The housing market in Champaign, IL County is a great place to live and invest. The median value of housing in the county is currently $177,400, which is significantly lower than the US House median value of $338,100. However, the one-year house appreciation rate for Champaign County is 7.96%, which is only slightly lower than the national average of 8.27%. This shows that housing values in Champaign are increasing at a healthy rate and can offer potential buyers a good investment opportunity.
The median home cost in Champaign County is $177,400. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Champaign County is up 14.5%.
Average Age of Homes
- The median age of Champaign County real estate is 40 years old
The Rental Market in Champaign County
- Renters make up 40.6% of the Champaign County population
- 5.4% of houses and apartments in Champaign County, 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.