev: 597
Region: Midwest
Lat: 40.466604
Long: -87.669959