Condos Homes in Champaign, IL

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Champaign, IL Foreclosures

How much do homes sell for in Champaign, IL?
The average home price is currently $236,330.
In Champaign, IL, how many homes are available?
There are currently 23,376 active home listings available in Champaign.
What’s the average rental cost in Champaign, IL?
The average rental price in Champaign is $1,580.
What is the most expensive home in Champaign, Illinois?
The most expensive home sold in Champaign had a price of $6,288,600.
What is currently the cheapest priced home in Champaign, IL?
The cheapest home for sale in Champaign is priced at $11,300.

Home Value Estimator For Champaign, IL

There are currently 23,376 real estate properties in Champaign, IL, with a median automated valuation model (AVM) price of $198,256.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Champaign, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Champaign, IL, is $236,330.00, with the most expensive house in Champaign, IL, topping out at $6,288,600.00 and the cheapest home in Champaign, IL, clocking in at $11,300.00. In other words, there’s something for every potential homebuyer or savvy investor in Champaign, IL!

Rent Prices In Champaign, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Champaign, IL, is on a rollercoaster ride. The average rent price in Champaign, IL, is $1,580.00. Indeed, when looking to rent in Champaign, IL, you can expect to pay as little as $580.00 or as much as $5,380.00, with the average rent median estimated to be $1,460.00. The good news is that finding an affordable and desirable property to rent in Champaign, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Champaign, IL In 2024

Champaign is located in Champaign, Illinois, with an estimated municipal population of 88,909 residents. All of the best foreclosed homes for sale in Champaign are located in the following zip code areas on 61822 61820 61821 61824 61825 61826. The estimated population per square kilometer (.62 miles) in Champaign is 1,503.

Cost Of Living In Champaign, IL

So, about how much do homes cost in Champaign? The most recent median value of resident-owned homes in Champaign is 161,867. An estimated 42.6 percent of households in Champaign own their homes, with an average family size of 3.11. The median household income in Champaign is 48,415, with22 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Champaign, the median commute time of resident workers (in minutes) is 15.4. And last, but certainly not least, are you looking for homes to rent in Champaign? If so, the average rent price paid by renters in Champaign is 952, according to recent statistics.

Diversity And Demographics In Champaign, Illinois

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Champaign, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Champaign is 27.4, split between 51.4 percent male versus 48.6 female. The percentage of residents who report being married in Champaign is 33, with an average family size of 3.11.

The percentage of residents who report their race in Champaign is as follows:

White 64.2%
Black / African American 18.6%
Asian 13.3%
American Indian / Alaskan Native 0.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.7%
Other 1.1%

Looking for family-friendly neighborhoods in and/or near Champaign? Or maybe you are searching for 55+ active adult communities in and/or near Champaign?

The percentage of residents who report their age in Champaign is as follows:

Under 10 9.7%
Aged 10-19 14.9%
20s 30.1%
30s 13.3%
40s 8.5%
50s 9%
60s 7.5%
70s 4.4%
80+ 2.6%

Best Schools In Champaign, Illinois

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Champaign with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Champaign.

Pros And Cons Of Living In Champaign, Illinois

How do you know that living in -- or moving to -- Champaign is right where you need to be? Perhaps you grew up in Champaign or already live nearby; therefore, the decision to buy a home in Champaign is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Champaign for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Champaign:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Champaign.

Reasons To Move To Champaign, Illinois, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Champaign can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Champaign, meanwhile, can field multiple offers from more qualified buyers.

Champaign, IL Condos Foreclosures


Listing types in Champaign, IL

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