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 + 12.23% (+ 4.08% yearly) from 2004 to 2006.

During the same time period, IL had + 23.06% (+ 7.69% yearly). From 2004 to 2006, 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%
2006 1 160.86 - 0.57% - 2.30%
2006 2 162.21 + 0.84% + 3.36%
2006 3 168.24 + 3.72% + 14.87%
2006 4 163.07 - 3.07% - 12.29%


Some of the ways peope use our appreciation data for Danville, Illinios include real estate investment .

Lets look at Hoopeston, 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 Hoopeston, Illinios Refinance, or Hoopeston, Illinios Reverse Mortgages, you could estimate your home value.

If you knew your Hoopeston, Illinios home was worth $110,000.00 in 2004, you could multiply by + 12.23%, add the gain and see the home should be worth $123,452.86 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Danville-IL from 2004 to 2006:
+ 4.08%

Appreciation Comparisons

Here are a some MSAs that didn't do so well, this can give you an idea of a worst case scenario:.

  1. Fairbanks-AK lost - 29.16% from 1987 thru 1989
  2. 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