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Champaign, IL—61821

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$195,000
6.1% YoY Growth
Household Income
$69,300
24.3% YoY Growth
Days on Market
55
9.0% Longer YoY
Home Price Forecast
1.8%
Median Rent
$1,360
11.3% YoY Growth
1-Bed Rent
$750
8.9% YoY Growth
2-Bed Rent
$1,050
0.9% YoY Growth
3-Bed Rent
$1,500
7.4% YoY Growth

Other Zip Codes in Champaign, IL

6182261820
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Champaign, IL

As of Dec '25, the median home price in Champaign, IL is $195,000, with a year-over-year change of 6.1%. This indicates that home prices in Champaign, IL are increasing. According to Zillow, the 1-year price projection is 1.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$195,0006.1%
Single Family $196,0005.9%
Condos $186,0008.8%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$160,0006.7%
    3 Bed
    		$194,0005.4%
    4 Bed
    		$268,0004.3%
    5 Bed $367,2913.4%
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    % of Housing Stock

    Studio
    0.9%
    1 Bedroom
    12.0%
    2 Bedrooms
    23.3%
    3 Bedrooms
    46.0%
    4 Bedrooms
    13.8%
    5+ Bedrooms
    4.0%

    Rental Trends — Champaign, IL

    As of July '25, Rentcast reports the average rent in Champaign, IL is $1,380, with a year-over-year rent change of 11.3%. Per bedroom, the median rent as of July '25 in Champaign, IL is studios: $717, 1-bedrooms: $859, 2-bedrooms: $1,080, 3-bedrooms: $1,600, 4-bedrooms: $2,040. The most common rental property sizes in Champaign, IL are 2-bedroom and 3-bedroom, accounting for 36.2% and 31.8% of the rental stock.

    TypeMedian RentAverage Rent
    Average Rent$1,360$1,380
    Studio Rent $800$717
    1 Bed Rent $750$859
    2 Bed Rent $1,050$1,080
    3 Bed Rent $1,500$1,600
    4 Bed Rent $1,760$2,040
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    % of Rental Stock

    Studio
    2.1%
    1 Bedroom
    24.9%
    2 Bedrooms
    36.2%
    3 Bedrooms
    31.8%
    4 Bedrooms
    3.0%
    5+ Bedrooms
    2.0%

    Property Listings — Champaign, IL

    As of Dec '25, Realtor.com reports that the median days on market for a home in Champaign, IL is 50. This is a decrease of -11.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$199,0000.0%
    Listing Count
    		8344.0%
    Listings as % of Homes0.4%44.0%
    Days on Market
    		559.0%
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    Demographics — Champaign, IL

    As of the latest ACS Survey released in 2023, Champaign, IL has a population of 28,800, which has decreased by -5.7% over the past 5 years. Champaign, IL is a moderately popular place for families, as children make up 21.2% of the population. The area has a highly educated workforce, with 49.5% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.7% reporting working from home.

    MetricLatest CensusYoY % Change
    Population
    		28,800-5.7%
    % Under 18
    		21.2%-2.3%
    % Seniors
    		17.3%15.3%
    % WFH
    		12.7%202.4%
    % w/ College Degree
    		49.5%11.2%
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    As of the latest ACS Survey released in 2023, Champaign, IL is a predominantly white area, with 56.8% of the population identifying as white. The white population has shrunk by 9.7% in the last 5 years. The second most common race or ethnicity in Champaign, IL is black, making up 23.7% of the population. Foreign-born residents account for 14.0% of the population in Champaign, IL, and this percentage has increased by 41.4% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.

    Race and Ethnicity

    MetricLatest Census5-Year % Change
    % White
    		56.8%-9.7%
    % Black
    		23.7%-1.3%
    % Hispanic
    		7.8%32.2%
    % Asian
    		8.0%66.7%
    % Foreign Born
    		14.0%41.4%
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    Mortgage and Risk — Champaign, IL

    According to HUD data as of 2023, there were 474 mortgage originations in Champaign, IL, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 74.0%, with 32.0% above 90% LTV (very high). This implies large mortgage risk in Champaign, IL. Investor activity is low, as 11.0% of loans were by investors. 5.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.

    Mortgages

    MetricZip Code Average
    Total Loan Originations
    		474
    % Conventional Loans
    		87.0%
    % Government Loans
    		13.0%
    % Investor Loans
    		11.0%
    % Second Loans
    		1.0%
    % Cash Out Refinance
    		5.0%
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    Rentals and Section 8 — Champaign, IL

    As of 2024, the percent of homes in Champaign, IL under the Section 8 program is 17.7%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Champaign, IL, because HUD payments exceed market rent, while 3-bedroom and 4-bedroom units do not.

    Section 8 Market Size

    Total Units under HUD
    		860
    Total Units Section 8
    		860
    % Rentals under Section 8
    		17.7%
    % Occupied Section 8
    		85.1%

    Section 8 Opportunity

    Home SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$220$750$970
    2 Bedroom$100$1,050$1,150
    3 Bedroom$0$1,500$1,500
    4 Bedroom-$240$1,760$1,520

    Affordability — Champaign, IL

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.3
    Median Home Price$195,000
    Median Household Income$69,300

    Champaign, IL — ZIP Code Boundary Map

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    Nearby ZIP Codes

    Champaign, IL

    61820

    Champaign, IL

    61822

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    61874

    Urbana, IL

    61801

    Bondville, IL

    61815

    Frequently Asked Questions