Real Estate Appreciation for Champaign Urbana, Illinios: + 11.97%
Appreciation for MSAs:.
Real Estate Investing is all about property appreciation. Understanding Real Estate Appreication is to a real estate investor what reading a profit and loss is to a corporate CEO. Once you understand appreication and the trends that drive it, you can begin to make better decisions on real estate investing.
- Champaign Urbana, Illinios: + 11.97%
- State of IL: + 13.29%
- Difference: - 9.89%
Champaign-Urbana-IL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 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% |
| 1998 | 1 | 114.58 | - 0.17% | - 0.70% |
| 1998 | 2 | 116.33 | + 1.53% | + 6.11% |
| 1998 | 3 | 116.81 | + 0.41% | + 1.65% |
| 1998 | 4 | 118.46 | + 1.41% | + 5.65% |
| 1999 | 1 | 118.61 | + 0.13% | + 0.51% |
| 1999 | 2 | 120.38 | + 1.49% | + 5.97% |
| 1999 | 3 | 120.62 | + 0.20% | + 0.80% |
| 1999 | 4 | 120.56 | - 0.05% | - 0.20% |
Lets look at Elliott, 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 Elliott, Illinios Refinance, or Elliott, Illinios Reverse Mortgages, you could estimate your home value.
If you knew your Elliott, Illinios home was worth $95,000.00 in 1996, you could multiply by + 11.97%, add the gain and see the home should be worth $106,373.18 in 1999. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Champaign-Urbana-IL from 1996 to 1999:
+ 2.99%
Appreciation Comparisons
The top 5 performing MSAs from 1996 to 1999 were San-Jose-Sunnyvale-Santa-Clara-CA, Santa-Cruz-Watsonville-CA, Barnstable-Town-MA, Denver-Aurora-CO, and Ann-Arbor-MI .
- San-Jose-Sunnyvale-Santa-Clara-CA increased + 52.03% from 1996 to the end of 1999
- Santa-Cruz-Watsonville-CA increased + 42.74% from 1996 to the end of 1999
- Barnstable-Town-MA increased + 33.97% from 1996 to the end of 1999
- Denver-Aurora-CO increased + 33.24% from 1996 to the end of 1999
- Ann-Arbor-MI increased + 31.04% from 1996 to the end of 1999
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