Housing Market in Urbana

Urbana's housing market runs genuinely affordable on Zillow's broader average-value measure, though current list prices for homes actively on the market run meaningfully higher.

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A real gap between average value and current asking prices

Zillow's average home value (~$168,903) sits well below the median LIST price of homes currently for sale (~$279K, Movoto, July 2026) -- a real, disclosed signal of a tighter current for-sale market than the broader value index alone suggests.

Prices near campus carry a real premium

Homes closer to UIUC's Urbana-side campus and Carle Foundation Hospital typically carry higher demand than more outlying Urbana neighborhoods -- confirm current, specific comparables directly with a local agent.

Key takeaways

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Last reviewed: 2026-08-25. Independent research; not financial, tax, or legal advice -- confirm current figures with a local professional before making a decision.