HousingHandbookReference data

U.S. ZIP Code · IL61878

Champaign County · Champaign-Urbana, IL

Typical home value

$151,048[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+15.3%
5-year / yr
+7.1%
10-year / yr
+5.2%

Relative price

vs U.S.
-46.8%
vs metro
-20.7%
vs state
-21.0%
ZIP 61878 location in IL
Location of ZIP 61878 in IL

Price history

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

The typical home in 61878 is worth $151,048 — 20.7% below the Champaign-Urbana, IL median. Over the past year, values have risen 15.3%. 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
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

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

Effective tax rate
2.0%[3]
Typical annual tax
$2,982[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
1,127[3]
Median household income
$66,250[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
2
Elementary
1
Middle
1
High
0
  • Thomasboro Grade School

    Elementary · Grades PK–8 · Thomasboro CCSD 130

    136 students

  • Prairieview-Ogden Jr High Sch

    Middle · Grades 7–8 · Prairieview-Ogden CCSD 197

    63 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.

Gross yield
Net yield (after ~40% expenses)
Annual rent

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.

Monthly payment$764
Loan principal$120,838
Down payment$30,210
Total interest paid$154,123

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.

Own : rent ratio
Monthly cost to own$1,138
Monthly rent

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
82nd percentile[1]
Rental yield
[2]
Property tax
75th percentile[3]

Frequently asked

How much is a home worth in ZIP code 61878?
The typical home in 61878 is worth $151,048, based on the Zillow Home Value Index.
Are home values rising in 61878?
Home values in 61878 are up 15.3% over the past year, and up 7.1% a year over five years.
What is the property tax rate in 61878?
The effective property tax rate in 61878 is 2.0% — roughly $2,982 a year on a typical home.
Who lives in 61878?
ZIP code 61878 has a population of 1,127 and a median household income of $66,250.

#Comparable ZIPs

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

  • Kempton, IL

    Typical home
    $150,547
    Gross yield
  • Sibley, IL

    Typical home
    $150,516
    Gross yield
  • Paxton, IL

    Typical home
    $152,274
    Gross yield
  • De Land, IL

    Typical home
    $155,019
    Gross yield
  • Cabery, IL

    Typical home
    $146,678
    Gross yield
  • Cerro Gordo, IL

    Typical home
    $144,004
    Gross yield

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