Real Estate Appreciation for Springfield, Illinios: + 31.13%
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: + 31.13%
- State of IL: + 80.01%
- Difference: - 61.10%
Springfield-IL
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2003-2006 Quarterly Detailed Appreciation
2000-2003 Quarterly Detailed Appreciation
1997-2000 Quarterly Detailed Appreciation
If you need information on Hard Money Rehab Loans in Mechanicsburg, Illinios look at Spec-Loan.com
If you were going to do a Mechanicsburg, Illinios Refinance, or Mechanicsburg, Illinios Reverse Mortgages, you could estimate your home value.
If you knew your Mechanicsburg, Illinios home was worth $102,000.00 in 1996, you could multiply by + 31.13%, add the gain and see the home should be worth $133,747.76 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Springfield-IL from 1996 to 2006:
+ 2.83%
Appreciation Comparisons
The worst 5 MSAs from 1996 to 2006 were Lafayette-IN, Columbus-IN, Springfield-IL, Kokomo-IN, and Rochester-NY .
- Lafayette-IN only increased + 26.22% between 1996 and 2006
- Columbus-IN only increased + 30.35% between 1996 and 2006
- Springfield-IL only increased + 31.13% between 1996 and 2006
- Kokomo-IN only increased + 32.02% between 1996 and 2006
- Rochester-NY only increased + 32.46% between 1996 and 2006
For a 11 year period, the top 5 performing MSAs of all time are Bridgeport-Stamford-Norwalk-CT, New-Haven-Milford-CT, Salinas-CA, Salinas-CA, and Providence-New-Bedford-Fall-River-RI-MA .
- Bridgeport-Stamford-Norwalk-CT increased +291.00% from 1977 thru 1987
- New-Haven-Milford-CT increased +263.57% from 1978 thru 1988
- Salinas-CA increased +257.03% from 1995 thru 2005
- Salinas-CA increased +246.95% from 1996 thru 2006
- Providence-New-Bedford-Fall-River-RI-MA increased +246.07% from 1977 thru 1987
The worst perfoming MSAs ever for a 11 year period, were Midland-TX, Midland-TX, Midland-TX, Odessa-TX, and Lafayette-LA .
- Midland-TX lost - 33.11% from 1982 to 1992
- Midland-TX lost - 27.85% from 1983 thru 1993
- Midland-TX lost - 21.51% from 1984 thru 1994
- Odessa-TX lost - 21.17% from 1984 thru 1994
- Lafayette-LA lost - 18.88% from 1982 thru 1992
Zip Code in MSA: 62545 - MECHANICSBURG, IL
MSA Pop: 204468Zip Pop: 948
Avg Value: 72900
County: SANGAMON
Elev: 612
Region: Midwest
Lat: 39.80944
Long: -89.398242