Appreciation for MSAs:.

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

The Peoria, Illinios MSA appreciated - 7.32% (- 1.83% yearly) between 1983 and the end of 1986.

The state of IL had + 25.05% total appreciation (+ 6.26% 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 than the state as a whole. The state appreaciated -442.15% faster than this MSA.

Peoria-IL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
1986 1 59.9 + 2.46% + 9.85%
1986 2 62.35 + 4.09% + 16.36%
1986 3 62.02 - 0.53% - 2.12%
1986 4 62.41 + 0.63% + 2.52%


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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 $69,000.00 in 1983, you could multiply by - 7.32%, add the gain and see the home should be worth $63,948.47 in 1986. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Peoria-IL from 1983 to 1986:
- 1.83%

Appreciation Comparisons

The worst 5 MSAs from 1983 to 1986 were Casper-WY, Grand-Junction-CO, Lafayette-LA, Midland-TX, and Houston-Sugar-Land-Baytown-TX .

  1. Casper-WY decreased by - 34.10% between 1983 and 1986
  2. Grand-Junction-CO decreased by - 30.65% between 1983 and 1986
  3. Lafayette-LA decreased by - 26.91% between 1983 and 1986
  4. Midland-TX decreased by - 23.47% between 1983 and 1986
  5. Houston-Sugar-Land-Baytown-TX decreased by - 18.04% between 1983 and 1986

For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .

  1. Bakersfield-CA increased +116.36% from 2002 thru 2005
  2. Fresno-CA increased +116.09% from 2002 thru 2005
  3. Madera-CA increased +114.32% from 2002 thru 2005
  4. Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
  5. Bakersfield-CA increased +110.89% from 2003 thru 2006

The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .

  1. Lafayette-LA lost - 34.71% from 1985 to 1988
  2. Grand-Junction-CO lost - 34.70% from 1982 thru 1985
  3. Lafayette-LA lost - 34.44% from 1984 thru 1987
  4. Casper-WY lost - 34.10% from 1983 thru 1986
  5. Casper-WY lost - 32.07% from 1984 thru 1987

Zip Code in MSA: 61375 - VARNA, IL

MSA Pop: 365995
Zip Pop: 1244
Avg Value: 89600
County: MARSHALL
Elev: 494
Region: Midwest
Lat: 41.061596
Long: -89.262208