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Champaign County, IL

RANK #81 / 996  ·  POP 206,525  ·  IL

PROJECTED GROWTH: +3.1%

Champaign County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Champaign County?

Home to the University of Illinois Urbana-Champaign, Champaign County, Illinois, offers a blend of academic influence and Midwestern character. The county seat, Urbana, along with the larger city of Champaign, form a central hub surrounded by rich farmland. Commutes within the county are generally short, with an average travel time of under 17 minutes. The area provides extensive outdoor recreation, including over 4,000 acres of green space across seven forest preserves, featuring lakes for paddling and fishing, and miles of trails for hiking and biking, such as the Kickapoo Rail Trail.

Life in Champaign County is shaped by its diverse population, including a significant international community drawn by the university. The public school systems in towns like Mahomet, St. Joseph, and within the Champaign and Urbana districts are notable. The local economy benefits from ongoing investment in sectors like biomanufacturing, technology, and agriculture, attracting both established businesses and new ventures. Transportation options include a comprehensive bus network, bike-sharing programs, and Amtrak service, connecting residents to regional and national destinations.

[02] Market Snapshot

Housing Ratio
3.3x

Undervalued relative to economy

GDP Growth
+1.4%

Below national median

Home Prices
+6.7%

Outpacing national median

Climate & Terrain
-4.5

Harsh climate or flat terrain

Price/Rent
12x

Below national median (13x)

Housing looks undervalued at 3.3x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Champaign County U.S. National

The Numbers

DEMOGRAPHICS
Population
206,525
-0.03% YoY
Median Household Income
$61,090
Median Home Value
$192,600
+6.69% 12mo
Median Rent
$977
Average Annual Pay
$64,216
+5.8% YoY
Employment
94,777
-0.9% YoY
Income-to-Home-Value
0.3172
More affordable than average
Migration Inflow
6.18%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$222,500
Days on Market
76
Slower market
Months of Supply
3.6
Balanced market
Sale-to-List Ratio
97.9%
Negotiation room for buyers
Sold Above List
21.6%
Listings w/ Price Drops
15.9%
Building Permits (2024)
565
Single-Family Permits
196

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,932M
TOTAL
PROJECT AMOUNT STATUS
Urbana Technology Hub (Data Center)
Thor Equities, CyrusOne
$1,000M Proposed
Open Plains Wind Project
Apex Clean Energy
$300M Proposed
Little Prairie Hybrid Project (Solar + Battery Storage)
BayWa r.e. Americas
$298M Undergoing Permitting
Prairie Solar Project
BayWa r.e. Americas
$183M Under Construction
Rising Battery Storage Project
Unknown
$100M Planned
iFAB Tech Hub (Biomanufacturing)
Champaign County EDC (with EDA grant)
$51M Operating

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.4% 23 percentile
Population Growth -0.0% 28 percentile
Income Growth +7.3% 22 percentile
Vacancy Rate 2.9% 2 percentile
Home Price Change +6.7% 96 percentile
Rent Growth +4.9% 78 percentile
Price/Rent 12x 64 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Champaign County, IL a good place to move to?

Champaign County has a Boom Town Index score of 92/100, ranking #81 among 996 U.S. counties. With job growth at -0.9% and a median household income of $61,090, it's an above-average county on economic indicators.

Is Champaign County affordable?

The median home value in Champaign County is $192,600 with median rent at $977/month. The income-to-home-value ratio is 0.3172, which is more affordable than the national average.

Is Champaign County growing or shrinking?

Population growth: -0.0% year-over-year. Job growth: -0.9%. Home values changed +6.7% in the past 12 months.

Are people moving to Champaign County?

Yes — 6.18% of Champaign County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

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