Appreciation for MSAs:.

The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.

If we analyze Danville, Illinios MSA appreciation it was + 11.35% (+ 5.67% yearly) from 2004 to 2005.

During the same time period, IL had + 17.90% (+ 8.95% yearly). From 2004 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

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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 East Lynn, 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 East Lynn, Illinios check out Spec-Loan.com

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

If you knew your East Lynn, Illinios home was worth $109,000.00 in 2004, you could multiply by + 11.35%, add the gain and see the home should be worth $121,370.34 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Danville-IL from 2004 to 2005:
+ 5.67%

Appreciation Comparisons

The worst 5 MSAs from 2004 to 2005 were Burlington-NC, Jonesboro-AR, Lafayette-IN, Rocky-Mount-NC, and Youngstown-Warren-Boardman-OH-PA .

  1. Burlington-NC only increased + 0.60% between 2004 and 2005
  2. Jonesboro-AR only increased + 2.06% between 2004 and 2005
  3. Lafayette-IN only increased + 2.12% between 2004 and 2005
  4. Rocky-Mount-NC only increased + 2.82% between 2004 and 2005
  5. Youngstown-Warren-Boardman-OH-PA only increased + 3.78% between 2004 and 2005

For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .

  1. Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
  2. Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
  3. Bakersfield-CA increased + 63.04% from 2004 thru 2005
  4. Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
  5. Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 thru 2005

The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .

  1. Honolulu-HI lost - 49.13% from 1980 to 1981
  2. Casper-WY lost - 27.70% from 1986 thru 1987
  3. Grand-Junction-CO lost - 26.25% from 1984 thru 1985
  4. Lafayette-LA lost - 25.36% from 1986 thru 1987
  5. Anchorage-AK lost - 24.89% from 1986 thru 1987

Zip Code in MSA: 60932 - EAST LYNN, IL

MSA Pop: 82804
Zip Pop: 135
Avg Value: 37200
County: VERMILION
Elev: 597
Region: Midwest
Lat: 40.21973
Long: -87.593791