How much is a home worth in ZIP code 61802?

The typical home in 61802 is worth $220,184, based on the Zillow Home Value Index.

Are home values rising in 61802?

Home values in 61802 are up 7.8% over the past year, and up 7.2% a year over five years.

What is the typical rent in 61802?

A typical home in 61802 rents for about $1,477 a month, a gross rental yield of 8.1%.

What is the property tax rate in 61802?

The effective property tax rate in 61802 is 2.0% — roughly $4,355 a year on a typical home.

ZIP code 61802 has a population of 20,293 and a median household income of $61,620.

HousingHandbookReference data

…

U.S. ZIP Code · IL61802

Champaign County · Champaign-Urbana, IL

Typical home value

$220,184^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +7.8%
5-year / yr: +7.2%
10-year / yr: +5.0%

Relative price

vs U.S.: -22.5%
vs metro: +15.7%
vs state: +15.1%

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 61802 is worth $220,184 — 15.7% above the Champaign-Urbana, IL median. Over the past year, values have risen 7.8%. Homes here rent for a typical $1,477 a month — a 8.1% gross rental yield. The effective property tax rate is 2.0%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent: $1,477^[2]
Gross yield: 8.1%^[2]
Cap rate: 4.8%^[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate: 2.0%^[3]
Typical annual tax: $4,355^[3]

#Climate risk

FEMA National Risk Index ratings for Champaign County. "Not Applicable" means the hazard does not threaten the county.

Overall risk: Relatively Moderate^[4]
Riverine flood: Relatively Moderate
Coastal flood: Not Applicable
Wildfire: Very Low
Drought: Relatively High
Heat wave: Relatively Moderate
Hurricane: Very Low
Tornado: Relatively High
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 20,293^[3]
Median household income: $61,620^[3]

#Migration

Household moves in and out of Champaign County over a year, from IRS tax-return data.

Net migration: -1,307^[5]
Moved in: 4,995
Moved out: 6,302

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools: 5
Elementary: 2
Middle: 0
High: 1

Dr Preston L Williams Jr Elem Sch
Elementary · Grades K–5 · Urbana SD 116
517 students
Thomas Paine Elem School
Elementary · Grades K–5 · Urbana SD 116
362 students
Urbana Early Childhood Ctr
Prekindergarten · Grades PK · Urbana SD 116
253 students
Champaign Co Detention Center
High · Grades 6–12 · Urbana SD 116
0 students
Juvenile Detention Center
Secondary · Grades 6–11 · Champaign/Ford ROE
0 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Home value$Monthly rent$

Gross yield8.1%

Net yield (after ~40% expenses)4.8%

Annual rent$17,726

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$1,113

Loan principal$176,147

Down payment$44,037

Total interest paid$224,666

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio1.12

Monthly cost to own$1,660

Monthly rent$1,477

Renting is meaningfully cheaper month-to-month.

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation: 85th percentile^[1]
Rental yield: 71st percentile^[2]
Property tax: 78th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 61802?: The typical home in 61802 is worth $220,184, based on the Zillow Home Value Index.
Are home values rising in 61802?: Home values in 61802 are up 7.8% over the past year, and up 7.2% a year over five years.
What is the typical rent in 61802?: A typical home in 61802 rents for about $1,477 a month, a gross rental yield of 8.1%.
What is the property tax rate in 61802?: The effective property tax rate in 61802 is 2.0% — roughly $4,355 a year on a typical home.
Who lives in 61802?: ZIP code 61802 has a population of 20,293 and a median household income of $61,620.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

61859 vs 61802 →
Ogden, IL
Typical home
$218,666
Gross yield
—
61854 vs 61802 →
Mansfield, IL
Typical home
$221,859
Gross yield
—
61847
Gifford, IL
Typical home
$223,800
Gross yield
—
61877
Sidney, IL
Typical home
$229,471
Gross yield
—
61863
Pesotum, IL
Typical home
$209,729
Gross yield
—
61843
Fisher, IL
Typical home
$231,610
Gross yield
—

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#Jump to section

U.S. ZIP Code · IL61802

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