The story of this market
The typical home in ZIP 61820 sells for about $175,900, or $145 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 48 days to sell. HUD's fair market rent for a two-bedroom is $1,108 a month.
ZIP 61820 — Champaign
The 61820 housing market remains stable, driven by consistent demand from the university population. While inventory is tight, the market shows steady price appreciation and high rental demand, reflecting the area's unique economic reliance on the university.
This ZIP is primarily suited for students, university faculty, and young professionals who prioritize walkability and proximity to the University of Illinois. It is less ideal for traditional family buyers seeking large single-family homes or quiet suburban environments.
Median prices moved up 2.1% year over year.
Homes spend a median of 48 days on market with 4.1 months of supply — a fast-moving market.
12% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.2% · poverty 47.8% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 3.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 61820, Champaign County IL
Crime rates in the 61820 ZIP code are higher than the national average, largely driven by the high density of the university-adjacent urban core. Regional comparisons indicate typical urban crime patterns for a mid-sized Midwestern college town.
The area is served by Champaign Community Unit School District 4, which maintains a diverse range of public schools. Performance varies significantly by individual school, with several institutions benefiting from proximity to university-affiliated educational resources.
The area faces standard Midwestern climate risks, including potential for severe thunderstorms and occasional wind events. Flood risk is generally low, though localized drainage issues can occur in older, high-density urban sections.
Economic momentum is heavily anchored by the University of Illinois Urbana-Champaign, which serves as the primary driver for employment and research-based development. Infrastructure investment is focused on maintaining the university-city transit corridor and supporting high-density student housing.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
The ZIP code is highly walkable and bikeable due to its central location within Champaign and proximity to the university campus. Public transit via MTD is robust, providing frequent service to major employment hubs and the downtown area.
Residents have access to numerous city parks, including West Side Park, and proximity to the university's extensive athletic and recreational facilities. Shopping and dining are concentrated in the Campustown and downtown districts.
The rental market is exceptionally deep and dominated by student housing, resulting in high turnover and seasonal vacancy pressure. Rent trajectories are closely tied to the academic calendar and university enrollment trends.
The economy is dominated by the University of Illinois Urbana-Champaign, which is the largest employer in the region. The area also features a growing technology and research sector supported by the university's research park.
The area is served by the Champaign-Urbana Mass Transit District (MTD), which provides extensive bus coverage. Major highway access is provided by I-74 and I-57, facilitating regional connectivity.
Development is focused on high-density residential projects and infrastructure improvements to support the university's growth. City planning emphasizes urban infill and transit-oriented development.
Parcels are subject to Champaign Community Unit School District 4 and Parkland College District 505 taxes.
Property insurance premiums are stable, reflecting the area's low risk for major natural disasters compared to coastal regions.
Data retrieved from data.census.gov ZCTA-level tables.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Historic park located in the heart of the city.
Major university-affiliated arts venue.
Central district with high concentration of restaurants and retail.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.