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 + 18.92% (+ 2.70% yearly) for the period between 1999 and the end of 2005.

The state had + 57.74% total appreciation (+ 8.25% 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 +205.17% faster than this MSA.

Springfield-IL

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
Please Select One
2002-2005 Quarterly Detailed Appreciation
1999-2002 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 Divernon, 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 Divernon, Illinios Refinance, or Divernon, Illinios Reverse Mortgages, you could estimate your home value.

If you knew your Divernon, Illinios home was worth $104,000.00 in 1999, you could multiply by + 18.92%, add the gain and see the home should be worth $123,679.28 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Springfield-IL from 1999 to 2005:
+ 2.70%

Appreciation Comparisons

In contrast, the worst 5 MSAs from 1999 to 2005 were Lafayette-IN, Ogden-Clearfield-UT, Burlington-NC, Columbus-IN, and Springfield-IL .

  1. Lafayette-IN only increased + 14.47% between 1999 and 2005
  2. Ogden-Clearfield-UT only increased + 17.01% between 1999 and 2005
  3. Burlington-NC only increased + 17.19% between 1999 and 2005
  4. Columbus-IN only increased + 18.62% between 1999 and 2005
  5. Springfield-IL only increased + 18.92% between 1999 and 2005

The worst perfoming MSAs ever for a 7 year period, were Lafayette-LA, Casper-WY, Midland-TX, Lafayette-LA, and Midland-TX .

  1. Lafayette-LA lost - 40.40% from 1982 to 1988
  2. Casper-WY lost - 35.78% from 1983 thru 1989
  3. Midland-TX lost - 32.81% from 1983 thru 1989
  4. Lafayette-LA lost - 32.70% from 1983 thru 1989
  5. Midland-TX lost - 31.48% from 1982 thru 1988

Zip Code in MSA: 62530 - DIVERNON, IL

MSA Pop: 204468
Zip Pop: 1561
Avg Value: 83300
County: SANGAMON
Elev: 612
Region: Midwest
Lat: 39.564684
Long: -89.656293