Foreclosures in Champaign, IL 61822

Buyer vs Seller Market in Champaign, IL

The real estate market in Champaign has remained steady, with a slow but consistent increase in home values over the past year. The demand for housing continues to grow, especially in areas close to the university, appealing to both investors and families alike.

Champaign has seen an influx of young professionals and families looking for affordable housing options, which has resulted in increased competition among buyers and a decrease in the average number of days homes spend on the market.

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 $1,581.00. 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 $1,470.00. 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.