Real Estate Appreciation for Champaign Urbana, Illinios: + 10.39%
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 + 10.39% (+ 5.19% yearly).
All of the property in IL averaged + 12.14% change in value (+ 6.07% yearly).
Champaign-Urbana-IL
| Year | Quarter | Price Index | Quarter Increase or Decrease | Annualized |
| 2005 | 2 | 162.4 | + 1.55% | + 6.20% |
| 2005 | 3 | 168.94 | + 4.03% | + 16.11% |
| 2005 | 4 | 169.04 | + 0.06% | + 0.24% |
| 2006 | 1 | 169.8 | + 0.45% | + 1.80% |
| 2006 | 2 | 172.74 | + 1.73% | + 6.93% |
| 2006 | 3 | 173.72 | + 0.57% | + 2.27% |
| 2006 | 4 | 176.53 | + 1.62% | + 6.47% |
There are a lot of ways to use the appreciation data for Champaign Urbana, Illinios .
Lets look at Cabery, Illinios, a city located in Champaign Urbana, Illinios MSA.
Appreciation is an important factor in flipping properties. If appreciation rates are good this area may be prime for fixing up and flipping houses. If you need information on Hard Money Rehab Loans in Cabery, Illinios 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 $111,000.00 in 2005, you could multiply by + 10.39%, add the gain and see the home should be worth $122,528.95 in 2006. Home value is an important part of every mortgage transaction.
Average YEARLY Real Estate Appreciation for Champaign-Urbana-IL from 2005 to 2006:
+ 5.19%
Appreciation Comparisons
The worst 5 MSAs from 2005 to 2006 were Saginaw-Saginaw-Township-North-MI, Flint-MI, Kokomo-IN, Muncie-IN, and Ann-Arbor-MI .
- Saginaw-Saginaw-Township-North-MI decreased by - 3.27% between 2005 and 2006
- Flint-MI decreased by - 1.05% between 2005 and 2006
- Kokomo-IN decreased by - 1.00% between 2005 and 2006
- Muncie-IN only increased + 0.20% between 2005 and 2006
- Ann-Arbor-MI only increased + 0.22% between 2005 and 2006
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
The worst perfoming MSAs ever for a 2 year period, were Honolulu-HI, Casper-WY, Grand-Junction-CO, Lafayette-LA, and Anchorage-AK .
- Honolulu-HI lost - 49.13% from 1980 to 1981
- Casper-WY lost - 27.70% from 1986 thru 1987
- Grand-Junction-CO lost - 26.25% from 1984 thru 1985
- Lafayette-LA lost - 25.36% from 1986 thru 1987
- Anchorage-AK lost - 24.89% from 1986 thru 1987
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