Similar to its nearby areas, it's somewhat less expensive compared to the entire nation.
Home prices
The median home in Champaign is valued at $161,800. In comparison to its surrounding areas it is approximately $4,017 (2%) lower.It is approximately $55,700 (25%) lower in comparison to the nation as a whole.
Rents
In Champaign the median monthly rent is $952. This is approximately $125 (15%) higher in comparison to its nearby areas.It is approximately $110 (10%) lower compared to the nation as a whole.
Nearby places
Urbana
Urbana is Champaign's neighbor to the east. The real estate prices there are fairly similar. The median home in Urbana costs $155,000, which is $6,800 (4%) lower than Champaign. Rents there are somewhat less expensive. Urbana's median rent is $838 per month, which comes out to $114 (13%) lower than Champaign.
Savoy
Savoy is Champaign's neighbor to the south. Its real estate prices are somewhat more expensive. The value of the median home in Savoy is $233,000, which comes out to $71,200 (30%) higher than Champaign. Its rents are similar. Savoy's median monthly rent is $941, which comes out to $11 (1%) lower than Champaign.
Bondville
Bondville is roughly 4 miles west of Champaign. The housing prices there are substantially less expensive. The median home in Bondville costs $114,000, which works out to $47,800 (41%) lower than Champaign. Rent there is a lot less expensive. The median rent in Bondville is $713 a month, which comes out to $239 (33%) lower than Champaign.
Mahomet
Mahomet is about 7 miles northwest of Champaign. Housing prices there are substantially more expensive. The value of the median home in Mahomet is $240,300, which comes out to $78,500 (32%) higher than Champaign. Its rents are pretty similar. Mahomet's median rent is $939 per month, which works out to $13 (1%) lower than Champaign.
Lake of the Woods
Lake of the Woods is roughly 7 miles northwest of Champaign. Its real estate prices are substantially less expensive. The median home in Lake of the Woods costs $114,600, which comes out to $47,200 (41%) lower than Champaign. Rents there are fairly similar. Lake of the Woods's median monthly rent is $926, which comes out to $26 (2%) lower than Champaign.
Tolono
Tolono is roughly 8 miles south from Champaign. Housing prices there are a bit less expensive. Tolono's median home cost is $138,000, which works out to $23,800 (17%) lower than Champaign. Rent there is substantially less expensive. The median rent in Tolono is $604 a month, which works out to $348 (57%) lower than Champaign.