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 + 16.71% (+ 2.09% yearly).

All of the property in IL averaged + 42.34% change in value (+ 5.29% yearly).

Springfield-IL

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
Please Select One
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation


There are a lot of ways to use the appreciation data for Springfield, Illinios .

Lets look at Glenarm, Illinios, a city located in Springfield, Illinios MSA.

Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Glenarm, Illinios check out Spec-Loan.com

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

If you knew your Glenarm, Illinios home was worth $97,000.00 in 1995, you could multiply by + 16.71%, add the gain and see the home should be worth $113,208.70 in 2002. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Springfield-IL from 1995 to 2002:
+ 2.09%

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. Lafayette-LA lost - 31.61% from 1981 thru 1988
  2. Lafayette-LA lost - 30.68% from 1982 thru 1989

Zip Code in MSA: 62536 - GLENARM, IL

MSA Pop: 204468
Zip Pop: 942
Avg Value: 122100
County: SANGAMON
Elev: 612
Region: Midwest
Lat: 39.637292
Long: -89.637055