Housing in 61822 Champaign, IL is quite impressive. The median value of housing in the area is $276,100, which is lower than the US house median value of $338,100. In addition, the rate of appreciation over the past year stands at 8.72%, which is higher than the national average of 8.27%. This indicates that home values have been rising in this area at a faster rate than other parts of the country and shows that it would be a great investment for potential buyers or renters.
The median home cost in Champaign (zip 61822) is $276,100. Home appreciation the last 10 years has been 46.3%. Home Appreciation in Champaign (zip 61822) is up 14.5%.
Average Age of Homes
- The median age of Champaign (zip 61822) real estate is 20 years old
The Rental Market in Champaign (zip 61822)
- Renters make up 26.6% of the Champaign (zip 61822) population
- 2.1% of houses and apartments in Champaign (zip 61822), 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.