Real Estate Appreciation for Champaign Urbana, Illinios: + 10.61%
Appreciation for MSAs:.
The state appreciation level can be a good benchmark for comparing an individual MSAs perfomance.
If we analyze Champaign Urbana, Illinios MSA appreciation it was + 10.61% (+ 3.54% yearly) from 1994 to 1996.
During the same time period, IL had + 10.04% (+ 3.35% yearly).
You can see that the Champaign Urbana, Illinios MSA experienced higher appreciation in this case.
Champaign-Urbana-IL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1996 | 1 | 107.67 | + 0.69% | + 2.77% |
| 1996 | 2 | 107.78 | + 0.10% | + 0.41% |
| 1996 | 3 | 109.3 | + 1.41% | + 5.64% |
| 1996 | 4 | 109.54 | + 0.22% | + 0.88% |
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 $90,000.00 in 1994, you could multiply by + 10.61%, add the gain and see the home should be worth $99,551.65 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Champaign-Urbana-IL from 1994 to 1996:
+ 3.54%
Appreciation Comparisons
The top 5 performing MSAs from 1994 to 1996 were Salt-Lake-City-UT, Ogden-Clearfield-UT, Provo-Orem-UT, Logan-UT-ID, and Pueblo-CO .
- Salt-Lake-City-UT increased + 33.67% from 1994 to the end of 1996
- Ogden-Clearfield-UT increased + 32.69% from 1994 to the end of 1996
- Provo-Orem-UT increased + 30.79% from 1994 to the end of 1996
- Logan-UT-ID increased + 29.11% from 1994 to the end of 1996
- Pueblo-CO increased + 27.92% from 1994 to the end of 1996
In contrast, the worst 5 MSAs from 1994 to 1996 were Binghamton-NY, Kingston-NY, Riverside-San-Bernardino-Ontario-CA, Utica-Rome-NY, and Honolulu-HI .
- Binghamton-NY decreased by - 13.28% between 1994 and 1996
- Kingston-NY decreased by - 11.87% between 1994 and 1996
- Riverside-San-Bernardino-Ontario-CA decreased by - 11.33% between 1994 and 1996
- Utica-Rome-NY decreased by - 10.37% between 1994 and 1996
- Honolulu-HI decreased by - 9.66% between 1994 and 1996
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