Zip 61802 (Urbana, IL) Housing

The housing market in 61802 Urbana, IL is strong compared to the US as a whole. The median value of homes in 61802 Urbana, IL is $164,700 while the national median value is $338,100. While the US has seen an 8.27% appreciation rate for homes over the past year, homes in 61802 Urbana, IL have seen an even higher 8.72% appreciation rate. This indicates that housing prices are increasing faster in 61802 Urbana, IL than they are across the whole country.

The median home cost in Urbana (zip 61802) is $164,700. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Urbana (zip 61802) is up 14.5%.

Average Age of Homes

- The median age of Urbana (zip 61802) real estate is 35 years old

The Rental Market in Urbana (zip 61802)

- Renters make up 38.4% of the Urbana (zip 61802) population
- 2.1% of houses and apartments in Urbana (zip 61802), 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	Urbana, Illinois	United States
	9,714.0	139,647,020.0
	35	42
	$164,700	$338,100
	14.5%	16.6%
	36.1%	57.0%
	46.3%	101.1%
	$24.49	$10.98
	$3,487	$2,690
	47.8%	57.4%
	10.3%	11.2%
	41.8%	31.4%
Vacant Housing
	2.1%	1.9%
	1.0%	0.4%
	2.7%	0.7%
	1.3%	0.4%
	0.0%	3.6%
	3.2%	4.1%
Value of Owner-Occupied Housing
	11.3%	2.6%
	5.2%	2.4%
	3.5%	2.8%
	5.2%	3.9%
	7.9%	4.5%
	20.0%	11.3%
	16.1%	13.0%
	19.6%	20.1%
	7.4%	13.6%
	2.3%	8.3%
	1.4%	9.7%
	0.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.5%	0.2%
	16.1%	13.6%
	16.1%	13.6%
	13.3%	13.6%
	15.3%	13.2%
	15.7%	14.8%
	13.3%	13.6%
	4.4%	10.0%
	1.9%	4.7%
	6.5%	12.2%

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