Home Values

61822 Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$194,600

  • -0.6% 1-year change
  • 2.4% 1-year forecast

The median home value in 61822 is $194,600. 61822 home values have declined -0.6% over the past year and Zillow predicts they will rise 2.4% within the next year. The median list price per square foot in 61822 is None. The median rent price in 61822 is $1,050, which is higher than the Champaign median of $875.

With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of 61822 homeowners underwater on their mortgage is 12.2%, which is lower than Champaign at 14.4%.

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Relative ZHVI
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61822 Market Overview

Data through Mar 31, 2015
  • $194,600 ZHVI
  • 2.4% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Mar 31, 2016)
  • No data Median listing price
  • $165,840 Median sale price (Feb 28, 2015)
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61822 Market Health

Data through Mar 31, 2015
  • 3.2/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Feb 28, 2015)
  • No data Average days on Zillow
  • 12.2% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • No data Delinquent on mortgage (6.3% US Avg)
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Nearby Zip Codes

Name Median ZHVI
61874 $193,000
61853 $182,000
61880 $135,600
Name Median ZHVI
61843 $122,200
61821 $119,400
61802 $114,800
Name Median ZHVI
61801 $112,200
61820 $112,000
61878 $86,600

Listings & Sales

Data through Mar 31, 2015
  • No recent data Median list price / sq ft
  • $100 Median sale price / sq ft (Feb 28, 2015)
  • No data Listings with price cut
39.3%
Sold below listing
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61822 Rentals

Data through Mar 31, 2015
  • Zillow Rent Index

  • $1,157 61822
    $1,102 Champaign
    $1,362 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 4.7 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $1,050 Rent list price
  • $0.73 Rent list price / sq ft
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