The story of this market
The typical home in ZIP 61821 sells for about $232,900, or $150 per square foot.
Prices are up +12.5% from a year ago, so sellers still have some momentum. Homes take about 25 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,031 a month.
ZIP 61821 — Champaign
The 61821 housing market is currently experiencing strong upward price momentum, driven by low inventory and consistent demand from university-affiliated buyers. Sales activity has accelerated significantly month-over-month, reflecting a competitive environment that favors sellers despite broader economic headwinds.
This ZIP is ideal for university-affiliated families, young professionals, and investors seeking stable rental demand, given its central location and proximity to major employment hubs.
Median prices moved up 12.5% year over year.
Homes spend a median of 25 days on market with 3.2 months of supply — a fast-moving market.
15% of listings have cut prices · homes sell at 97.85% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.1% · poverty 13.7% — a stable, low-distress 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 6.2%/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 6.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 61821, Champaign County IL
Crime rates in Champaign are generally higher than the national average, with property crime being the most frequently reported incident type in urbanized ZIP codes like 61821.
Schools serving the area are part of Champaign Community Unit School District 4, which maintains a mix of highly rated magnet programs and neighborhood schools.
The area faces moderate risk from severe thunderstorms and occasional flooding in low-lying areas near local drainage basins, though wildfire risk is minimal.
Economic momentum is driven by the University of Illinois Urbana-Champaign and a growing technology corridor, with ongoing infill development in the central Champaign area.
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.
Residents benefit from proximity to major thoroughfares like I-74 and I-57, with a typical commute to the University of Illinois campus or downtown Champaign under 15 minutes.
The area features numerous community parks, including West Side Park, and is within short driving distance of the Champaign Country Club and various shopping centers along the Prospect Avenue corridor.
The rental market is highly active due to the student population, with consistent demand for multi-family units and single-family rentals near the university core.
The economy is anchored by the University of Illinois Urbana-Champaign, with significant employment in education, healthcare (Carle Health), and a growing tech sector.
The area is served by the Champaign-Urbana Mass Transit District (MTD) and is positioned at the intersection of major interstate highways.
Development is focused on high-density residential projects near the university and commercial expansion along the northern and western corridors.
The Champaign County Supervisor of Assessments oversees the valuation process, utilizing mass appraisal techniques to ensure equitable taxation.
Parcels are subject to various special districts, including the Champaign-Urbana Public Health District and local community college taxing districts.
Property insurance premiums are stable but reflect regional risks associated with severe weather events common in the Midwest.
Data retrieved from data.census.gov ZCTA-level profiles.
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.
A historic central park featuring mature trees and community event spaces.
The primary regional shopping destination serving the Champaign-Urbana area.
Private golf course and social club located within the city limits.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.