Appreciation for MSAs:.

Before we disect the appreciation within the MSA for this period, lets consider how Springfield, Illinios did compared to the state as a whole.

The Springfield, Illinios MSA property value change was + 8.51% (+ 2.13% yearly).

All of the property in IL averaged + 13.62% change in value (+ 3.41% yearly).

Springfield-IL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
1995 2 100.88 + 0.88% + 3.52%
1995 3 101.48 + 0.59% + 2.38%
1995 4 102.41 + 0.92% + 3.67%
1996 1 103.71 + 1.27% + 5.08%
1996 2 103.57 - 0.13% - 0.54%
1996 3 103.93 + 0.35% + 1.39%
1996 4 105.55 + 1.56% + 6.23%
1997 1 105.49 - 0.06% - 0.23%
1997 2 105.34 - 0.14% - 0.57%
1997 3 106.29 + 0.90% + 3.61%
1997 4 106.81 + 0.49% + 1.96%
1998 1 107.6 + 0.74% + 2.96%
1998 2 107.77 + 0.16% + 0.63%
1998 3 108.09 + 0.30% + 1.19%
1998 4 108.51 + 0.39% + 1.55%


Lets look at Buffalo, Illinios, a city located in Springfield, 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 Buffalo, Illinios Refinance, or Buffalo, Illinios Reverse Mortgages, you could estimate your home value.

If you knew your Buffalo, Illinios home was worth $93,000.00 in 1995, you could multiply by + 8.51%, add the gain and see the home should be worth $100,914.30 in 1998. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Springfield-IL from 1995 to 1998:
+ 2.13%

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. Casper-WY lost - 34.10% from 1983 thru 1986
  2. Casper-WY lost - 32.07% from 1984 thru 1987

Zip Code in MSA: 62515 - BUFFALO, IL

MSA Pop: 204468
Zip Pop: 1010
Avg Value: 75900
County: SANGAMON
Elev: 612
Region: Midwest
Lat: 39.850505
Long: -89.40906