How much is a home worth in ZIP code 61866?

The typical home in 61866 is worth $139,287, based on the Zillow Home Value Index.

Are home values rising in 61866?

Home values in 61866 are up 6.5% over the past year, and up 8.1% a year over five years.

What is the typical rent in 61866?

A typical home in 61866 rents for about $858 a month, a gross rental yield of 7.4%.

What is the property tax rate in 61866?

The effective property tax rate in 61866 is 2.2% — roughly $3,005 a year on a typical home.

ZIP code 61866 has a population of 13,470 and a median household income of $50,686.

HousingHandbookReference data

…

U.S. ZIP Code · IL61866

Champaign County · Champaign-Urbana, IL

Typical home value

$139,287^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +6.5%
5-year / yr: +8.1%
10-year / yr: +6.8%

Relative price

vs U.S.: -51.0%
vs metro: -26.8%
vs state: -27.2%

Price history

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

The typical home in 61866 is worth $139,287 — 26.8% below the Champaign-Urbana, IL median. Over the past year, values have risen 6.5%. Homes here rent for a typical $858 a month — a 7.4% gross rental yield. The effective property tax rate is 2.2%.

#Rent & investment

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

Monthly rent: $858^[2]
Gross yield: 7.4%^[2]
Cap rate: 4.4%^[2]

#Property tax

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

Effective tax rate: 2.2%^[3]
Typical annual tax: $3,005^[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: 13,470^[3]
Median household income: $50,686^[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: 6
Elementary: 4
Middle: 1
High: 1

Rantoul Twp High School
High · Grades 9–12 · Rantoul Township HSD 193
849 students
J W Eater Jr High School
Middle · Grades 6–8 · Rantoul City SD 137
515 students
Pleasant Acres Elem School
Elementary · Grades K–5 · Rantoul City SD 137
297 students
Eastlawn Elem School
Elementary · Grades K–4 · Rantoul City SD 137
260 students
Broadmeadow Elem School
Elementary · Grades K–5 · Rantoul City SD 137
243 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 yield7.4%

Net yield (after ~40% expenses)4.4%

Annual rent$10,298

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$704

Loan principal$111,430

Down payment$27,857

Total interest paid$142,123

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 ratio1.25

Monthly cost to own$1,071

Monthly rent$858

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: 94th percentile^[1]
Rental yield: 57th percentile^[2]
Property tax: 94th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 61866?: The typical home in 61866 is worth $139,287, based on the Zillow Home Value Index.
Are home values rising in 61866?: Home values in 61866 are up 6.5% over the past year, and up 8.1% a year over five years.
What is the typical rent in 61866?: A typical home in 61866 rents for about $858 a month, a gross rental yield of 7.4%.
What is the property tax rate in 61866?: The effective property tax rate in 61866 is 2.2% — roughly $3,005 a year on a typical home.
Who lives in 61866?: ZIP code 61866 has a population of 13,470 and a median household income of $50,686.

#Comparable ZIPs

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

61929 vs 61866 →
Hammond, IL
Typical home
$138,834
Gross yield
—
61818 vs 61866 →
Cerro Gordo, IL
Typical home
$144,004
Gross yield
—
61913
Atwood, IL
Typical home
$133,645
Gross yield
—
60919
Cabery, IL
Typical home
$146,678
Gross yield
—
61773
Sibley, IL
Typical home
$150,516
Gross yield
—
60946
Kempton, IL
Typical home
$150,547
Gross yield
—

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#Jump to section

U.S. ZIP Code · IL61866

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