Champaign County, Illinois Housing Market Prices
Champaign County Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 42% below the Illinois median$86,997
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Median rent 17% below the Illinois median More expensive than 90% of counties in Illinois$1,051
Median Home Price Map: Nearby Counties
Housing Market Overview
| Metric | Champaign County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $86,997 | $149,936 | $248,835 |
| Price Trend (Annual %) | 2.6% | 2.5% | 7.5% |
| Median Gross Rent | $1,051 | $1,274 | $1,407 |
| Rent Trend (Annual %) | 3.1% | 4.1% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Champaign County is about 42% lower than in Illinois. Rent is about 17% lower than the Illinois average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Champaign County, up about 2.6% and 3.1% a year respectively. Rent is changing faster.
Median rent in Champaign County rose about 29.2% between 2015 and 2024, from $814 to $1,051. Over the same span, rent in Illinois rose about 40.4%.
Affordability
On average, housing unit costs 1.4 yearly household incomes in Champaign County.
Buying the median-priced home in Champaign County costs roughly 6.9 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Champaign County. The price-to-rent ratio in Illinois is about 9.8.
| Metric | Champaign County | Illinois Avg | US Average |
|---|---|---|---|
| Median Home Price | $86,997 | $149,936 | $248,835 |
| Median Household Income | $64,164 | $84,042 | $80,455 |
| Price-to-Income Ratio | 1.4 | 1.8 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Champaign County rose about 4.3%, while median household income rose about 44.4% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Champaign County | Illinois Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 48.5% | 61.9% | 58.5% |
| Rental Rate | 41.3% | 30.4% | 31.2% |
| Vacancy Rate | 10.1% | 7.7% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Champaign County has a homeownership rate of 48.5%, lower than the Illinois average of 61.9%. Its housing vacancy rate is 10.1%, compared with 7.7% in Illinois.
Housing Stock
| Metric | Champaign County | Illinois Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.27 people | 2.46 people | 2.53 people |
| Median Structure Built Year | 1981 | 1969 | 1978 |
| Median Number of Rooms | 5.3 | 5.6 | 5.5 |
The typical housing unit in Champaign County was built around 1981. On average, 2.3 people live in a home with about 5.3 rooms, staying for about 13.0 years on average.
Champaign County, IL Housing Compared With Nearby Counties
Champaign County, IL is the largest of the 5 counties compared here, 208,737 residents against a local median of 33,262. Champaign County, IL's median home price, at $86,997, runs 27% above the $68,561 typical of the counties around it.
Homeownership tells the same story from another angle: 54.0% against a local median of 73.6%, 27% below it. The one measure here that carries a verdict is homeownership, and at 27% below the local median it puts Champaign County, IL at the weaker end of the local range. The counties themselves spread $715,341 on median home price, so Champaign County, IL sits at one end of an already wide local range rather than apart from it. Champaign County, IL has the 2nd highest median home price of the 5 areas compared here.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Champaign County, IL | 208,737 | $86,997 #2/5 | $1,051 #1/5 | 54.0% #5/5 |
| Douglas County, IL | 19,749 | $54,642 | $847 | 76.9% |
| Piatt County, IL | 16,695 | $38,940 | $1,046 | 84.8% |
| Vermilion County, IL | 72,384 | $82,480 | $838 | 70.2% |
| Coles County, IL | 46,775 | $754,281 | $779 | 60.4% |
Frequently Asked Questions
Common questions about the housing market in Champaign County, Illinois.
What is the median home price in Champaign County, Illinois?
The median home price in Champaign County, Illinois is $86,997, lower than the Illinois average of $149,936.
What is the average home price in Champaign County, Illinois?
The typical home price in Champaign County, Illinois, reported as the median sale price, is $86,997. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Champaign County, Illinois?
The median gross rent in Champaign County, Illinois is $1,051 per month, lower than the Illinois average of $1,274.
What was the median gross rent in Champaign County in 2020?
In 2020, the median gross rent in Champaign County, Illinois was $872 per month.
What is the price-to-rent ratio in Champaign County, Illinois?
The price-to-rent ratio in Champaign County, Illinois is about 6.9, meaning it would take roughly 6.9 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Champaign County.
Are home prices or rent rising faster in Champaign County, Illinois?
Both home prices and rent are rising in Champaign County, up about 2.6% and 3.1% a year respectively. Rent is changing faster.
What is the homeownership rate in Champaign County, Illinois?
48.5% of households in Champaign County, Illinois own their home, lower than the Illinois average of 61.9%.
What is the vacancy rate in Champaign County, Illinois?
The housing vacancy rate in Champaign County, Illinois is 10.1%, higher than the Illinois average of 7.7%.
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