Foreclosure Homes in Champaign, IL

Current Market Conditions in Champaign, IL

The real estate market in Champaign has seen steady growth over the past year, with home prices appreciating as more buyers are attracted to this vibrant community. The demand for rental properties has also increased, driven by the influx of students and young professionals looking for housing options around the university.

As of the last quarter, a moderate increase in home inventory has contributed to a more balanced market, offering buyers more choices while still maintaining price stability. Investors are keen on the rental market, given the consistent demand from students and faculty.

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 $1,575.00. 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.