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Champaign city, IL

ZIP 61820 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

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Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 61820

Median Home Value
$175,900
Median Rent
$922
Affordability Snapshot
$48,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$1,130/mo PITI).

36%
Rent-to-Income Ratio

Above the 30% affordability threshold — housing cost-burdened area.

5.7x
Home Price-to-Income Ratio

Well above the 3-5x guideline — challenging for first-time buyers.

15.9 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 61820 in Champaign city, IL, a household would need roughly $48,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,130. That is about 55% above the local median household income ($31,031), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 18% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
20.0%-69% vs US avg
x
Vacancy Rate
17.6%+71% vs US avg
x
Broadband Access
84.3%-3% vs US avg
x
4+ Bedrooms
2.1%-86% vs US avg
x
Built Pre-1939
2.8%-78% vs US avg
x
Built Post-2014
1.5%-78% vs US avg
x
Rent Burden >30%
35.5%-29% vs US avg
x
Mortgage-Free
44.6%+17% vs US avg
x
$175,900
Home Value
$922
Rent
1989
Year Built
2020
Moved In

Residents have lived here since ~2020 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached22.7%
  • 1-unit attached1.2%
  • 2-9 units14.6%
  • 10+ units60.4%
  • Mobile home & other1.1%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$175,900
Median rent$922
Owner-occupied20.0%
Vacant17.6%
Price-to-income5.7x
Est. income to buy$48,000