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 + 5.24% (+ 1.31% yearly).

All of the property in IL averaged + 18.03% change in value (+ 4.51% yearly).

Springfield-IL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
2000 1 108.95 + 0.09% + 0.37%
2000 2 109.84 + 0.82% + 3.27%
2000 3 110.14 + 0.27% + 1.09%
2000 4 111.02 + 0.80% + 3.20%


If you feel like property in this area is good for investment, you may want to consider looking at some fixer up properties to rehab. Rehabbing proeprty can help maximize your profits since you can usually buy a house that needs work at a reduced price. If you want information on a Hard Money Rehab Loan in Buffalo, Illinios click on Spec-Loan.com. The right financing can make all the difference when rehabbing property. Not all lenders will allow you to purchase a home that needs work. Make sure you look at all of the appreciation data we have for Springfield, Illinios.

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 $97,000.00 in 1997, you could multiply by + 5.24%, add the gain and see the home should be worth $102,084.94 in 2000. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Springfield-IL from 1997 to 2000:
+ 1.31%

Appreciation Comparisons

The top 5 performing MSAs from 1997 to 2000 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Santa-Rosa-Petaluma-CA, Salinas-CA, and Napa-CA .

  1. San-Jose-Sunnyvale-Santa-Clara-CA increased + 82.37% from 1997 to the end of 2000
  2. Santa-Cruz-Watsonville-CA increased + 74.02% from 1997 to the end of 2000
  3. Santa-Rosa-Petaluma-CA increased + 61.76% from 1997 to the end of 2000
  4. Salinas-CA increased + 59.12% from 1997 to the end of 2000
  5. Napa-CA increased + 54.99% from 1997 to the end of 2000

In contrast, the worst 5 MSAs from 1997 to 2000 were Honolulu-HI, Williamsport-PA, Buffalo-Niagara-Falls-NY, Lewiston-ID-WA, and Midland-TX .

  1. Honolulu-HI decreased by - 1.70% between 1997 and 2000
  2. Williamsport-PA only increased + 2.60% between 1997 and 2000
  3. Buffalo-Niagara-Falls-NY only increased + 3.06% between 1997 and 2000
  4. Lewiston-ID-WA only increased + 3.08% between 1997 and 2000
  5. Midland-TX only increased + 3.25% between 1997 and 2000

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