Champaign, IL


Highest Appreciating Champaign Neighborhoods Since 2000

Champaign, IL Real Estate Data

Champaign Housing Market Information

With 86,096 people, 32,734 houses or apartments, and a median cost of homes of $161,613, Champaign real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Champaign, accounting for 48.97% of the city's housing units. Other types of housing that are prevalent in Champaign include large apartment complexes or high rise apartments ( 36.32%), duplexes, homes converted to apartments or other small apartment buildings ( 7.18%), and a few row houses and other attached homes ( 6.69%).

The most prevalent building size and type in Champaign are three and four bedroom dwellings, chiefly found in single-family detached homes. The city has a mixture of owners and renters, with 42.85% owning and 57.15% renting.

There is a lot of housing in Champaign built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Champaign built between 1940-1969 ( 29.93%). A lesser amount of the housing stock also hails from between 2000 and later ( 17.57%). There's also some housing in Champaign built before 1939 ( 12.84%).

Champaign Home Appreciation Rates

Real estate appreciation rates in Champaign's have tracked to near the national average over the last then years, with the annual appreciation rate averaging 0.00% during the period.

Over the last year, Champaign appreciation rates have trailed the rest of the nation. In the last twelve months, Champaign's appreciation rate has been 2.84%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in Champaign were at 0.52%, which equates to an annual appreciation rate of 2.10%.

Notably, Champaign's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Illinois, our data show that Champaign's latest annual appreciation rate is lower than 90% of the other cities and towns in Illinois.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Champaign differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Champaign - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Champaign real estate investment or home purchase decisions.

Average Home Values


Median Home Value:


Value Range
> $1,053,000 0.5
$790,001 - $1,053,000 0.3
$526,001 - $790,000 0.6
$421,001 - $526,000 1.5
$316,001 - $421,000 4.7
$210,001 - $316,000 16.1
$105,001 - $210,000 52.8
$53,001 - $105,000 17.9
$0 - $53,000 5.6

High for IL
Average for Nation

Value Relative to Nation Value Relative to State
46.0853779937928 38.8607594936709

Number Of Homes And Apartments:

Rent & Ownership


Average Market Rent:
$1,075 / per month

Homeownership Rate

Owners 42.85
Renters 57.15
Vacant 9.78

Housing Market Details


Age of Homes

AGE OF Champaign HOMES
2000 or Newer 17.6
1970 - 1999 39.7
1940 - 1969 29.9
1939 or Older 12.8

Types of Homes

Single-Family 49.0
Townhomes 6.7
Small Apt. Buildings 7.2
Apt. Complexes 36.3
Mobile Homes 0.8
Other 0.0

Home Size

No Bedroom 3.53
1 Bedroom 15.14
2 Bedrooms 29.35
3 Bedrooms 32.85
4 Bedrooms 15.77
5 or more bedrooms 3.36

Champaign Appreciation Rates

Time Period Total Appreciation Avg. Annual Rate Compared To
Compared To
Latest Quarter:
2016 Q2 - 2016 Q3
Last 12 Months:
2015 Q4 - 2016 Q3
Last 2 Years:
2014 Q4 - 2016 Q3
Last 5 Years:
2011 Q4 - 2016 Q3
Last 10 Years:
2006 Q4 - 2016 Q3
Since 2000:
2000 Q1 - 2016 Q3
37.15% 1.88% 8 4
* 10 is highest