61821, Champaign, IL

The 61821 zip code of Champaign, IL has a median home value of $161,200. This is a decrease from the median home value of $183,000 in 2007. The percentage of homes with a mortgage in the 61821 zip code is 49%. The percentage of homes with a loan-to-value (LTV) ratio over 90% is also lower than the national average. This suggests that more people are able to borrow money to purchase homes in this area.

There are several factors that could be contributing to the decrease in home values in Champaign, IL. One reason could be that there are fewer jobs available in the area than there were 10 years ago. Another reason could be that more people are buying homes as an investment rather than as their primary residence. Regardless of the reasons, it is clear that home values have decreased in this area over time.