Champaign County Illinois Residential Rent and Rental Statistics
The median monthly gross residential rent in Champaign County IL was $912 in 2019 according to the Census ACS survey.1 Average gross rent in Champaign County was $975 in 2019. The median rent more accurately depicts rental rates in the middle of the distribution of rents and is thus preferred in the analysis below. 2020 Champaign County median and average rent data will be released in September of 2021.
Data is also available below for Champaign County rental vacancy rates, Champaign County rent as a percent of median income and the fraction of renters in Champaign County.
Real Gross Rent in Champaign County Illinois (2019 dollars)2
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US Median Gross Rent | $1,097 | +1.86% | +6.82% |
| Illinois Median Gross Rent | $1,020 | +0.69% | +2.51% |
| Champaign County IL Median Gross Rent | $912 | +9.88% | +4.59% |
Champaign County IL Real Gross Rent Trends
Median gross rent for Champaign County peaked in real terms in 2015 at $919 and is now $7 (0.76%) lower. Average gross rent for Champaign County peaked in real terms in 2015 at $994 and is now $19 (1.91%) lower.
Real Gross Rent: Champaign County IL Median, Champaign County IL Average, Illinois Median, US Median
Real Gross Rent History for Champaign County
| Date | US Median |
Illinois Median |
Champaign County IL Median |
Champaign County IL Average |
|---|---|---|---|---|
| 2019 | $1,097 | $1,020 | $912 | $975 |
| 2018 | $1,077 | $1,013 | $830 | $931 |
| 2017 | $1,043 | $1,004 | $841 | $941 |
| 2016 | $1,027 | $995 | $872 | $938 |
| 2015 | $1,017 | $993 | $919 | $994 |
| 2014 | $986 | $955 | $847 | $909 |
| 2013 | $953 | $932 | $825 | $901 |
| 2012 | $940 | $923 | $812 | $879 |
| 2011 | $941 | $928 | $856 | $923 |
| 2010 | $955 | $948 | $836 | $915 |
| 2009 | $960 | $944 | $886 | $949 |
| 2007 | $927 | $920 | $780 | $858 |
| 2005 | $910 | $918 | $839 | $940 |
Champaign County Rental Vacancy Rate
The rental vacancy rate is the fraction of homes for rent that are not occupied.3 In 2019 the rental vacancy rate for Champaign County Illinois was 11.58% according to Census ACS data.
Rental Vacancy Rate in Champaign County Illinois
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 5.97% | -0.18% | +0.08% |
| Illinois | 5.65% | -0.67% | -0.36% |
| Champaign County IL | 11.58% | +1.50% | +2.68% |
Trends in Champaign County IL Rental Vacancy Rate
The rental vacancy rate in Champaign County peaked in 2017 at 12.84%. Since then it has fallen by 1.26% to 11.58%. Data records for this series originated in 2005.
Rental Vacancy Rate: Champaign County IL, Illinois, US
Historical Rental Vacancy Rate data for Champaign County
| Date | US | Illinois | Champaign County IL |
|---|---|---|---|
| 2019 | 5.97% | 5.65% | 11.58% |
| 2018 | 6.15% | 6.32% | 10.08% |
| 2017 | 6.18% | 7.02% | 12.84% |
| 2016 | 5.89% | 6.01% | 8.90% |
| 2015 | 5.85% | 6.21% | 12.76% |
| 2014 | 6.32% | 6.53% | 7.20% |
| 2013 | 6.49% | 6.16% | 8.50% |
| 2012 | 6.77% | 6.39% | 6.71% |
| 2011 | 7.40% | 7.35% | 5.75% |
| 2010 | 8.17% | 7.66% | 6.82% |
| 2009 | 8.43% | 7.84% | 7.14% |
| 2007 | 7.87% | 7.69% | 8.17% |
| 2005 | 7.74% | 9.45% | 6.79% |
Rent as a Fraction of Income
Using median household income data for Champaign County, we can calculate the fraction of income the median household would use to pay rent at the median monthly gross rent rate. For Champaign County, median monthly gross rent as a fraction of median household income was 20.88% in 2019 according to the ACS.
Champaign County Illinois Median Annual Rent as a Fraction of Median Household Income
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 20.03% | -0.47% | -0.40% |
| Illinois | 17.69% | -0.67% | -1.01% |
| Champaign County IL | 20.88% | +2.33% | +1.02% |
Trends in Champaign County IL Rent as a Fraction of Income
The fraction of median Champaign County household income required to pay median monthly gross rent peaked in 2011 (relative to the 2005 series origin) at 24.04%. Since then it has fallen by 3.15% to 20.88%.
Fraction of Income towards Rent: Champaign County IL, Illinois, US
Historical Data for Annual Rent as a Fraction of Income in Champaign County Illinois
| Date | US | Illinois | Champaign County IL |
|---|---|---|---|
| 2019 | 20.03% | 17.69% | 20.88% |
| 2018 | 20.50% | 18.36% | 18.55% |
| 2017 | 20.13% | 18.55% | 19.47% |
| 2016 | 20.43% | 18.70% | 19.86% |
| 2015 | 20.63% | 18.85% | 20.68% |
| 2014 | 20.89% | 18.91% | 20.57% |
| 2013 | 20.78% | 18.89% | 20.57% |
| 2012 | 20.65% | 18.89% | 19.74% |
| 2011 | 20.70% | 19.36% | 24.04% |
| 2010 | 20.50% | 19.21% | 19.83% |
| 2009 | 20.12% | 18.41% | 22.63% |
| 2007 | 18.66% | 17.36% | 18.36% |
| 2005 | 18.89% | 17.52% | 20.58% |
Renter Fraction in Champaign County Illinois
You can calculate the renter fraction in Champaign County in at least two ways: by housing units or by population. I've gone with the housing units measure here. This measure looks at the number of renting households in Champaign County as a fraction of total Champaign County households. In 2019 48.11% of households were renters according to Census ACS data.
Champaign County Fraction of Renters by Household Units
| 2019 | 1 Year Change | 3 Year Change | |
|---|---|---|---|
| US | 35.89% | -0.16% | -0.99% |
| Illinois | 33.99% | -0.02% | -0.75% |
| Champaign County IL | 48.11% | +2.26% | +1.72% |
Trends in the Champaign County IL Renter Fraction
At 48.11%, the 2019 household based renter fraction in Champaign County was at its highest level. The origin year for the series is 2005.
Fraction of Renting Households: Champaign County IL, Illinois, US
History of Champaign County Renter Fraction
| Date | US | Illinois | Champaign County IL |
|---|---|---|---|
| 2019 | 35.89% | 33.99% | 48.11% |
| 2018 | 36.05% | 34.01% | 45.85% |
| 2017 | 36.13% | 33.82% | 46.96% |
| 2016 | 36.88% | 34.74% | 46.39% |
| 2015 | 36.97% | 34.72% | 46.08% |
| 2014 | 36.90% | 34.51% | 44.27% |
| 2013 | 36.50% | 34.06% | 43.23% |
| 2012 | 36.09% | 33.40% | 45.01% |
| 2011 | 35.42% | 32.65% | 46.68% |
| 2010 | 34.65% | 32.27% | 46.15% |
| 2009 | 34.13% | 32.00% | 46.06% |
| 2007 | 32.80% | 29.94% | 44.51% |
| 2005 | 33.10% | 30.13% | 44.58% |
1. Gross rent is defined as contract rent plus the estimated average monthly cost of utilities (electricity, gas, water, and sewer) and fuel (oil, coal, kerosene, wood, etc.). Because some rentals include utilities and others don't, gross rent is a way of normalizing the variability. ↩
2. Real dollars are calculated using the CPI-U less shelter series. ↩
3. The rental vacancy rate is computed by dividing the number of vacant units for rent by the sum of the renter-occupied units, vacant units that are for rent, and vacant units that have been rented but not yet occupied. ↩
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