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City · 89,996 residents · Champaign County, Illinois

Champaign , Illinois

In Champaign, a typical home is worth $210,900 and typical rent is $1,123 a month. Compared with all of Champaign County, typical household income is 12% lower, typical rent is 7% higher, and the share of households that own their home is 10 points lower.

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  • Typical home value

    $210,900

    About the same as the county

    20% below Illinois

    • Champaign
    • County
    • Illinois

  • Typical rent

    $1,123a month

    7% above the county

    12% below Illinois

    • Champaign
    • County
    • Illinois

  • Typical household income

    $56,118a year

    12% below the county

    33% below Illinois

    • Champaign
    • County
    • Illinois

  • Households that own their home

    44%

    10 points below the county

    23 points below Illinois

    • Champaign
    • County
    • Illinois

Source: U.S. Census Bureau, Average 2020–2024

Market now, with Zillow data

Zillow data
Typical home value
$236,141
3.8% more than 12 months ago
Typical rent
$1,466 a month
5.2% more than 12 months ago

From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).

Champaign is in Champaign County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Champaign County. See the county

Data updated: October 1, 2026 11 official sources

Only here

What sets Champaign apart

What this place has that others do not, from public data, most unusual first.

  1. Champaign has the 5th lowest homeownership rate of the 337 cities in Illinois with more than 5,000 people (44%).

  2. Nearby, in Rantoul, the typical home value is $118,200: 44% less than in Champaign ($210,900).

  3. Nearby, in Rantoul, the typical rent is $890: 21% less than in Champaign ($1,123).

Sources: U.S. Census Bureau (Average 2020–2024).

The homes here

Housing in Champaign

What homes there are in Champaign, what they cost, how that changed and how people live, from Census figures (2020–2024).

What homes there are

U.S. Census Bureau, ACS 5-year, 2020–2024

Kind of home

There are more apartments in Champaign than in Champaign County: 45% of homes, against 33%.

Year built

The typical home in Champaign was built in 1985, 4 years after the typical one in Champaign County.

In Champaign, 23% of homes have 1 bedroom or none (studios); 51% have 3 bedrooms or more, against 57% in Champaign County.

All homes, occupied or empty. A figure the Census cannot measure precisely enough here is not shown.

Census tables: B25024, B25034, B25035, B25041

What it costs here

U.S. Census Bureau, ACS 5-year, 2020–2024

Value of owner-occupied homes

By price, most homes in Champaign sit under the FHA limit for Champaign County ($541,287): about 95%.

Monthly rent with utilities

Measured against HUD's 2-bedroom fair market rent ($1,173), about 53% of rented homes in Champaign cost less.

With a mortgage

$1,643 a month

Champaign County: $1,647 a month

Without a mortgage

$783 a month

Champaign County: $737 a month

Owners with a mortgage

61%

Champaign County: 60%

The typical cost for an owner with a mortgage in Champaign is $1,643 a month, near the figure in Champaign County ($1,647).

Value: what owners think their home is worth. Rent: rent plus utilities, for homes of every size. The FHA limit is the most an FHA loan (Federal Housing Administration) lends for a one-unit home; the fair market rent (FMR) is the one HUD uses for housing vouchers.

Census tables: B25075, B25063, B25088, B25081

How it changed

U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024

Change since 2015–2019

Much as in Champaign County, the typical home value in Champaign rose 30% since 2015–2019.

The typical rent in Champaign rose 18% since 2015–2019, about the same as in Champaign County (19%).

The typical household income in Champaign rose 16% over that time; home values changed +30% and rent +18%.

Change between two 5-year periods that do not overlap, in each period's dollars, not adjusted for inflation.

Census tables: B25077, B25064, B19013

How people live

U.S. Census Bureau, ACS 5-year, 2020–2024

MeasureChampaignChampaign CountyIllinoisUnited States
Rental vacancy 8.5%9.0%5.0%5.5%
Homeowner vacancy Unreliable estimate1.4%1.0%0.9%
More than one person per room Unreliable estimate1.0%2.5%3.4%
People per household 2.212.272.462.53
Drive alone 59%64%66%69%
Carpool 8%8%8%9%
Public transit 5%3%6%3%
Walk or bike 11%8%3%3%
Work from home 17%16%16%15%
Other means Unreliable estimate1%1%2%
Typical commute 10 to 19 minutes10 to 19 minutes20 to 29 minutes20 to 29 minutes

Open rentals in Champaign look like those in Champaign County: the rental vacancy rate is 8.5%.

By size, households in Champaign look like those in Champaign County: 2.21 people on average.

The car rules in Champaign: 59% of workers drive to work alone, and the typical trip takes 10 to 19 minutes.

Vacancy: empty homes offered for rent or for sale. Rooms: every room in the home, not only bedrooms. Commute: the minute range of the typical worker.

Census tables: B25004, B25003, B25014, B25010, B08301, B08303

Do the math

What would you pay each month for a home in Champaign?

A typical home costs more than the typical income allows

We start with a typical home in Champaign, worth $210,900, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 42% of the typical household income in Champaign, which is $56,118 a year. For that payment to be 28% of income, a household would need to earn about $84,456 a year.

The calculator's FHA and conventional loan limits are those of all of Champaign County.

Your numbers

Local data
$

Starts at the typical home value in Champaign. Change it to the price you have in mind.

Loan type
Your credit score

Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.

Down payment
%

That is $7,382 (3.5% of the price). The usual minimum for this loan is 3.5%.

This week's average ± a quarter or half point.

Term

National average as of November 5, 2026 (Freddie Mac); your rate may be different.

Adjust advanced details

Estimated monthly payment

Local data

$1,971

at 7.18% · 30 years

Loan amount
$207,080
Total interest
$297,939
Paid off in
November 2056

Includes $3,562 FHA upfront mortgage insurance premium.

Does it fit the income?

  • Comfortable

    up to $1,309 a month

  • Tight

    $1,309 to $1,684 a month

  • Hard

    more than $1,684 a month

    Your payment · 42%

Compared with the typical household income in Champaign ($56,118 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.

Show the result as
per month$1,971
Principal & interest$1,403
Property tax$387
Home insurance$88
FHA mortgage insurance (MIP)$93

You need at least $7,382 for the down payment, plus closing costs.

Next step

This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.

The city and its county

Champaign and Champaign County

Champaign is in Champaign County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).

Champaign's own numbers

Typical home value
$210,900
Typical monthly rent
$1,123
Typical yearly household income
$56,118
Households that own their home
44%
Effective property tax rate
2.2%

U.S. Census Bureau, American Community Survey (average 2020–2024).

Numbers for all of Champaign County

FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,173
Price change over 5 years (FHFA)
+52%
Homes in a high flood-risk zone
0.8%

HUD, FHFA and FEMA don't publish these numbers by city.

Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Champaign County.

Everything about Champaign County

Buying

Buying a home in Champaign

A typical home in Champaign is worth $210,900: about the same as the county and 20% below Illinois. With the typical household income in Champaign ($56,118 a year), a typical home costs 3.8 times what the household earns in a year.

Years of income to pay for a typical home

The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.

  • Champaign 3.8 years
  • County 3.3 years
  • Illinois 3.2 years
  • United States 4.1 years
Source: U.S. Census Bureau, Average 2020–2024

How prices have changed in Champaign County

According to FHFA’s house price index, home prices in Champaign County rose 64% in the 10 years through 2025.

FHFA does not publish this index by city: these are the numbers for all of Champaign County.

Period County Illinois U.S.
Last year (2025) +7.2% +5.7% +2.9%
5 years (2020–2025) +52% +47% +47%
10 years (2015–2025) +64% +65% +85%

The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data

Champaign next to Champaign County, Illinois and the U.S.

Three numbers side by side. “Typical” means the median: half are above it and half below.

Typical home value
  • Champaign $210,900
  • County $211,500
  • Illinois $263,300
  • United States $332,700
Typical monthly rent
  • Champaign $1,123
  • County $1,051
  • Illinois $1,274
  • United States $1,413
Typical yearly household income
  • Champaign $56,118
  • County $63,683
  • Illinois $83,390
  • United States $80,734
See the full table
Champaign next to Champaign County and Illinois
Measure Champaign Champaign County Illinois U.S.
Typical home value $210,900 $211,500 $263,300 $332,700
Typical monthly rent $1,123 $1,051 $1,274 $1,413
Typical yearly household income $56,118 $63,683 $83,390 $80,734
Households that own their home 44% 54% 67% 65%
Typical yearly property tax $4,639 $4,353 $5,298 $3,119
Effective property tax rate 2.2% 2.06% 2.01% 0.94%
Renters with high rent for their income 57% 54% 48% 51%

“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Champaign County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.

Four ways to pay for a typical home in Champaign

For a typical $210,900 home in Champaign, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Champaign's typical property tax, an example home insurance and mortgage insurance when it applies.

  • FHA, 3.5% down $1,971a month

    Least cash to close
    Down payment
    $7,382
    Cash to close
    $13,709
    Rate
    7.18%
    Mortgage insurance
    FHA MIP · $93

  • Conventional, 5% down $1,932a month

    Down payment
    $10,545
    Cash to close
    $16,872
    Rate
    7.18%
    Mortgage insurance
    PMI · $100

  • Conventional, 20% down, no PMI $1,617a month

    Down payment
    $42,180
    Cash to close
    $48,507
    Rate
    7.18%
    Mortgage insurance
    None

  • ITIN, 15% down (example) $1,812a month

    Down payment
    $31,635
    Cash to close
    $37,962
    Rate
    8.18%
    Mortgage insurance
    None

The option that asks for the least cash to close is FHA, 3.5% down.

  • Cash to close = down payment plus 3% of the price in closing costs (example).
  • Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
  • The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.

How much house can I afford? Estimate closing costs

Taxes and floods

Two costs that change from place to place

Property tax and flood insurance raise or lower what you pay each month. Here are the numbers for Champaign and for Champaign County.

Property tax

Effective rate in Champaign

2.2%of the home’s value each year

$4,639 a year for the typical owner in Champaign.

  • Champaign 2.2%
  • County 2.06%
  • Illinois 2.01%

What Illinois publishes General Homestead Exemption (Illinois Department of Revenue)

Exemptions and deadlines in Illinois

Flood risk in Champaign County

FEMA does not publish these numbers by city: they are for all of Champaign County.

Homes in the high-risk zone
0.8%
462
Of those, with NFIP insurance
17%
County Illinois U.S.
Homes in the high-risk zone 0.8% 1.5% 3.5%
Of those, with NFIP insurance 17% 25% 48%

Most homeowners insurance policies do not cover flood damage.

Look up your address on FEMA’s map

Renting

Renting in Champaign

Typical rent in Champaign is $1,123 a month: 7% above the county. In Champaign, 57% of renter households pay 30% or more of their income in rent.

HUD publishes a fair market rent for all of Champaign County, by unit size. To pay the 2-bedroom one ($1,173 a month) without spending more than 30% of your income, you would need to earn $22.56 an hour working full time.

HUD fair market rent for all of Champaign County

What you need to earn to pay it without spending more than 30% of income, working full time.

Size Fair rent a month Hourly wage Yearly income
Studio $983 $18.90 $39,320
1 bedroom $996 $19.15 $39,840
2 bedrooms $1,173 $22.56 $46,920
3 bedrooms $1,474 $28.35 $58,960
4 bedrooms $1,542 $29.65 $61,680

Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027

By ZIP code

Fair market rent by ZIP code in Champaign

HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Champaign has 3 ZIP codes with their own.

For 2 bedrooms it runs from $1,180 in 61821 to $1,480 in 61822.

3 of the 3 are above the fair market rent for Champaign County ($1,173).

  • 61820 $1,350$1,700
  • 61821 $1,180$1,480
  • 61822 $1,480$1,860

2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Champaign when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD) Fiscal year 2027 Small Area Fair Market Rents (HUD) Source: Census Bureau ZCTA-to-place relationship file Data from 2020 data Census Bureau ZCTA-to-place relationship file

Is your rent high for your ZIP?

Low-income apartments

Low-income apartments in Champaign

HUD lists 8 buildings with rents for lower incomes in Champaign. These are the largest.

  • Round Barn Manor 2000 W John St, Champaign 61821 156 low-income homes · For older adults (217) 351-9090
  • Round Barn Manor Preservation 200 E John St, Champaign 61820 156 low-income homes · 1 bd: 156 · In service since 2007
  • Countrybrook Apartments 2504 W Springfield Ave, Champaign 61821 150 low-income homes · For families (864) 239-1000
  • Town Center Apts 2413 N Neil St, Champaign 61820 144 low-income homes · 2 bd: 72 · 3 bd: 72 · In service since 2000 · For families
  • Eden Supportive Living 222 N State St, Champaign 61820 150 homes, 142 low-income · Studio: 104 · 1 bd: 46 · In service since 2014

See all 24 buildings in Champaign County Source: HUD, Retrieved November 6, 2026

Free help

Help to buy or rent in Champaign

You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.

There is 1 HUD-approved agency with an office in Champaign County; none says it serves in Spanish.

A man shakes hands with the specialist who helped him with his loan, in the kitchen of his new home.

HUD counseling is free or low-cost

Assistance programs in Champaign

No down payment, repair or rent-help program on our list is for Champaign or Champaign County. The ones below are statewide in Illinois: they work in Champaign the same as in the rest of the state.

Which programs do I qualify for? All programs in Illinois

  • IHDAccess Home

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with deferred payments for first-time buyers in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

  • IHDAccess Forgivable

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan forgiven little by little over ten years, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Forgivable

    See the program Official page

  • IHDAccess Deferred

    Statewide in Illinois

    Limited funds remain, per the source

    IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois. Offered by Illinois Housing Development Authority (IHDA).

    Deferred

    See the program Official page

Housing counselors near Champaign

The HUD-approved agencies closest to the center of Champaign, in a straight line, nearest first. If one says it serves in Spanish, its card says so.

  • Habitat for Humanity of Champaign County

    1914 Glenn Park Dr, Champaign · 0 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    (217) 819-5113

  • Erba Douglas County Outreach Office

    107 W South Central, Tuscola · 22 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 6 more
    217-331-7031-229

  • C.e.f.s. Moultrie County Outreach Office

    114 E. Harrison Street, Sullivan · 40 miles away

    • Mortgage delinquency and default
    • Budget and financial counseling
    • and 8 more
    (217) 728-7721

Every agency in Champaign County All counseling agencies in Illinois

Help in Spanish near Champaign

None of the 3 agencies on this list say they serve in Spanish.

Ask for service in Spanish

When you call, say “Spanish, please” or ask if someone speaks Spanish. If not, ask whether they offer an interpreter.

Housing authorities of Champaign

HUD’s record names them for Champaign or Champaign County. They run public housing or Section 8 vouchers. Ask whether their waiting list is open.

  • Housing Authority of Champaign County Public housing and Section 8 vouchers (217) 378-7100

All housing agencies in Illinois Source: HUD

Cities

Other cities in Champaign County

These cities are also in Champaign County. They share its loan limits and fair market rents, but home values and rent change from one to the next.

Everything about Champaign County Housing in Illinois

Nearby cities

The cities closest to Champaign, with the typical home value.

Neighboring counties

If Champaign County is out of reach, look next door. Each number is that county's own.

Keep going

Guides for your next step

Short explanations, in plain language and with official sources, for buying or renting in Champaign.

All guides
A family roasts marshmallows over a campfire at a forest campsite.

Questions

Housing questions about Champaign

Short answers with the numbers for Champaign and all of Champaign County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.

How much does a typical home cost in Champaign?

The typical home value in Champaign is $210,900, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Champaign County it is $211,500.

How much does it cost to rent in Champaign?

Typical rent in Champaign is $1,123 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Champaign County is $1,173.

What is the FHA loan limit in Champaign?

Champaign uses the FHA limit for all of Champaign County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.

How much property tax do owners pay in Champaign?

The typical homeowner in Champaign pays $4,639 a year, according to the U.S. Census Bureau. That is 2.2% of the home’s value; in Champaign County, the rate is 2.06%.

Where can I find free help to buy or rent in Champaign?

There is 1 HUD-approved counseling agency with an office in Champaign County. They can help you get ready to buy, with your credit, or with rent.

Sources: American Community Survey (ACS) 5-year estimates (Average 2020–2024); FHA mortgage limits (HUD) (2026 data); Conforming loan limits (FHFA) (2026 data); Fair Market Rents (HUD) (Fiscal year 2027); Small Area Fair Market Rents (HUD) (Fiscal year 2027); Census Bureau ZCTA-to-place relationship file (2020 data); HUD-approved housing counseling agencies (Retrieved November 6, 2026); Public Housing Agencies (HUD) (Retrieved November 6, 2026); Freddie Mac Primary Mortgage Market Survey (PMMS) (As of November 5, 2026); FHFA House Price Index (HPI) (2025 data); Homes with flood insurance (NFIP, FEMA) (As of August 3, 2026).