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 + 54.39% (+ 6.04% yearly).

All of the property in IL averaged + 68.60% change in value (+ 7.62% yearly).

Champaign-Urbana-IL

Detailed Quarterly Appreciation is Available on Periods Less than 4 Years Only
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2002-2005 Quarterly Detailed Appreciation
1999-2002 Quarterly Detailed Appreciation


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 Melvin, Illinios Refinance, or Melvin, Illinios Reverse Mortgages, you could estimate your home value.

If you knew your Melvin, Illinios home was worth $102,000.00 in 1997, you could multiply by + 54.39%, add the gain and see the home should be worth $157,476.30 in 2005. Home value is an important part of every mortgage transaction.


Average YEARLY Real Estate Appreciation for Champaign-Urbana-IL from 1997 to 2005:
+ 6.04%

Appreciation Comparisons

The top 5 performing MSAs from 1997 to 2005 were Salinas-CA, San-Diego-Carlsbad-San-Marcos-CA, Napa-CA, Merced-CA, and Vallejo-Fairfield-CA .

  1. Salinas-CA increased +251.65% from 1997 to the end of 2005
  2. San-Diego-Carlsbad-San-Marcos-CA increased +218.50% from 1997 to the end of 2005
  3. Napa-CA increased +217.91% from 1997 to the end of 2005
  4. Merced-CA increased +217.12% from 1997 to the end of 2005
  5. Vallejo-Fairfield-CA increased +213.81% from 1997 to the end of 2005

Zip Code in MSA: 60952 - MELVIN, IL

MSA Pop: 217320
Zip Pop: 698
Avg Value: 49300
County: FORD
Elev: 790
Region: Midwest
Lat: 40.573277
Long: -88.248138