Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.

The Danville, Illinios MSA appreciated + 14.79% (+ 4.93% yearly) between 2003 and the end of 2005.

The state of IL had + 25.82% total appreciation (+ 8.61% 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 than the state as a whole. The state appreaciated + 74.55% faster than this MSA.

Danville-IL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
2005 1 147.33 - 6.02% - 24.09%
2005 2 158.89 + 7.85% + 31.39%
2005 3 157.47 - 0.89% - 3.57%
2005 4 161.79 + 2.74% + 10.97%


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 $108,000.00 in 2003, you could multiply by + 14.79%, add the gain and see the home should be worth $123,977.01 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Danville-IL from 2003 to 2005:
+ 4.93%

Appreciation Comparisons

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

The worst perfoming MSAs ever for a 3 year period, were Grand-Junction-CO, Lafayette-LA, Honolulu-HI, Fairbanks-AK, and Lafayette-LA .

  1. Grand-Junction-CO lost - 34.69% from 1983 to 1985
  2. Lafayette-LA lost - 31.84% from 1985 thru 1987
  3. Honolulu-HI lost - 30.81% from 1979 thru 1981
  4. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  5. Lafayette-LA lost - 28.50% from 1986 thru 1988

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