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These days, finding an affordable place to live in the Champaign area can be challenging. Home prices in Champaign are now at a median cost of $207,634, lower than the Illinois average of $300,242.
The average cost of rent is $1,179/mo in Champaign, primarily driven by the current value of real estate in the Champaign area. In Champaign, 53.70% of households rent, and 44.31% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Champaign is $5,482 per month. Households that rent pay about 21.50% of their income on rent here. Champaign’s most expensive areas are in the southwestern regions, while the cheapest areas are in the northeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Urbana, IL: equally priced homes
- Savoy, IL: higher priced homes
- Bondville, IL: equally priced homes
- Seymour, IL: higher priced homes
- Tolono, IL: higher priced homes
- Mahomet, IL: higher priced homes
- Philo, IL: higher priced homes
- Thomasboro, IL: less expensive homes
- Sadorus, IL: equally priced homes
- St. Joseph, IL: higher priced homes
Cities with Similar Populations
- Yuma, AZ: higher priced homes
- Winchester, VA: higher priced homes
- York, PA: higher priced homes
- Yonkers, NY: higher priced homes
- Wilmington, DE: higher priced homes
- Woodbury, MN: higher priced homes
- Warren, MI: less expensive homes
- Westland, MI: less expensive homes
- Waterbury, CT: equally priced homes
- West Chester, PA: higher priced homes
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