Nine Illinois cities earned spots on a ranking of the U.S. housing markets suffering most from high foreclosure rates and low or negative price changes, according to the personal finance website GOBankingRates.
Those cities are Peoria, Champaign, Elgin, Aurora, Plainfield, Decatur, Chicago, Joliet and Rockford. The analysis, which examined foreclosure rates and changes in home values during one- and two-year periods, found that 36 of the listed cities are located in four states: Louisiana, Illinois, California and Texas.
Peoria, which occupies the No. 12 spot, posted an average home value in July of $89,001, according to GOBankingRates. And average home values in the city declined 0.19 percent over two years, the report said. One in every 4,159 homes in Peoria is in foreclosure, according to the analysis.
At No. 40, Chicago had an average home value of $232,722 in July, with one in every 9,796 homes in foreclosure, GOBankingRates found.
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50 Worst U.S. Housing Markets
Rank | Housing Market | July 2020 Home Value | 1-year Price Change | 2-year Price Change | Foreclosure Rate |
1 | Jackson, Miss. | $40,024 | -8.92% | -9.95% | 1 per 5,004 homes |
2 | Longview, Texas | $155,139 | -9.90% | -2.91% | 1 per 5,158 homes |
3 | Redwood City, Calif. | $1,677,126 | -1.04% | -5.20% | 1 per 6,529 homes |
4 | San Mateo, Calif. | $1,562,690 | -0.65% | -6.09% | 1 per 10,118 homes |
5 | Fremont, Calif. | $1,139,622 | -1.09% | -4.79% | 1 per 10,811 homes |
6 | Laredo, Texas | $159,321 | -4.31% | -1.79% | 1 per 5,296 homes |
7 | Santa Rosa, Calif. | $608,752 | 0.13% | -4.82% | 1 per 3,893 homes |
8 | Lake Charles, La. | $179,930 | -1.23% | -1.74% | 1 per 4,148 homes |
9 | Stamford, Conn. | $579,399 | -0.67% | -1.18% | 1 per 5,268 homes |
10 | Albany, Ga. | $88,190 | -1.38% | 1.74% | 1 per 4,323 homes |
11 | Edison, N.J. | $407,257 | -0.36% | -0.62% | 1 per 8,168 homes |
12 | Peoria, Ill. | $89,001 | 0.87% | -0.19% | 1 per 4,159 homes |
13 | New Orleans | $224,293 | 1.46% | -0.22% | 1 per 3,739 homes |
14 | Baltimore | $153,279 | 0.57% | 3.51% | 1 per 2,816 homes |
15 | Irvine, Calif. | $1,043,105 | 0.35% | -0.26% | 1 per 6,172 homes |
16 | Champaign, Ill. | $150,666 | 2.33% | 4.67% | 1 per 2,093 homes |
17 | Baton Rouge, La. | $193,558 | 1.73% | -0.71% | 1 per 5,878 homes |
18 | Monroe, La. | $117,916 | 0.77% | 1.28% | 1 per 6,576 homes |
19 | Richmond, Calif. | $585,965 | 0.21% | 2.80% | 1 per 4,239 homes |
20 | San Francisco | $1,484,177 | 0.48% | -0.16% | 1 per 10,441 homes |
21 | Elgin, Ill. | $217,006 | 0.72% | 4.08% | 1 per 4,157 homes |
22 | Aurora, Ill. | $199,387 | 0.92% | 3.09% | 1 per 5,632 homes |
23 | Bryan, Texas | $191,949 | 0.49% | 4.71% | 1 per 4,720 homes |
24 | Lafayette, La. | $179,084 | 1.45% | 0.82% | 1 per 12,054 homes |
25 | Plano, Texas | $351,661 | 1.28% | 0.57% | 1 per 11,274 homes |
26 | Lakewood Township, N.J. | $413,330 | 1.16% | 0.43% | 1 per 13,056 homes |
27 | Sugar Land, Texas | $318,902 | 1.25% | 1.23% | 1 per 11,118 homes |
28 | Williamsburg, Va. | $338,446 | 1.30% | 2.59% | 1 per 7,018 homes |
29 | Delray Beach, Fla. | $359,797 | 2.36% | 4.50% | 1 per 3,305 homes |
30 | Newark, Del. | $262,161 | 3.45% | 4.85% | 1 per 2,760 homes |
31 | Tracy, Calif. | $535,983 | 1.75% | 3.45% | 1 per 4,460 homes |
32 | Georgetown, Texas | $329,335 | 0.84% | 4.26% | 1 per 11,428 homes |
33 | Shreveport, La. | $108,460 | 4.26% | 2.18% | 1 per 5,637 homes |
34 | Wilmington, Del. | $220,529 | 2.27% | 4.35% | 1 per 5,503 homes |
35 | Vallejo, Calif. | $446,573 | 2.00% | 3.47% | 1 per 5,116 homes |
36 | Albany, N.Y. | $189,966 | 1.71% | 4.98% | 1 per 7,236 homes |
37 | Conroe, Texas | $235,097 | 2.13% | 5.88% | 1 per 4,423 homes |
38 | Plainfield, Ill. | $256,814 | 2.06% | 4.69% | 1 per 5,904 homes |
39 | Decatur, Ill. | $78,350 | 2.48% | 4.08% | 1 per 11,022 homes |
40 | Chicago | $232,722 | 2.01% | 3.74% | 1 per 9,796 homes |
41 | Round Rock, Texas | $311,624 | -0.17% | 6.65% | 1 per 15,143 homes |
42 | Cedar Rapids, Iowa | $157,643 | 2.59% | 6.34% | 1 per 4,165 homes |
43 | Annapolis, Md. | $476,615 | 2.04% | 1.55% | 1 per 14,146 homes |
44 | San Angelo, Texas | $143,511 | 2.23% | 5.68% | 1 per 6,910 homes |
45 | Joliet, Ill. | $154,129 | 2.49% | 6.61% | 1 per 4,666 homes |
46 | College Station, Texas | $259,894 | 3.20% | 5.99% | 1 per 3,337 homes |
47 | Amarillo, Texas | $139,134 | 2.06% | 4.72% | 1 per 13,183 homes |
48 | Fairfield, Calif. | $484,057 | 2.24% | 3.83% | 1 per 5,413 homes |
49 | Charleston, S.C. | $347,338 | 2.53% | 3.95% | 1 per 7,049 homes |
50 | Rockford, Ill. | $96,054 | 2.87% | 8.41% | 1 per 4,096 homes |