| Kankakee, IL - House Price Index (HPI) - 21 Year Chart |
| Kankakee Real Estate Market & Home Price Forecast |
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The House Price Index (HPI) shows changes in Kankakee-Bradley, IL single family home prices in
logarithmic scale. The March, 1995 index value equals 100. Updated Friday, December 28, 2012.
See real estate forecasts, analysis, statistics and appreciation rates below.
logarithmic scale. The March, 1995 index value equals 100. Updated Friday, December 28, 2012.
See real estate forecasts, analysis, statistics and appreciation rates below.
| Kankakee Real Estate Index: 21 Year Chart Home Values Appreciation Rate - US Cities |
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Kankakee Real Estate Market: Trend, Analysis & Statistics
1/75 1/1980 1/1985 1/1990 1/1995 1/2000 1/2005 1/2010 1/15
Commentary 13283
4th Quarter, 2012 Housing Statistics: Kankakee, Illinois
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 96%
Forecast-Chart.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Kankakee housing market for the 12
months ending with the 4th Quarter of 2013 is DOWN. The Accuracy of the
Trend Forecast for Kankakee is 96%. In other words, when tested against
historical data, the forecasting methodology was correct 96% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Kankakee is 96% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 4th Quarter of 2013 than they were in
the 4th Quarter of 2012. Check this page each quarter for updates to the
Kankakee Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 91%
The forecast for the trend in the Kankakee housing market for the 3 years
ending with the 4th Quarter of 2015 is DOWN. The Accuracy of the Trend
Forecast for Kankakee is 91%. In other words, when tested against historical
data, the forecasting methodology was correct 91% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Kankakee is 91% during this period. If this Housing Market Forecast is correct,
home values will be lower in the 4th Quarter of 2015 than they were in the 4th
Quarter of 2012. Check this page each quarter for updates to the Kankakee
Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Kankakee, Illinois
Historical Home Price Appreciation
Last Quarter 1.28%
Last Year -3.7%
Last 5 Years -13%
Last 10 Years 14%
Last 20 Years 58%
Decline From All Time High 13.43%
Annual Home Price Appreciation Rates
1983 n/a
1984 n/a
1985 n/a
1986 n/a
1987 n/a
1988 15.78%
1989 5.78%
1990 16.15%
1991 2.42%
1992 7.23%
1993 4.46%
1994 7.36%
1995 4.85%
1996 2.92%
1997 1.71%
1998 2.67%
1999 0.87%
2000 2.83%
2001 3.61%
2002 2.31%
2003 5.64%
2004 4.87%
2005 9.26%
2006 5.71%
2007 2.46%
2008 -2.05%
2009 -3.77%
2010 -1.78%
2011 -2.85%
2012 -3.70%
Real Estate Appreciation, Rank & Percentile
Last Quarter 1.28% Rank: 88 of 381 (77th Percentile)
Last Year . . . . . . . . . . . . . . . . -3.7% Rank: 367 of 381 (3rd Percentile)
Last 5 Years -13% Rank: 232 of 381 (39th Percentile)
Last 10 Years . . . . . . . . . . . . 14% Rank: 235 of 381 (38th Percentile)
Last 20 Years 58% Rank: 285 of 368 (22nd Percentile)
Decline From All Time High 13.43%
Home Price appreciation rates for Kankakee-Bradley, IL are shown above for
five time periods. For example: Kankakee appreciated 1.28% in the Last
Quarter. At that rate, the Kankakee Real Estate Market was ranked 88th out of
381 metropolitan areas for Real Estate Appreciation. Kankakee was in the 77th
percentile. So Kankakee, IL performed better in the Last Quarter than 77% of
the 381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Kankakee, Illinois
The data and analysis on this page pertains to Kankakee-Bradley, IL,
hereinafter referred to as "Kankakee". The all time high in the Kankakee Home
Price Index was 162.4 in the 2nd Quarter, of 2008. The 4th Quarter, 2012 index
value was 140.6. That's a decline of 21.81 points or 13.43% below the
Kankakee Home Price Index all time high. The Home Price Index indicates that
the Kankakee Market is up 14% over the last 10 years. Home Prices in the
Kankakee Real Estate Market have lost 3.70% over the last 12 months.
The 4th Quarter index value was 1.77 points higher than the 3rd Quarter, 2012
index value of 138.82, resulting in a 1.28% rise in the 4th Quarter for the
Kankakee Market.
The Kankakee Home Price Index increased in the last quarter after falling in the
previous 3 quarters. The current record holder for consecutive increases in the
Home Price Index is Bismarck, ND, with increases in the last 11 consecutive
quarters. The current record holder for consecutive declines in the Home Price
Index is Tallahassee, FL, with declines in the last 5 consecutive quarters.
The highest annual home appreciation rate in the Kankakee Real Estate Market
was 16% in the twelve months ended with the 4th Quarter of 1990. The worst
annual home appreciation rate in the Kankakee Market was -7% in the twelve
months ended with the 1st Quarter of 2012.
The highest home appreciation in the Kankakee Real Estate Market over a
three year period was 42% in the three years ended with the 4th Quarter of
1990. The worst home appreciation over a three year period in the Kankakee
Market was -14% in the three years ended with the 1st Quarter of 2012.
This page provides a long term graph of the Kankakee Home Price Index
(above). For information about Illinois home values, look at the links under that
chart. One link opens a forecast for home appreciation rates in the state of
Illinois. Another link opens the home price index chart for Illinois. Just one
glance at Forecast-Chart.com's long term charts can provide tremendous
insight into the historical trends of residential property values. Bookmark this
page! Then Forecast-Chart.com's detailed research and statistics about
Kankakee Home Prices will be at your fingertips when you need them.
Historical data on the Kankakee Home Price Index is available back to the 3rd
Quarter, of 1987. All calculations are based on the quarterly value of the House
Price Index for the Kankakee Market. The terms House Price Index and Home
Price Index, as used in this site, refer to the Federal Housing Finance Agency
(FHFA) House Price Index.
Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Kankakee Real Estate Market and hundreds
of other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.
Part 4: APPRECIATION RATES & RANKINGS
4th Quarter, 2012 Housing Data: Kankakee, Illinois
The appreciation of Kankakee Home Prices relative to 380 other metropolitan
areas is detailed below. Each metropolitan area contains one or more cities.
Five different time periods are reviewed. Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period. The data and analysis on this page pertains
to Kankakee-Bradley, IL, hereinafter referred to as "Kankakee".
Last Quarter:
During the 4th Quarter of 2012, Kankakee Home Prices had a rank of 88, with
appreciation of 1.28%. The top performing real estate market during the 4th
Quarter was Bismarck, ND, with appreciation of 4.55%. The worst market during
that period was Hattiesburg, MS, with appreciation of -4.02%.
The median appreciation for all cities during the 4th Quarter was 0.47%. The
average appreciation for all markets during the quarter was 0.54%.
Last Year:
During the last 12 months, Kankakee Home Prices had a rank of 367, with
appreciation during the year of -3.70%. The top performing market during the
last year was Bismarck, ND, with appreciation of 13.4%. The worst real estate
market during that period was Gainesville, FL, with appreciation of -6.8%.
The median appreciation for all markets during this period was 0.27%. The
average appreciation was 0.31%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2012, Kankakee Home Prices
ranked 232, with a total appreciation of -13.4%. The top performing real estate
market during the 5 year period was Bismarck, ND, with appreciation of 24%.
The worst market during that period was Las Vegas, NV, with appreciation of
-54%.
The median appreciation for all cities during this time period was -9%. The
average appreciation over the 5 years was -12%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2012, Kankakee Home Prices
had a rank of 235, with appreciation during the decade of 14%. The top
performing market during the period was Midland, TX, with appreciation of
104%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -31%.
The median appreciation for all markets during the last 10 years was 18%. The
average appreciation for the cities over that time frame was 18%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2012, Kankakee Home Prices
had a rank of 285, with total appreciation over the 20 year period of 58%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 210%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 7%.
The median appreciation for all cities during the last 20 years was 78%. The
average appreciation for the markets over that time frame was 80%.
Historical research data on the Home Price Index for the Kankakee Real Estate
Market is available back to the 3rd Quarter, of 1987. All calculations are based
on the quarterly value of the House Price Index for Kankakee. Real estate
appreciation figures represent total appreciation over each time period. (Unless
specifically stated, the appreciation figures do not represent annual or quarterly
rates of appreciation.)
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
SignalTrend Inc. 2008 - 2012, All Rights Reserved
4th Quarter, 2012 Housing Statistics: Kankakee, Illinois
Part 1: HOUSING MARKET FORECAST
12 Month Forecast: DOWN
Forecast Accuracy: 96%
Forecast-Chart.com publishes forecasts for the trend in home prices in 380
Metropolitan Statistical Areas. The House Price Trend will be either UP or
DOWN. The forecast for the trend in the Kankakee housing market for the 12
months ending with the 4th Quarter of 2013 is DOWN. The Accuracy of the
Trend Forecast for Kankakee is 96%. In other words, when tested against
historical data, the forecasting methodology was correct 96% of the time.
Accordingly, Forecast-Chart.com estimates that the probability for falling house
prices in Kankakee is 96% during this period. If this Housing Market Forecast is
correct, home prices will be lower in the 4th Quarter of 2013 than they were in
the 4th Quarter of 2012. Check this page each quarter for updates to the
Kankakee Real Estate Market Forecast.
3 Year Forecast: DOWN
Forecast Accuracy: 91%
The forecast for the trend in the Kankakee housing market for the 3 years
ending with the 4th Quarter of 2015 is DOWN. The Accuracy of the Trend
Forecast for Kankakee is 91%. In other words, when tested against historical
data, the forecasting methodology was correct 91% of the time. Accordingly,
Forecast-Chart.com estimates that the probability for falling house prices in
Kankakee is 91% during this period. If this Housing Market Forecast is correct,
home values will be lower in the 4th Quarter of 2015 than they were in the 4th
Quarter of 2012. Check this page each quarter for updates to the Kankakee
Real Estate Market Forecast.
Part 2: MARKET SUMMARY
4th Quarter, 2012 Housing Data: Kankakee, Illinois
Historical Home Price Appreciation
Last Quarter 1.28%
Last Year -3.7%
Last 5 Years -13%
Last 10 Years 14%
Last 20 Years 58%
Decline From All Time High 13.43%
Annual Home Price Appreciation Rates
1983 n/a
1984 n/a
1985 n/a
1986 n/a
1987 n/a
1988 15.78%
1989 5.78%
1990 16.15%
1991 2.42%
1992 7.23%
1993 4.46%
1994 7.36%
1995 4.85%
1996 2.92%
1997 1.71%
1998 2.67%
1999 0.87%
2000 2.83%
2001 3.61%
2002 2.31%
2003 5.64%
2004 4.87%
2005 9.26%
2006 5.71%
2007 2.46%
2008 -2.05%
2009 -3.77%
2010 -1.78%
2011 -2.85%
2012 -3.70%
Real Estate Appreciation, Rank & Percentile
Last Quarter 1.28% Rank: 88 of 381 (77th Percentile)
Last Year . . . . . . . . . . . . . . . . -3.7% Rank: 367 of 381 (3rd Percentile)
Last 5 Years -13% Rank: 232 of 381 (39th Percentile)
Last 10 Years . . . . . . . . . . . . 14% Rank: 235 of 381 (38th Percentile)
Last 20 Years 58% Rank: 285 of 368 (22nd Percentile)
Decline From All Time High 13.43%
Home Price appreciation rates for Kankakee-Bradley, IL are shown above for
five time periods. For example: Kankakee appreciated 1.28% in the Last
Quarter. At that rate, the Kankakee Real Estate Market was ranked 88th out of
381 metropolitan areas for Real Estate Appreciation. Kankakee was in the 77th
percentile. So Kankakee, IL performed better in the Last Quarter than 77% of
the 381 metropolitan areas covered in Forecast-Chart.com.
Part 3: MARKET HIGHLIGHTS
4th Quarter, 2012 Housing Statistics: Kankakee, Illinois
The data and analysis on this page pertains to Kankakee-Bradley, IL,
hereinafter referred to as "Kankakee". The all time high in the Kankakee Home
Price Index was 162.4 in the 2nd Quarter, of 2008. The 4th Quarter, 2012 index
value was 140.6. That's a decline of 21.81 points or 13.43% below the
Kankakee Home Price Index all time high. The Home Price Index indicates that
the Kankakee Market is up 14% over the last 10 years. Home Prices in the
Kankakee Real Estate Market have lost 3.70% over the last 12 months.
The 4th Quarter index value was 1.77 points higher than the 3rd Quarter, 2012
index value of 138.82, resulting in a 1.28% rise in the 4th Quarter for the
Kankakee Market.
The Kankakee Home Price Index increased in the last quarter after falling in the
previous 3 quarters. The current record holder for consecutive increases in the
Home Price Index is Bismarck, ND, with increases in the last 11 consecutive
quarters. The current record holder for consecutive declines in the Home Price
Index is Tallahassee, FL, with declines in the last 5 consecutive quarters.
The highest annual home appreciation rate in the Kankakee Real Estate Market
was 16% in the twelve months ended with the 4th Quarter of 1990. The worst
annual home appreciation rate in the Kankakee Market was -7% in the twelve
months ended with the 1st Quarter of 2012.
The highest home appreciation in the Kankakee Real Estate Market over a
three year period was 42% in the three years ended with the 4th Quarter of
1990. The worst home appreciation over a three year period in the Kankakee
Market was -14% in the three years ended with the 1st Quarter of 2012.
This page provides a long term graph of the Kankakee Home Price Index
(above). For information about Illinois home values, look at the links under that
chart. One link opens a forecast for home appreciation rates in the state of
Illinois. Another link opens the home price index chart for Illinois. Just one
glance at Forecast-Chart.com's long term charts can provide tremendous
insight into the historical trends of residential property values. Bookmark this
page! Then Forecast-Chart.com's detailed research and statistics about
Kankakee Home Prices will be at your fingertips when you need them.
Historical data on the Kankakee Home Price Index is available back to the 3rd
Quarter, of 1987. All calculations are based on the quarterly value of the House
Price Index for the Kankakee Market. The terms House Price Index and Home
Price Index, as used in this site, refer to the Federal Housing Finance Agency
(FHFA) House Price Index.
Significant time is required to research quarterly sales price and appraisal data
from mortgage transactions in the Kankakee Real Estate Market and hundreds
of other cities. As a result, Home Price data is not available for a number of
months after the end of each quarter.
Part 4: APPRECIATION RATES & RANKINGS
4th Quarter, 2012 Housing Data: Kankakee, Illinois
The appreciation of Kankakee Home Prices relative to 380 other metropolitan
areas is detailed below. Each metropolitan area contains one or more cities.
Five different time periods are reviewed. Each paragraph identifies the top and
bottom performing markets as well as the average and median performance for
all cities during each time period. The data and analysis on this page pertains
to Kankakee-Bradley, IL, hereinafter referred to as "Kankakee".
Last Quarter:
During the 4th Quarter of 2012, Kankakee Home Prices had a rank of 88, with
appreciation of 1.28%. The top performing real estate market during the 4th
Quarter was Bismarck, ND, with appreciation of 4.55%. The worst market during
that period was Hattiesburg, MS, with appreciation of -4.02%.
The median appreciation for all cities during the 4th Quarter was 0.47%. The
average appreciation for all markets during the quarter was 0.54%.
Last Year:
During the last 12 months, Kankakee Home Prices had a rank of 367, with
appreciation during the year of -3.70%. The top performing market during the
last year was Bismarck, ND, with appreciation of 13.4%. The worst real estate
market during that period was Gainesville, FL, with appreciation of -6.8%.
The median appreciation for all markets during this period was 0.27%. The
average appreciation was 0.31%.
Last 5 Years:
Over the 5 years ended with the 4th Quarter of 2012, Kankakee Home Prices
ranked 232, with a total appreciation of -13.4%. The top performing real estate
market during the 5 year period was Bismarck, ND, with appreciation of 24%.
The worst market during that period was Las Vegas, NV, with appreciation of
-54%.
The median appreciation for all cities during this time period was -9%. The
average appreciation over the 5 years was -12%.
Last 10 Years:
During the 10 years ended in the 4th Quarter of 2012, Kankakee Home Prices
had a rank of 235, with appreciation during the decade of 14%. The top
performing market during the period was Midland, TX, with appreciation of
104%. The worst real estate market during the 10 year time period was Detroit,
MI, with appreciation of -31%.
The median appreciation for all markets during the last 10 years was 18%. The
average appreciation for the cities over that time frame was 18%.
Last 20 Years:
During the 20 years ended in the 4th Quarter of 2012, Kankakee Home Prices
had a rank of 285, with total appreciation over the 20 year period of 58%. The
top performing real estate market during the period was Casper, WY, with
appreciation of 210%. The worst market during the last 20 years was Las
Vegas, NV, with appreciation of 7%.
The median appreciation for all cities during the last 20 years was 78%. The
average appreciation for the markets over that time frame was 80%.
Historical research data on the Home Price Index for the Kankakee Real Estate
Market is available back to the 3rd Quarter, of 1987. All calculations are based
on the quarterly value of the House Price Index for Kankakee. Real estate
appreciation figures represent total appreciation over each time period. (Unless
specifically stated, the appreciation figures do not represent annual or quarterly
rates of appreciation.)
_____________________________________________________________
Report a Problem with this Page Contact Us Privacy Policy Terms of Use/Disclosure
SignalTrend Inc. 2008 - 2012, All Rights Reserved
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