Real Estate Appreciation for Peoria, Illinios: - 26.09%
Appreciation for MSAs:.
Let's start by comparing Peoria, 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 - 26.09% (- 6.52% yearly) for the Peoria, Illinios MSA.
The entire state of IL had + 15.24% appreciation (+ 3.81% yearly).
The state average for Illinios was higher than the real estate appreciation in the Peoria, Illinios MSA. This means the conditions in the MSA for real estate investment were worse by -158.42%.
Peoria-IL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1982 | 2 | 69.51 | - 12.12% | - 48.50% |
| 1982 | 3 | 66.13 | - 4.86% | - 19.45% |
| 1982 | 4 | 65.88 | - 0.38% | - 1.51% |
| 1983 | 1 | 67.34 | + 2.22% | + 8.86% |
| 1983 | 2 | 66.93 | - 0.61% | - 2.44% |
| 1983 | 3 | 71.31 | + 6.54% | + 26.18% |
| 1983 | 4 | 72.72 | + 1.98% | + 7.91% |
| 1984 | 1 | 55.62 | - 23.51% | - 94.06% |
| 1984 | 2 | 66.54 | + 19.63% | + 78.53% |
| 1984 | 3 | 63.05 | - 5.24% | - 20.98% |
| 1984 | 4 | 66.35 | + 5.23% | + 20.94% |
| 1985 | 1 | 59.67 | - 10.07% | - 40.27% |
| 1985 | 2 | 62.14 | + 4.14% | + 16.56% |
| 1985 | 3 | 61.2 | - 1.51% | - 6.05% |
| 1985 | 4 | 58.46 | - 4.48% | - 17.91% |
Lets look at Varna, Illinios, a city located in Peoria, Illinios MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans check out Spec-Loan.com
If you were going to do a Varna, Illinios Refinance, or Varna, Illinios Reverse Mortgages, you could estimate your home value.
If you knew your Varna, Illinios home was worth $67,000.00 in 1982, you could multiply by - 26.09%, add the gain and see the home should be worth $49,517.32 in 1985. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Peoria-IL from 1982 to 1985:
- 6.52%
Appreciation Comparisons
The top 5 performing MSAs from 1982 to 1985 were Worcester-MA, Providence-New-Bedford-Fall-River-RI-MA, Bridgeport-Stamford-Norwalk-CT, Rochester-NY, and Albany-Schenectady-Troy-NY .
- Worcester-MA increased + 98.26% from 1982 to the end of 1985
- Providence-New-Bedford-Fall-River-RI-MA increased + 66.81% from 1982 to the end of 1985
- Bridgeport-Stamford-Norwalk-CT increased + 59.86% from 1982 to the end of 1985
- Rochester-NY increased + 51.29% from 1982 to the end of 1985
- Albany-Schenectady-Troy-NY increased + 40.44% from 1982 to the end of 1985
In contrast, the worst 5 MSAs from 1982 to 1985 were Grand-Junction-CO, Peoria-IL, Midland-TX, Lafayette-LA, and Houston-Sugar-Land-Baytown-TX .
- Grand-Junction-CO decreased by - 34.70% between 1982 and 1985
- Peoria-IL decreased by - 26.09% between 1982 and 1985
- Midland-TX decreased by - 20.59% between 1982 and 1985
- Lafayette-LA decreased by - 13.65% between 1982 and 1985
- Houston-Sugar-Land-Baytown-TX decreased by - 13.20% between 1982 and 1985
Zip Code in MSA: 61375 - VARNA, IL
MSA Pop: 365995Zip Pop: 1244
Avg Value: 89600
County: MARSHALL
Elev: 494
Region: Midwest
Lat: 41.061596
Long: -89.262208