Real Estate Appreciation for Champaign Urbana, Illinios: + 30.83%
Appreciation for MSAs:.
Let's start by comparing Champaign Urbana, Illinios to the rest of the state. This will give us an idea if the appreciation here was isolated or happened across the state.
We have appreciattion of + 30.83% (+ 6.17% yearly) for the Champaign Urbana, Illinios MSA.
The entire state of IL had + 38.22% appreciation (+ 7.64% yearly).
The state average for Illinios was higher than the real estate appreciation in the Champaign Urbana, Illinios MSA. This means the conditions in the MSA for real estate investment were worse by + 23.96%.
Champaign-Urbana-IL
Detailed Quarterly Appreciation is Available on Periods Less than 4 Years OnlyPlease Select One
2003-2006 Quarterly Detailed Appreciation
Some of the ways peope use our appreciation data for Champaign Urbana, Illinios include real estate investment .
Lets look at Gibson City, Illinios, a city located in Champaign Urbana, Illinios MSA.
Appreciation is an important factor in fixing/rehabbing and flipping properties. If appreciation rates are good this area may be prime. If you need information on a Hard Money Rehab Loan in Illinios check out Spec-Loan.com
If you were going to do a Gibson City, Illinios Refinance, or Gibson City, Illinios Reverse Mortgages, you could estimate your home value.
If you knew your Gibson City, Illinios home was worth $108,000.00 in 2002, you could multiply by + 30.83%, add the gain and see the home should be worth $141,297.27 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Champaign-Urbana-IL from 2002 to 2006:
+ 6.17%
Appreciation Comparisons
The top 5 performing MSAs from 2002 to 2006 were Bakersfield-CA, Madera-CA, Riverside-San-Bernardino-Ontario-CA, Fresno-CA, and Naples-Marco-Island-FL .
- Bakersfield-CA increased +135.54% from 2002 to the end of 2006
- Madera-CA increased +131.62% from 2002 to the end of 2006
- Riverside-San-Bernardino-Ontario-CA increased +130.28% from 2002 to the end of 2006
- Fresno-CA increased +126.76% from 2002 to the end of 2006
- Naples-Marco-Island-FL increased +121.87% from 2002 to the end of 2006
In contrast, the worst 5 MSAs from 2002 to 2006 were Kokomo-IN, Anderson-IN, Lafayette-IN, Saginaw-Saginaw-Township-North-MI, and Muncie-IN .
- Kokomo-IN only increased + 4.72% between 2002 and 2006
- Anderson-IN only increased + 6.47% between 2002 and 2006
- Lafayette-IN only increased + 6.55% between 2002 and 2006
- Saginaw-Saginaw-Township-North-MI only increased + 8.62% between 2002 and 2006
- Muncie-IN only increased + 8.71% between 2002 and 2006
Zip Code in MSA: 60936 - GIBSON CITY, IL
MSA Pop: 217320Zip Pop: 4218
Avg Value: 76300
County: FORD
Elev: 790
Region: Midwest
Lat: 40.46747
Long: -88.373541