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Friday, November 22, 2024

Analysis: Ford County ranks 22nd in foreclosure rates among Illinois urban areas

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Ford County in the Champaign-Urbana Metropolitan Statistical Area (MSA) recorded the 22nd highest foreclosure rate for Illinois MSAs during the first quarter of the year, according to an ATTOM Data Solutions analysis of property data.

One in 632 properties in Ford County started the foreclosure process during the first quarter of the year. In Champaign County, which is also part of the Champaign-Urbana metro area, 1 in 985 properties were in foreclosure. Piatt County came in at 1 in 1,835, and Vermilion County in the Danville MSA had a foreclosure rate of 1 in 1,161.

The data shows 10 Ford County properties with a foreclosure filing during the first three months of 2018. The county has more than 6,000 housing units. The foreclosure rate in the county is down 23.08 percent from the end of 2017 and up 100 percent from a year ago.

Illinois ranks fourth in the nation for foreclosures. A total of 12,485 Illinois properties started the foreclosure process in the first quarter – a 4.7 percent decrease over the fourth quarter of 2017 and a 25.26 percent decrease from this time last year.

Metropolitan statistical area foreclosure rates

Metro Statistical AreaCountyPopulationHousing UnitsQ1 2018 Properties with Foreclosure FilingsForeclosure Rate (Housing Units Per Foreclosure Filing)Change from Q4 2017 (%)Change from Q1 2017 (%)
Chicago-Naperville-Elgin, IL-IN-WIKendall  121,452   41,088 90945535.66444.31
Chicago-Naperville-Elgin, IL-IN-WIDe Kalb  104,458   41,017 70458540.00496.61
Chicago-Naperville-Elgin, IL-IN-WIGrundy  50,338   20,358 172118300.00290.91
Chicago-Naperville-Elgin, IL-IN-WIMchenry  307,083   117,242 46425331.077.66
Peoria, ILPeoria  186,818   83,487 30927025.61-7.76
Rockford, ILWinnebago  288,896   125,591 385326-20.29-33.51
Chicago-Naperville-Elgin, IL-IN-WIWill  685,378   239,953 700343-21.96-36.25
Davenport-Moline-Rock Island, IA-ILHenry  49,681   22,096 6434523.0825.49
St. Louis, MO-ILMadison  266,759   118,170 33735141.60-15.96
Chicago-Naperville-Elgin, IL-IN-WICook  5,227,575   2,177,342 6088358-9.42-32.93
St. Louis, MO-ILSaint Clair  265,569   118,372 31837215.64-26.05
Davenport-Moline-Rock Island, IA-ILRock Island  146,536   65,800 1693893.68-28.69
Rockford, ILBoone  53,656   19,959 49407-25.76-9.26
Peoria, ILTazewell  135,400   58,172 138422-15.85-12.66
Chicago-Naperville-Elgin, IL-IN-WIKane  526,615   184,075 414445-8.81-30.54
Cape Girardeau,

MO-IL

Alexander  7,051   3,974 849714.29166.67
St. Louis, MO-ILMacoupin  46,482   21,556 42513-20.7555.56
Ottawa-Peru, ILLa Salle  111,935   49,871 9651950.001.05
Charleston-Mattoon, ILColes  52,802   23,425 4354572.0086.96
Galesburg, ILKnox  51,752   23,908 43556-8.51207.14
Sterling, ILWhiteside  57,155   25,722 426127.6944.83
Champaign-Urbana, ILFord  13,758   6,324 10632-23.08100.00
Paducah, KY-ILMassac  14,883   7,082 11644-21.43175.00
St. Louis, MO-ILJersey  22,441   10,016 1566887.5036.36
Bloomington, ILDewitt  16,322   7,513 1168383.3337.50
St. Louis, MO-ILBond  17,137   7,101 1071066.67150.00
Kankakee, ILKankakee  111,493   45,182 5779329.5542.50
Bloomington, ILMclean  173,254   71,254 8682913.16-21.10
Pontiac, ILLivingston  37,278   15,845 1983458.33-17.39
Decatur, ILMacon  108,404   50,321 57883-16.18-35.23
St. Louis, MO-ILMonroe  33,703   13,771 15918-11.76-31.82
Ottawa-Peru, ILBureau  33,822   15,664 16979-5.8877.78
Champaign-Urbana, ILChampaign  206,420   89,646 91985-25.41-14.95
Centralia, ILMarion  38,503   18,132 181,007-28.000.00
Canton, ILFulton  36,047   16,190 151,0797.1425.00
Mount Vernon, ILJefferson  38,523   16,836 151,12215.38-6.25
Danville, ILVermilion  79,613   36,005 311,161-26.1919.23
Carbondale-Marion, ILWilliamson  67,336   30,794 261,184-49.02-18.75
Taylorville, ILChristian  33,888   15,501 131,192-23.5385.71
St. Louis, MO-ILCalhoun  4,962   2,843 21,422

Fort Madison-

Keokuk, IA-IL-MO

Hancock  18,633   9,212 61,535-33.33200.00
Jacksonville, ILMorgan  34,801   15,412 101,541-28.57-9.09
Ottawa-Peru, ILPutnam  5,746   3,107 21,554

Freeport, ILStephenson  46,283   21,899 131,6858.330.00
Lincoln, ILLogan  29,820   11,966 71,709-22.22-50.00
Macomb, ILMcdonough  31,727   14,395 81,79933.330.00
Springfield, ILSangamon  198,639   90,612 501,812-20.63-40.48
Champaign-Urbana, ILPiatt  16,469   7,338 41,835-33.330.00
Quincy, IL-MOAdams  66,949   29,991 161,874-33.330.00
Carbondale-Marion, ILJackson  59,188   28,683 151,912-25.00-16.67
Dixon, ILLee  34,718   15,042 72,149-41.67-50.00
St. Louis, MO-ILClinton  37,858   15,539 72,220-22.22-36.36
Chicago-Naperville-Elgin, IL-IN-WILake  702,890   261,715 1132,316-85.51-87.98
Charleston-Mattoon, ILCumberland  10,890   4,854 22,427100.00100.00
Davenport-Moline-Rock Island, IA-ILMercer  15,971   7,368 32,456-57.1450.00
Springfield, ILMenard  12,576   5,669 22,835-60.00-50.00
Effingham, ILEffingham  34,356   14,731 43,68333.330.00
Rochelle, ILOgle  52,034   22,552 63,759-73.91-57.14
Burlington, IA-ILHenderson  6,966   3,827 13,827

0.00
Peoria, ILWoodford  39,123   15,344 35,115-72.73-57.14
Peoria, ILMarshall  12,060   5,896 15,896-83.33-83.33
Chicago-Naperville-Elgin, IL-IN-WIDu Page  930,514   357,549 2514,302-96.37-97.15
Jacksonville, ILScott  5,169   2,453 0

-100.00
Peoria, ILStark  5,840   2,665 0

-100.00-100.00
Source: ATTOM Data Solutions

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