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 + 20.79% (+ 3.47% yearly) for the period between 2001 and the end of 2006.

The state had + 47.03% total appreciation (+ 7.84% 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 +126.18% faster than this MSA.

Springfield-IL

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2003-2006 Quarterly Detailed Appreciation


There are a lot of ways to use the appreciation data for Springfield, Illinios .

Lets look at Divernon, Illinios, a city located in Springfield, Illinios MSA.

Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Divernon, Illinios check out Spec-Loan.com

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 $107,000.00 in 2001, you could multiply by + 20.79%, add the gain and see the home should be worth $129,249.69 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Springfield-IL from 2001 to 2006:
+ 3.47%

Appreciation Comparisons

For a 6 year period, the top 5 performing MSAs of all time are Merced-CA, Modesto-CA, Worcester-MA, Yuba-City-CA, and San-Jose-Sunnyvale-Santa-Clara-CA .

  1. Merced-CA increased +172.57% from 2000 thru 2005
  2. Modesto-CA increased +166.23% from 2000 thru 2005
  3. Worcester-MA increased +164.50% from 1982 thru 1987
  4. Yuba-City-CA increased +164.17% from 2000 thru 2005
  5. San-Jose-Sunnyvale-Santa-Clara-CA increased +162.77% from 1976 thru 1981

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