Real Estate Appreciation for Springfield, Illinios: + 4.96%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Springfield, Illinios: + 4.96%
- State of IL: + 13.29%
- Difference: - 62.70%
Springfield-IL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1999 | 1 | 109.13 | + 0.57% | + 2.29% |
| 1999 | 2 | 109.51 | + 0.35% | + 1.39% |
| 1999 | 3 | 108.93 | - 0.53% | - 2.12% |
| 1999 | 4 | 108.85 | - 0.07% | - 0.29% |
Some of the ways peope use our appreciation data for Springfield, Illinios include real estate investment .
Lets look at Buffalo, Illinios, a city located in Springfield, Illinios MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Illinios 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 $95,000.00 in 1996, you could multiply by + 4.96%, add the gain and see the home should be worth $99,708.32 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Springfield-IL from 1996 to 1999:
+ 1.24%
Appreciation Comparisons
The top 5 performing MSAs from 1996 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Denver-Aurora-CO, and Ann-Arbor-MI .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 52.03% from 1996 to the end of 1999
- Santa-Cruz-Watsonville-CA increased + 42.74% from 1996 to the end of 1999
- Barnstable-Town-MA increased + 33.97% from 1996 to the end of 1999
- Denver-Aurora-CO increased + 33.24% from 1996 to the end of 1999
- Ann-Arbor-MI increased + 31.04% from 1996 to the end of 1999
Zip Code in MSA: 62515 - BUFFALO, IL
MSA Pop: 204468Zip Pop: 1010
Avg Value: 75900
County: SANGAMON
Elev: 612
Region: Midwest
Lat: 39.850505
Long: -89.40906