Appreciation for MSAs:.

The first way to get a handle on an areas appreciation for a period is to compare it to the rest of the state.

In this case Springfield, Illinios MSA appreciated + 10.76% (+ 2.15% yearly) for the period between 1999 and the end of 2003.

The state had + 32.32% total appreciation (+ 6.46% yearly). The state average for Illinios was higher than the real estate appreciation in the Springfield, Illinios MSA. This shows that something happened in this area to cause it to underperform. If you can identify the cause during these years, you can learn to avoid it. The state appreaciated +200.48% faster than this MSA.

Springfield-IL

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2000-2003 Quarterly Detailed Appreciation


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 Dawson, 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 Dawson, Illinios Refinance, or Dawson, Illinios Reverse Mortgages, you could estimate your home value.

If you knew your Dawson, Illinios home was worth $102,000.00 in 1999, you could multiply by + 10.76%, add the gain and see the home should be worth $112,972.97 in 2003. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Springfield-IL from 1999 to 2003:
+ 2.15%

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. Grand-Junction-CO lost - 30.66% from 1982 thru 1986
  2. Anchorage-AK lost - 30.21% from 1985 thru 1989

Zip Code in MSA: 62520 - DAWSON, IL

MSA Pop: 204468
Zip Pop: 1451
Avg Value: 107400
County: SANGAMON
Elev: 612
Region: Midwest
Lat: 39.854976
Long: -89.460816