Champaign, IL Real Estate
According to census data in the year 2000 there were 28,605 housing units in Champaign.
This represents a 10% growth from 25,996 in 1990.
Of those housing units, 28,582 were located in either urbanized areas or urban clusters, and 23 were located in what is classified as a rural area.
Homeownership rate in Champaign is about 47.4%.
Champaign's vacancy rate, including seasonal lodging, is about 5.1%.
Average household size is 2.23 people.
The majority of houses, apartments or condos in Champaign were built after 1969.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 5.60% |
| One Bedroom | 17.20% |
| Two Bedrooms | 27.90% |
| Three Bedrooms | 33.80% |
| Four Bedrooms | 12.60% |
| Five Bedrooms or more | 2.80% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.5 |
| Median year structure was built | 1964 |
| Median Value of occupied units | $91,300 |
| Median Price asked for vacant units | $99,600 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.99 |
| Median year structure was built | 1973 |
| Median Monthly Rent asked for vacant units | $483 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.30% |
| Second Mortgage | 6.10% |
| Home Equity Loan | 7.20% |
| Simple Mortgage | 57.70% |
| Debt Free | 28.60% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 17% |
