Real Estate Appreciation for Champaign Urbana, Illinios: + 9.54%
Appreciation for MSAs:.
Before we disect the appreciation within the MSA for this period, lets consider how Champaign Urbana, Illinios did compared to the state as a whole.
The Champaign Urbana, Illinios MSA property value change was + 9.54% (+ 4.77% yearly).
All of the property in IL averaged + 6.57% change in value (+ 3.29% yearly).
Champaign-Urbana-IL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
Lets look at Cabery, Illinios, a city located in Champaign Urbana, Illinios MSA.
Appreciation is an important to real estate investors who rehab and flip properties. If you feel appreciation rates are good in this area there may be a good opportunity to flip houses. To learn more about Hard Money Real Estate Loans 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 $91,000.00 in 1995, you could multiply by + 9.54%, add the gain and see the home should be worth $99,681.40 in 1996. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Champaign-Urbana-IL from 1995 to 1996:
+ 4.77%
Appreciation Comparisons
The top 5 performing MSAs from 1995 to 1996 were Salt-Lake-City-UT, Ogden-Clearfield-UT, Pittsfield-MA, Danville-IL, and Bay-City-MI .
- Salt-Lake-City-UT increased + 17.55% from 1995 to the end of 1996
- Ogden-Clearfield-UT increased + 17.36% from 1995 to the end of 1996
- Pittsfield-MA increased + 17.05% from 1995 to the end of 1996
- Danville-IL increased + 16.75% from 1995 to the end of 1996
- Bay-City-MI increased + 16.66% from 1995 to the end of 1996
For a 2 year period, the top 5 performing MSAs of all time are Fort-Walton-Beach-Crestview-Destin-FL, Naples-Marco-Island-FL, Bakersfield-CA, Visalia-Porterville-CA, and Phoenix-Mesa-Scottdale-AZ .
- Fort-Walton-Beach-Crestview-Destin-FL increased + 64.61% from 2004 thru 2005
- Naples-Marco-Island-FL increased + 64.37% from 2004 thru 2005
- Bakersfield-CA increased + 63.04% from 2004 thru 2005
- Visalia-Porterville-CA increased + 62.28% from 2004 thru 2005
- Phoenix-Mesa-Scottdale-AZ increased + 60.78% from 2004 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