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Champaign County, IL

Champaign City

RANK #191 / 996 NAT  ·  #16 / 28 IL  ·  POP 206,525

1YR FORECAST: +4.6%

5YR OUTLOOK: +32%

Our model projects Champaign County's housing market to grow +4.6% over the next year, significantly outpacing the national average.

[01] Why Champaign County?

Home to the University of Illinois Urbana-Champaign, Champaign County, Illinois, offers a blend of academic influence and Midwestern character. The county seat, Urbana, along with the larger city of Champaign, form a central hub surrounded by rich farmland. Commutes within the county are generally short, with an average travel time of under 17 minutes. The area provides extensive outdoor recreation, including over 4,000 acres of green space across seven forest preserves, featuring lakes for paddling and fishing, and miles of trails for hiking and biking, such as the Kickapoo Rail Trail.

Life in Champaign County is shaped by its diverse population, including a significant international community drawn by the university. The public school systems in towns like Mahomet, St. Joseph, and within the Champaign and Urbana districts are notable. The local economy benefits from ongoing investment in sectors like biomanufacturing, technology, and agriculture, attracting both established businesses and new ventures. Transportation options include a comprehensive bus network, bike-sharing programs, and Amtrak service, connecting residents to regional and national destinations.

[02] Market Snapshot

Housing Ratio
3.3x

Undervalued relative to economy

GDP Growth
+1.4%

Below national median

Home Prices
+6.7%

Outpacing national median

Climate & Terrain
-4.5

Harsh climate or flat terrain

Price/Rent
12x

Below national median (13x)

Housing looks undervalued at 3.3x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Top Employers

  1. 1
    University of Illinois at Urbana-Champaign Education
    10,000+
  2. 2
    Carle Foundation Hospital Healthcare
    5,000+
  3. 3
    Champaign Unit 4 School District Education
    1,000+
  4. 4
    Kraft Heinz Manufacturing
  5. 5
    Champaign County Government
    500+
  6. 6
    Christie Clinic Healthcare
  7. 7
    Urbana School District #116 Education
  8. 8
    Presence Health Healthcare
  9. 9
    Plastipak Manufacturing
  10. 10
    Parkland College Education

Estimated local headcount ranges. Larger employers shown as floor + "+"; smaller employers show exact counts where reported.

[04] Home Value Growth vs National

Champaign County U.S. National

The Numbers

DEMOGRAPHICS
Population
206,525
-0.03% YoY
Median Household Income
$61,090
Median Home Value
$192,600
+6.69% 12mo
Median Rent
$977
Average Annual Pay
$64,216
+5.8% YoY
Employment
94,777
-0.9% YoY
Income-to-Home-Value
0.3172
More affordable than average
Migration Inflow
6.18%
of pop. from another state
Bachelor's Degree+
45.6%
of residents (national avg: 33%)

Market Activity

REAL ESTATE
Median Sale Price
$222,500
Days on Market
76
Slower market
Months of Supply
3.6
Balanced market
Sale-to-List Ratio
97.9%
Negotiation room for buyers
Sold Above List
21.6%
Listings w/ Price Drops
15.9%
Building Permits (2024)
565
Single-Family Permits
196

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Crime & Safety

C
SAFETY
GRADE
Homicide Rate
6.3
per 100K · nat avg 6.3
Firearm Fatalities
10.5
per 100K · nat avg 14.8
Injury Deaths
74.4
per 100K · nat avg 76.3
vs National Average
Near national avg
based on homicide rate

Source: CDC/NCHS vital statistics via County Health Rankings (2020–2022 avg). Rates per 100,000 population. Grade based on homicide rate relative to national average (~6.3). Learn more →

[06] Air Quality

B-
AIR QUALITY
GRADE
Median AQI (3yr)
45.3
Good
Good Air Days
60%
655 of 1,095 days
Unhealthy+ Days (3yr)
14
Includes 1 Very Unhealthy
Primary Pollutant
PM2.5
Fine particulate matter
Yearly Trend
2021
44
2022
44
2023
48
Median AQI · lower is better

Source: EPA Air Quality System (2021–2023). Grade based on 3-year average median AQI. Learn about AQI →

[07] Capital Investment

$1,932M
TOTAL
PROJECT AMOUNT STATUS
Urbana Technology Hub (Data Center)
Thor Equities, CyrusOne
$1,000M Proposed
Open Plains Wind Project
Apex Clean Energy
$300M Proposed
Little Prairie Hybrid Project (Solar + Battery Storage)
BayWa r.e. Americas
$298M Undergoing Permitting
Prairie Solar Project
BayWa r.e. Americas
$183M Under Construction
Rising Battery Storage Project
Unknown
$100M Planned
iFAB Tech Hub (Biomanufacturing)
Champaign County EDC (with EDA grant)
$51M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[08] Score Breakdown

GDP Growth +1.4% 23 percentile
Population Growth -0.0% 28 percentile
Income Growth +7.3% 22 percentile
Vacancy Rate 2.9% 2 percentile
Home Price Change +6.7% 96 percentile
Rent Growth +4.9% 78 percentile
Price/Rent 12x 64 percentile

Bars show percentile rank among all 996 counties.

[09] Frequently Asked Questions

Is Champaign County, IL a good place to move to?

Champaign County ranks #191 out of 996 U.S. counties on the Boom Town Index with a score of 81/100. The composite score reflects long-term strength — housing, income, and migration patterns — but near-term hiring is soft (employment is down 0.9% year-over-year). Median household income here is $61,090.

Is Champaign County affordable?

Housing in Champaign County is roughly in line with national affordability norms. The median home costs $192,600 and the income-to-home-value ratio sits at 0.32, with rents averaging $977/month. Not a bargain, but not a stretch for most local earners either.

Is Champaign County growing or shrinking?

Population and employment in Champaign County are both close to flat — population -0.0% YoY and jobs -0.9%. Home values shifted +6.7% over the past 12 months. A steady-state county, neither expanding quickly nor shrinking.

Are people moving to Champaign County?

In significant numbers — 6.18% of Champaign County's current population relocated from another state, well above the national norm. That level of in-migration usually signals a county where jobs, affordability, or quality of life are pulling people in from elsewhere.

How is the housing market in Champaign County?

Home values climbed +6.7% year-over-year, which is a solid pace of appreciation. The median home in Champaign County is now valued at $192,600. That kind of growth typically reflects sustained demand rather than speculative frenzy.

[10] Similar Counties by Size & Score

Williamson County, IL 81 Whiteside County, IL 80 Cook County, IL 80 McHenry County, IL 79 Kane County, IL 78 Sangamon County, IL 86 Alamance County, NC 81 Pitt County, NC 81