Real Estate Appreciation for Champaign Urbana, Illinios: + 15.90%
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 + 15.90% (+ 3.98% yearly) from 1994 to 1997.
During the same time period, IL had + 13.88% (+ 3.47% 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% |
| 1997 | 1 | 109.49 | - 0.05% | - 0.18% |
| 1997 | 2 | 111.07 | + 1.44% | + 5.77% |
| 1997 | 3 | 112.97 | + 1.71% | + 6.84% |
| 1997 | 4 | 114.78 | + 1.60% | + 6.41% |
Now is a great time to buy and fix up real estate in many areas. Foreclosures are on the rise so there are deals to be had. If you are considering purchasing and rehabbing a property, appreciation rates are important to consider. If you feel like this is a good area to purchase foreclosure property for rehab, check out Hard Money Rehab Loan Information at Spec-Loan.com. Its important to do your homework before taking on any type of real estate purchase.
If you were going to do a Elliott, Illinios Refinance, or Elliott, Illinios Reverse Mortgages, you could estimate your home value.
If you knew your Elliott, Illinios home was worth $91,000.00 in 1994, you could multiply by + 15.90%, add the gain and see the home should be worth $105,472.89 in 1997. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Champaign-Urbana-IL from 1994 to 1997:
+ 3.98%
Appreciation Comparisons
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 .
- Bakersfield-CA increased +116.36% from 2002 thru 2005
- Fresno-CA increased +116.09% from 2002 thru 2005
- Madera-CA increased +114.32% from 2002 thru 2005
- Riverside-San-Bernardino-Ontario-CA increased +112.60% from 2002 thru 2005
- Bakersfield-CA increased +110.89% from 2003 thru 2006
Zip Code in MSA: 60933 - ELLIOTT, IL
MSA Pop: 217320Zip Pop: 349
Avg Value: 64300
County: FORD
Elev: 790
Region: Midwest
Lat: 40.464155
Long: -88.274837