Example household · $83,730 · same pay · 1 adult

Champaign

Housing in Champaign, IL: Rent, Home Prices & Property Tax

$2,586 left/mo

$897/mo (1 bd) in Champaign. Median home $194,400. Property tax 2.00%.

Rent (1-bedroom)
$897
/mo
Buy
$1,562
Mortgage, tax, insurance
Buying costs more
$665
/mo

To buy

  • 20% down payment$38,880
  • Mortgage at 7.24%$1,060
  • Property tax (2.00% of value)$324/mo · $3,888/yr
  • Insurance and upkeep$178
  • Monthly total$1,562

Months to 20% down

$2,586 left each month. About 16 months (1.3 years) to save $38,880.

Rent is Zillow asking rent. The price is the Census median home value. The mortgage is a 30-year fixed at 7.24%, the Freddie Mac PMMS average for the week of Oct 29, 2026, with 20% down.

Guide: state tax and rent when you compare cities

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