Champaign, IL home prices
Typical home $239,230 · +4.9% in a year · income needed $77,900
The Champaign, IL metro area ranks 494 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +4.9% in a year and +30.8% over five years. With 20% down at 7.11%, the typical home costs about $1,817 a month including 2.06% property tax (Champaign County rate).
Mortgage on the typical Champaign home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $47,846 | $191,384 | $1,287 | $0 | $530 | $1,817 | $77,900 |
| 10% down | $23,923 | $215,307 | $1,448 | $90 | $530 | $2,068 | $88,600 |
| 5% down | $11,962 | $227,269 | $1,529 | $95 | $530 | $2,153 | $92,300 |
| 3.5% down (FHA) | $8,373 | $234,897 | $1,580 | $106 | $530 | $2,216 | $95,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2.06% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Champaign area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Champaign County, IL | $238,398 | +5.0% | 2.06% |
| Piatt County, IL | $242,033 | +3.1% | 1.81% |
What can you afford in Illinois on your salary? · Illinois home prices · Salaries in Illinois
Frequently asked questions
How much is a house in Champaign?
The typical home in the Champaign, IL metro area is worth $239,230 (Zillow, September 2026).
What salary do you need to buy a house in Champaign?
About $77,900 a year for the typical home with 20% down at 7.11%.