Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$238,398+5.0% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 23% have cut their price
Income needed to buy, per year$51,680About 0.8× the local median income ($64,240): affordable for a typical household
Days on market64 daysSlower than a year ago: buyers have time to negotiate
Next 12 months+4.2%Zillow expects prices to rise strongly
The typical home in Champaign County, IL is worth $238,398, up 5.0% from a year ago. That is well above what local incomes have historically supported: fair value is about $214,050, so the area is 11.4% overvalued. It is a balanced market: homes take about 64 days to sell, listings are up 41% from a year ago, 23% of listings have had a price cut. Zillow expects prices to rise about 4.2% over the next year. A household needs about $51,680 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $64,240. Typical rent is $1,389 a month, or $1,807 for a house. In the latest IRS figures, 2,185 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$238,398
Change in 1 year
+5.0%
Overvalued %
+11.4%
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Fair home value
$214,050
Change in 5 years
+31.9%
Zillow forecast, next 12 months
+4.2%
Home value to income
3.7×
Monthly mortgage payment (20% down)
$1,292
Income needed to afford it
$51,680
Property tax rate
2.06%
Rent and investing
Typical rent
$1,389
Typical rent for houses
$1,807
Price-to-rent ratio
14.3×
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HUD Fair Market Rent, 2 bedrooms
$1,173
Gross rental yield
6.99%
Cap rate (estimate)
4.55%
Market activity
Listings vs a year ago
+41.0%
Days on market
64
Listings with a price cut
22.9%
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Homes for sale
437
Pending sales per 100 listings
42
Asking price per sq ft
$170
People and jobs
Median household income
$64,240
Population change (1 year)
+0.4%
Unemployment rate
4.3%
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Population
209,972
Income adjusted for cost of living
$69,299
Net moves in (IRS)
−2,185
Cost of living (US = 100)
92.7
Schools, risk and environment
School rating (1 to 10)
5.4
FEMA hazard risk score (0 to 100)
90.5
Unhealthy air days a year
4
Show 4 more
Flood risk score
90.4
Wildfire risk score
16.2
Walkability (1 to 20)
11.5
Road, rail and air noise
53 dB
Questions people ask
Is Champaign County, IL overvalued?
Home prices in Champaign County, IL are well above what local incomes have historically supported: fair value is about $214,050, so the area is 11.4% overvalued.
Is Champaign County, IL a buyer's or seller's market?
Champaign County, IL is a balanced market: homes take about 64 days to sell, listings are up 41% from a year ago, 23% of listings have had a price cut.
Are home prices going down in Champaign County, IL?
Home values in Champaign County, IL are up 5.0% over the last year. Zillow's forecast for the next 12 months is +4.2%.
How much do you need to earn to buy a home in Champaign County, IL?
A household needs about $51,680 a year to afford the typical home in Champaign County, IL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $64,240.