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: + 6.24%
  • State of IL: + 20.69%
  • Difference: - 69.85%

Springfield-IL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
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%
2001 1 112.58 + 1.41% + 5.62%
2001 2 113.38 + 0.71% + 2.84%
2001 3 114.41 + 0.91% + 3.63%
2001 4 114.31 - 0.09% - 0.35%


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 $99,000.00 in 1998, you could multiply by + 6.24%, add the gain and see the home should be worth $105,173.70 in 2001. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Springfield-IL from 1998 to 2001:
+ 1.56%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1998 to 2001 were Wenatchee-WA, Midland-TX, Albuquerque-NM, Grand-Forks-ND-MN, and Springfield-IL .

  1. Wenatchee-WA only increased + 5.36% between 1998 and 2001
  2. Midland-TX only increased + 5.49% between 1998 and 2001
  3. Albuquerque-NM only increased + 5.79% between 1998 and 2001
  4. Grand-Forks-ND-MN only increased + 6.02% between 1998 and 2001
  5. Springfield-IL only increased + 6.24% between 1998 and 2001

The worst perfoming MSAs ever for a 4 year period, were Lafayette-LA, Grand-Junction-CO, Lafayette-LA, Casper-WY, and Casper-WY .

  1. Lafayette-LA lost - 34.71% from 1985 to 1988
  2. Grand-Junction-CO lost - 34.70% from 1982 thru 1985
  3. Lafayette-LA lost - 34.44% from 1984 thru 1987
  4. Casper-WY lost - 34.10% from 1983 thru 1986
  5. 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