Appreciation for MSAs:.

Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.

The Springfield, Illinios MSA appreciated + 16.33% (+ 4.08% yearly) between 2003 and the end of 2006.

The state of IL had + 31.32% total appreciation (+ 7.83% yearly). The state average for Illinios was higher than the real estate appreciation in the Springfield, Illinios MSA. This means the conditions in the MSA for real estate investment were worse than the state as a whole. The state appreaciated + 91.80% faster than this MSA.

Springfield-IL

YearQuarterPrice IndexQuarter Increase or DecreaseAnnualized
2003 2 117.58 + 0.58% + 2.33%
2003 3 118.47 + 0.76% + 3.03%
2003 4 120.87 + 2.03% + 8.10%
2004 1 121.83 + 0.79% + 3.18%
2004 2 122.88 + 0.86% + 3.45%
2004 3 125.64 + 2.25% + 8.98%
2004 4 126.16 + 0.41% + 1.66%
2005 1 127.18 + 0.81% + 3.23%
2005 2 128.19 + 0.79% + 3.18%
2005 3 131.01 + 2.20% + 8.80%
2005 4 129.78 - 0.94% - 3.76%
2006 1 131.91 + 1.64% + 6.56%
2006 2 133.3 + 1.05% + 4.21%
2006 3 134.29 + 0.74% + 2.97%
2006 4 135.99 + 1.27% + 5.06%


If you need information on Hard Money Rehab Loans in Buffalo, Illinios look at 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 $109,000.00 in 2003, you could multiply by + 16.33%, add the gain and see the home should be worth $126,799.91 in 2006. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Springfield-IL from 2003 to 2006:
+ 4.08%

Appreciation Comparisons

The top 5 performing MSAs from 2003 to 2006 were Bakersfield-CA, Visalia-Porterville-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Naples-Marco-Island-FL .

  1. Bakersfield-CA increased +110.89% from 2003 to the end of 2006
  2. Visalia-Porterville-CA increased +101.32% from 2003 to the end of 2006
  3. Madera-CA increased +100.36% from 2003 to the end of 2006
  4. Riverside-San-Bernardino-Ontario-CA increased +100.03% from 2003 to the end of 2006
  5. Naples-Marco-Island-FL increased + 99.23% from 2003 to the end of 2006

For a 4 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Fresno-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, and Bakersfield-CA .

  1. Bakersfield-CA increased +116.36% from 2002 thru 2005
  2. Fresno-CA increased +116.09% from 2002 thru 2005
  3. Madera-CA increased +114.32% from 2002 thru 2005
  4. Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
  5. Bakersfield-CA increased +110.89% from 2003 thru 2006

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