Real Estate Appreciation for Danville, Illinios: + 10.68%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Danville, Illinios did compared to the state as a whole.
The Danville, Illinios MSA property value change was + 10.68% (+ 5.34% yearly).
All of the property in IL averaged + 12.14% change in value (+ 6.07% yearly).
Danville-IL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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 East Lynn, 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 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 $111,000.00 in 2005, you could multiply by + 10.68%, add the gain and see the home should be worth $122,858.68 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Danville-IL from 2005 to 2006:
+ 5.34%
Appreciation Comparisons
The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .
- Honolulu-HI lost - 49.13% from 1980 to 1981
- Casper-WY lost - 27.70% from 1986 thru 1987
- Grand-Junction-CO lost - 26.25% from 1984 thru 1985
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
The top 5 performing MSAs from 2005 to 2006 were Bend-OR, Boise-City-Nampa-ID, Phoenix-Mesa-Scottdale-AZ, Naples-Marco-Island-FL, and Ocala-FL .
- Bend-OR increased + 52.68% from 2005 to the end of 2006
- Boise-City-Nampa-ID increased + 43.68% from 2005 to the end of 2006
- Phoenix-Mesa-Scottdale-AZ increased + 43.40% from 2005 to the end of 2006
- Naples-Marco-Island-FL increased + 41.08% from 2005 to the end of 2006
- Ocala-FL increased + 40.98% from 2005 to the end of 2006
Zip Code in MSA: 60932 - EAST LYNN, IL
MSA Pop: 82804Zip Pop: 135
Avg Value: 37200
County: VERMILION
Elev: 597
Region: Midwest
Lat: 40.21973
Long: -87.593791