Real Estate Investing in Champaign, Illinois (61822)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61822 (Champaign, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.
No major risk flags on the data we track.
What’s happening in Champaign, IL (61822)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 61822 Champaign
The 61822 ZIP covers a section of Champaign that demands careful diligence. Prices near $336K look accessible, but the work to make a deal cash flow is real.
Rent of $1,795/mo on a $336K basis reads well until vacancy, delinquency, and capex enter the model. The honest cap rate in 61822 sits below the stated 0.0% once reality is priced in.
Regionally, 61822 sits on the difficult end of the IL spectrum. The worth a close look for read — for disciplined operators — is that pricing reflects the difficulty.
A resilient renter share of 32% in 61822 is not, on its own, a problem — but paired with below-average income and high mobility, it changes the operating playbook.
Distressed ZIPs reward experience. significant returns are possible in 61822, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Champaign:
Property Strategy for 61822
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 2BR | $185,034 | $1,430 | 5.6% | +8.6% | $92,517 |
| 3BR | $266,580 | $1,830 | 4.9% | +7.6% | $88,860 |
| 4BR | $390,027 | $1,890 | 3.5% | +7.1% | $97,507 |
| 5BR | $517,530 | — | — | +6.9% | $103,506 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 61822 Compare?
| Metric | 61822 | Champaign | Champaign-Urbana, IL | Illinois |
|---|---|---|---|---|
| Home Value | $335,927 | $243,264 | N/A | $279,761 |
| 5-Year CAGR | 6.1% | 6.6% | N/A | 6.6% |
| Avg Rent | $1,795 | $1,514 | N/A | - |
| Cap Rate | 4.2% | 5.0% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61822 (Champaign, IL). Anonymous, moderated, never written by AI.
Do you own or manage rentals in ZIP 61822 (Champaign, IL)?
~25 seconds · no account needed · your report is anonymous
Property managers serving Champaign County
Manage rentals here? List your business →Community Property Management offers quality and affordable apartments in Champaign-Urbana, including renovated units and various communities like 217 Neil and Hessel on the Park. summary from their website
Zindars Property Management offers property management services in Champaign & Urbana. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $335,927 |
| Monthly Rent | $1,795 |
| Price-to-Rent | 15.6:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 6.4% |
| Cap Rate | 4.2% |
| 5-Year IRR | 10.2% |
📈 Home Appreciation
| 1-Year | +6.3% ▲ |
| 3-Year CAGR | +5.6% ▲ |
| 5-Year CAGR | +6.1% ▲ |
| 10-Year CAGR | +4.4% ▲ |
🏠 Rent Trends
| 1-Year | N/A |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.2%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 61822
Population: 28,246
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 61822
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Dr Howard Elem School
Garden Hills Elem School
International Prep Academy
Jefferson Middle School
Kenwood Elem School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 3,857 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What price range are homes in Champaign, IL?
The median home value in Champaign, IL is roughly $336K. That puts it reasonable relative to the IL statewide average.
What strategy should investors use in Champaign, IL?
A careful cash-flow rentals with hands-on management strategy Champaign, IL best. The market produces steady results for that approach at the $336K price point.
Is it easy to find good tenants in Champaign, IL?
Tenant demand in Champaign, IL is solid. The local workforce $1,795/mo rents across most rental classes.
What kind of vacancy should I budget for in Champaign, IL?
Champaign, IL vacancy trends elevated. Investors running standard buy-and-hold plays see reasonable downtime between tenants.
Is Champaign, IL suited for a house hack?
For house hackers, Champaign, IL is a challenging. The $1,795/mo rent on a unit helps defray the mortgage on a $336K property.
You know 61822 now. You don’t know where it ranks.
This page stays free — all of it. What one page can’t tell you is how 61822 compares to every other market. Investor ($19/mo) screens every U.S. ZIP by cap rate, the 1% rule, vacancy and landlord climate, and exports your shortlist.
How 61822 ranks in Champaign-Urbana, IL
Every ZIP in this metro, ranked. Free.
AI Market Advisor
Ask questions about investing in 61822 (Champaign)
Community Ratings
What people who’ve spent time here actually say. Not paid reviews.
Be the first to rate 61822 (Champaign, IL).
It takes 30 seconds. No signup. Your rating helps everyone who comes here after you.