The story of this market
The typical home in ZIP 61822 sells for about $244,000, or $153 per square foot.
Prices are down 6.1% from a year ago, which gives buyers more room to negotiate. Homes take about 44 days to sell. HUD's fair market rent for a two-bedroom is $1,051 a month.
This ZIP has no home sales of its own, so its market figures come from Champaign County, Illinois (county-level). Population, rents, hazards, lending and amenities are this ZIP's own readings.
ZIP 61822 — Champaign
The 61822 housing market remains balanced with steady price appreciation and moderate inventory levels. Driven by the stable economic influence of the University of Illinois, the area continues to attract family buyers and professionals, maintaining a healthy demand-supply dynamic.
This ZIP is ideal for families and professionals seeking a suburban environment with access to high-quality schools and proximity to the major employment hubs of the Champaign-Urbana metro area.
Median prices moved down 6.1% year over year.
Homes spend a median of 44 days on market with 1.8 months of supply — a fast-moving market.
34% of listings have cut prices · homes sell at 98.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 3.2% · poverty 6.7% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 61822, Champaign County IL
The area is served by highly-rated public schools within the Champaign Community Unit School District 4, which is generally regarded as a strong educational anchor for the region.
The area benefits from proximity to the University of Illinois Urbana-Champaign, which serves as a major economic driver, alongside steady residential development in the western Champaign corridor.
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 typically enjoy a straightforward commute to the University of Illinois campus and downtown Champaign via major arterial roads like Windsor Road and Prospect Avenue.
The ZIP features several community parks and green spaces, including proximity to the Champaign Park District facilities, local golf courses, and retail hubs along the Prospect Avenue corridor.
The rental market is characterized by steady demand driven by university-affiliated residents and professionals, with moderate vacancy pressure and consistent rent growth.
The economy is anchored by the University of Illinois Urbana-Champaign, with significant contributions from the healthcare, technology, and agricultural research sectors.
The area is primarily car-dependent, though it is well-connected to the Champaign-Urbana Mass Transit District bus network which serves the broader metro area.
Ongoing residential expansion continues in the western portions of the ZIP, with new subdivisions and mixed-use developments frequently approved to accommodate population growth.
The Champaign County Supervisor of Assessments manages property valuations, utilizing a mass appraisal system to determine fair market value for tax purposes.
Parcels are subject to various taxing districts, including Champaign Community Unit School District 4, Parkland College District 505, and local municipal service districts.
Data retrieved from US Census Bureau 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.
Known for high-end custom homes and waterfront properties.
Deterministic aggregate of 1 researched property in this ZIP (latest reading each) — each property weighs one; per point, properties lacking the value are excluded. Property-level records (taxes, scores, permits) never roll individually.
No county-record distress flags across 1 researched property on the ARED base layer. Key-figure check: median price diverges 12.7% from the nearest retained anchor (researched-property base layer) — beyond the 12.5% tolerance; an automated validation case is open and the value publishes pending its verdict. Validation: the flagged $336,572 failed independent re-validation and was removed (no prior-cycle value to revert to); the case is under review in the Command Center.