Appreciation for MSAs:.

Let's start by comparing Danville, Illinios to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.

We have appreciattion of + 14.72% (+ 4.91% yearly) for the Danville, Illinios MSA.

The entire state of IL had + 20.74% appreciation (+ 6.91% yearly). The state average for Illinios was higher than the real estate appreciation in the Danville, Illinios MSA. This means the conditions in the MSA for real estate investment were worse by + 40.85%.

Danville-IL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
2004 1 145.3 + 1.05% + 4.20%
2004 2 147.4 + 1.45% + 5.78%
2004 3 144.35 - 2.07% - 8.28%
2004 4 156.77 + 8.60% + 34.42%


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

Lets look at Hoopeston, 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 Hoopeston, Illinios check out 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 $106,000.00 in 2002, you could multiply by + 14.72%, add the gain and see the home should be worth $121,607.17 in 2004. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Danville-IL from 2002 to 2004:
+ 4.91%

Appreciation Comparisons

The top 5 performing MSAs from 2002 to 2004 were Riverside-San-Bernardino-Ontario-CA, Fresno-CA, Madera-CA, Yuba-City-CA, and Bakersfield-CA .

  1. Riverside-San-Bernardino-Ontario-CA increased + 73.90% from 2002 to the end of 2004
  2. Fresno-CA increased + 73.13% from 2002 to the end of 2004
  3. Madera-CA increased + 71.44% from 2002 to the end of 2004
  4. Yuba-City-CA increased + 68.71% from 2002 to the end of 2004
  5. Bakersfield-CA increased + 67.56% from 2002 to the end of 2004

For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .

  1. Bakersfield-CA increased + 93.72% from 2003 thru 2005
  2. Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
  3. Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
  4. Madera-CA increased + 85.39% from 2003 thru 2005
  5. Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005

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