Real Estate Appreciation for Champaign Urbana, Illinios: + 12.10%
Appreciation for MSAs:.
Comparing the real estate investment appreciation rates between a MSAs and their state can give you a lot of insight.
The Champaign Urbana, Illinios MSA appreciated + 12.10% (+ 4.03% yearly) between 1993 and the end of 1995.
The state of IL had + 11.71% total appreciation (+ 3.90% yearly).
The Champaign Urbana, Illinios MSA outperformed the state. This gives us important insight into the apprecaition of this MSA. The msa appreciated + 3.29% faster than the state as a whole.
Champaign-Urbana-IL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 1993 | 2 | 96.82 | + 1.50% | + 6.00% |
| 1993 | 3 | 97.64 | + 0.85% | + 3.39% |
| 1993 | 4 | 98.26 | + 0.63% | + 2.54% |
| 1994 | 1 | 99.03 | + 0.78% | + 3.13% |
| 1994 | 2 | 101.04 | + 2.03% | + 8.12% |
| 1994 | 3 | 103.19 | + 2.13% | + 8.51% |
| 1994 | 4 | 102.06 | - 1.10% | - 4.38% |
| 1995 | 1 | 100 | - 2.02% | - 8.07% |
| 1995 | 2 | 104.7 | + 4.70% | + 18.80% |
| 1995 | 3 | 106.01 | + 1.25% | + 5.00% |
| 1995 | 4 | 106.93 | + 0.87% | + 3.47% |
There are a lot of ways to use the appreciation data for Champaign Urbana, Illinios .
Lets look at Cabery, Illinios, a city located in Champaign Urbana, 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 Cabery, Illinios check out Spec-Loan.com
If you were going to do a Cabery, Illinios Refinance, or Cabery, Illinios Reverse Mortgages, you could estimate your home value.
If you knew your Cabery, Illinios home was worth $88,000.00 in 1993, you could multiply by + 12.10%, add the gain and see the home should be worth $98,645.98 in 1995. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Champaign-Urbana-IL from 1993 to 1995:
+ 4.03%
Appreciation Comparisons
For a 3 year period, the top 5 performing MSAs of all time are Bakersfield-CA, Visalia-Porterville-CA, Fort-Walton-Beach-Crestview-Destin-FL, Madera-CA, and Palm-Bay-Melbourne-Titusville-FL .
- Bakersfield-CA increased + 93.72% from 2003 thru 2005
- Visalia-Porterville-CA increased + 88.65% from 2003 thru 2005
- Fort-Walton-Beach-Crestview-Destin-FL increased + 87.85% from 2003 thru 2005
- Madera-CA increased + 85.39% from 2003 thru 2005
- Palm-Bay-Melbourne-Titusville-FL increased + 85.00% from 2003 thru 2005
Zip Code in MSA: 60919 - CABERY, IL
MSA Pop: 217320Zip Pop: 525
Avg Value: 78900
County: FORD
Elev: 790
Region: Midwest
Lat: 40.947948
Long: -88.15315