Appreciation for MSAs:.

Let's start by comparing Springfield, 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 + 25.15% (+ 2.79% yearly) for the Springfield, Illinios MSA.

The entire state of IL had + 41.08% appreciation (+ 4.56% yearly). The state average for Illinios was higher than the real estate appreciation in the Springfield, Illinios MSA. This means the conditions in the MSA for real estate investment were worse by + 63.33%.

Springfield-IL

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
Please Select One
1997-2000 Quarterly Detailed Appreciation
1994-1997 Quarterly Detailed Appreciation


Buying short sale properties is a real buzz right now in real estate. Short sales are created when a property is on the brink of foreclosure and the bank is willing to take a reduced payoff in order to avoid having to foreclose. If you are considering a short sale property chances are you will have to do some rehab and repair to the property. Its very important to analyze all of the historical appreciation data for the area if you are considering buying a property for investment. You can check our historical appreication data for Springfield-IL here. If you do decide to move forward with rehabbing a property and need information on a Rehab Loan in Illinios, you can do some research at Spec-Loan.com.

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

If you knew your Illiopolis, Illinios home was worth $92,000.00 in 1992, you could multiply by + 25.15%, add the gain and see the home should be worth $115,137.41 in 2000. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Springfield-IL from 1992 to 2000:
+ 2.79%

Appreciation Comparisons

The top 5 performing MSAs from 1992 to 2000 were Boulder-CO, Denver-Aurora-CO, Fort-Collins-Loveland-CO, Greeley-CO, and Salt-Lake-City-UT .

  1. Boulder-CO increased +120.26% from 1992 to the end of 2000
  2. Denver-Aurora-CO increased +108.38% from 1992 to the end of 2000
  3. Fort-Collins-Loveland-CO increased +100.33% from 1992 to the end of 2000
  4. Greeley-CO increased + 94.91% from 1992 to the end of 2000
  5. Salt-Lake-City-UT increased + 92.72% from 1992 to the end of 2000

In contrast, the worst 5 MSAs from 1992 to 2000 were Honolulu-HI, Binghamton-NY, Utica-Rome-NY, Albany-Schenectady-Troy-NY, and Bakersfield-CA .

  1. Honolulu-HI decreased by - 11.63% between 1992 and 2000
  2. Binghamton-NY decreased by - 1.61% between 1992 and 2000
  3. Utica-Rome-NY decreased by - 0.25% between 1992 and 2000
  4. Albany-Schenectady-Troy-NY decreased by - 0.02% between 1992 and 2000
  5. Bakersfield-CA only increased + 0.18% between 1992 and 2000

Zip Code in MSA: 62539 - ILLIOPOLIS, IL

MSA Pop: 204468
Zip Pop: 1367
Avg Value: 72300
County: SANGAMON
Elev: 612
Region: Midwest
Lat: 39.853524
Long: -89.247739