Champaign, Illinois Real Estate & Housing Market

Champaign, IL Listings

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Champaign Housing Information

Index	Champaign	Illinois	National
Median home price	$152,000	$174,800	$184,700
Median rent asked	$877	$925	$949
Avg. people per household	2.3	2.6	2.6
Owner occupied households	46.8%	66.0%	63.6%
Renter occupied households	53.2%	34.0%	36.4%

Above, you'll find an overview of the real estate market in Champaign, IL. Generally, real estate in the Champaign, IL area is more affordable in Illinois, as the median price of a home in Champaign, IL is $152,000, which is 13% lower than the Illinois average. The median rental price in Champaign, IL is $877. This is 5% lower than the average rental price in Illinois. Home owners comprise 46.8% of the population of Champaign, IL, where an average of 2.3 people live in each home. Various real estate options from luxurious homes to affordable condos and urban townhomes are available in Champaign, IL. Below, you can search for real estate listings in Champaign, IL using our search functionality that allows you to personalize your search and filter out location, price, and number of bedrooms and bathrooms.

Champaign Home Affordability

When searching for real estate in Champaign, IL, home affordability is a critical aspect. The ratio of the house price to the median household income is one method used to figure out home affordability. In Champaign, IL, the median house price is $152,000, while the median income for households in the area is $45,198. Therefore, the ratio of house price to income is 3.4x; this ratio is 14% higher than the average in Illinois. The calculation for the ratio of home affordability requires dividing the median household income by the median house price. The lower the aforementioned ratio, the more affordable homes are - when comparing the house price to the household income. However, there are more factors that come into play in terms of home affordability. The calculator below determines home affordability, and it can help you decide how much money you can afford to pay for real estate in Champaign, IL.

Nearby cities with low home prices

City, State	Population	Home Price	National Avg.
Broadlands, IL	338	$83,600	55%
Thomasboro, IL	1,122	$85,800	54%
Ivesdale, IL	251	$88,100	52%
Rantoul, IL	13,238	$88,800	52%
Sadorus, IL	375	$95,300	48%
Champaign, IL	84,672	$152,000	18%

Cities with similar population

City, State	Population	Home Price	National Avg.
Riverview, FL	84,590	$166,400	10%
Trenton, NJ	84,559	$100,000	46%
Alhambra, CA	84,866	$518,800	181%
Bellingham, WA	84,462	$306,300	66%
Ogden, UT	84,900	$133,300	28%
Champaign, IL	84,672	$152,000	18%

Source: The Champaign, IL housing data displayed above is derived from the 2016 United States Census Bureau American Community Survey (ACS).