Champaign-Urbana Metro Area, IL Housing

The housing market in the Champaign-Urbana, IL Metro Area is strong with a median house value of $176,700. This is substantially lower than the US median house value of $338,100, making housing more accessible to local residents. Although the percentage of house appreciation is slightly higher than the national average at 8.74%, it's still lower than other parts of the country. As such, this area remains affordable and attractive to potential buyers.

The median home cost in Champaign-Urbana Metro Area is $176,700. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Champaign-Urbana Metro Area is up 14.5%.

Average Age of Homes

- The median age of Champaign-Urbana Metro Area real estate is 42 years old

The Rental Market in Champaign-Urbana Metro Area

- Renters make up 37.7% of the Champaign-Urbana Metro Area population
- 5.1% of houses and apartments in Champaign-Urbana Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Champaign-Urbana, Illinois	United States
	100,022.0	139,647,020.0
	41	42
	$176,700	$338,100
	14.5%	16.6%
	36.1%	57.0%
	46.3%	101.1%
	$22.21	$10.98
	$3,708	$2,690
	49.2%	57.4%
	11.5%	11.2%
	39.3%	31.4%
Vacant Housing
	5.1%	1.9%
	1.6%	0.4%
	1.2%	0.7%
	1.2%	0.4%
	0.6%	3.6%
	1.9%	4.1%
Value of Owner-Occupied Housing
	3.4%	2.6%
	2.2%	2.4%
	2.8%	2.8%
	5.0%	3.9%
	7.3%	4.5%
	21.3%	11.3%
	20.4%	13.0%
	22.1%	20.1%
	9.4%	13.6%
	3.4%	8.3%
	2.0%	9.7%
	0.3%	3.9%
	0.3%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	14.4%	13.6%
	14.4%	13.6%
	12.5%	13.6%
	11.5%	13.2%
	14.2%	14.8%
	12.5%	13.6%
	10.1%	10.0%
	3.4%	4.7%
	11.4%	12.2%

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