Real Estate Appreciation for Champaign Urbana, Illinios: + 80.21%
Appreciation for MSAs:.
Let's start by comparing Champaign Urbana, Illinios to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 80.21% (+ 5.73% yearly) for the Champaign Urbana, Illinios MSA.
The entire state of IL had +101.52% appreciation (+ 7.25% yearly).
The state average for Illinios was higher than the real estate appreciation in the Champaign Urbana, Illinios MSA. This means the conditions in the MSA for real estate investment were worse by + 26.56%.
Champaign-Urbana-IL
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2002-2005 Quarterly Detailed Appreciation
1999-2002 Quarterly Detailed Appreciation
1996-1999 Quarterly Detailed Appreciation
1993-1996 Quarterly Detailed Appreciation
Some of the ways peope use our appreciation data for Champaign Urbana, Illinios include real estate investment .
Lets look at Urbana, Illinios, a city located in Champaign Urbana, Illinios MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Illinios check out Spec-Loan.com
If you were going to do a Urbana, Illinios Refinance, or Urbana, Illinios Reverse Mortgages, you could estimate your home value.
If you knew your Urbana, Illinios home was worth $97,000.00 in 1992, you could multiply by + 80.21%, add the gain and see the home should be worth $174,806.82 in 2005. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Champaign-Urbana-IL from 1992 to 2005:
+ 5.73%
Appreciation Comparisons
The top 5 performing MSAs from 1992 to 2005 were Salinas-CA, Medford-OR, Fort-Lauderdale-Pompano-Beach-Deerfield-Beach-FL--(M, Fort-Walton-Beach-Crestview-Destin-FL, and Phoenix-Mesa-Scottdale-AZ .
- Salinas-CA increased +246.60% from 1992 to the end of 2005
- Medford-OR increased +224.65% from 1992 to the end of 2005
- Fort-Lauderdale-Pompano-Beach-Deerfield-Beach-FL--(M increased +218.48% from 1992 to the end of 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased +202.40% from 1992 to the end of 2005
- Phoenix-Mesa-Scottdale-AZ increased +200.00% from 1992 to the end of 2005
In contrast, the worst 5 MSAs from 1992 to 2005 were Binghamton-NY, Rochester-NY, Elmira-NY, Utica-Rome-NY, and Syracuse-NY .
- Binghamton-NY only increased + 32.37% between 1992 and 2005
- Rochester-NY only increased + 32.70% between 1992 and 2005
- Elmira-NY only increased + 36.26% between 1992 and 2005
- Utica-Rome-NY only increased + 38.12% between 1992 and 2005
- Syracuse-NY only increased + 38.97% between 1992 and 2005
Zip Code in MSA: 61801 - URBANA, IL
MSA Pop: 217320Zip Pop: 29369
Avg Value: 93000
County: CHAMPAIGN
Elev: 725
Region: Midwest
Lat: 40.111024
Long: -88.197063