Foreclosure Homes in Champaign, IL

Buyer vs Seller Market in Champaign, IL

Champaign's real estate market remains competitive, driven by the demand from students and faculty associated with the University of Illinois. The median home prices have seen steady growth as new families continue to move into the area, intrigued by its amenities and the strong local economy.

Properties in Champaign typically sell quickly due to the area's desirable schools, parks, and vibrant community life. Investors are increasingly interested in multi-family properties, catering to the ever-growing student population and the demand for rental housing.

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.