Champaign, IL is a great place to buy a home. The median value of homes currently stands at $190,400, which is much lower than the overall US median housing value of $338,100. Additionally, the one year house appreciation in Champaign, IL is 8.72%, slightly higher than the national average of 8.27%. This makes Champaign an attractive option for those looking to invest in real estate and benefit from strong capital gains over time.
The median home cost in Champaign is $190,400. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Champaign is up 14.5%.
Average Age of Homes
- The median age of Champaign real estate is 39 years old
The Rental Market in Champaign
- Renters make up 47.3% of the Champaign population
- 6.1% of houses and apartments in Champaign, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.