Median price for residential apartments in Urbana, IL as of Jan, 2023.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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208 Urbana, IL, USA apartments for sale
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Urbana
According to statistics, the population in Urbana, IL amounts to 42,141, which shows decline 0% compared to the previous year. The median age of the city’s residents is 24. The average household income is $34,273, shifting growth 4% from the past year, and the average property value in Urbana, IL decline 1% to $146,700 throughout the year.
| Population | 42,141 |
| Median Age | 24.3 |
| Poverty Rate | 32% |
| Household Income | $34,273 |
| Number Of Employees | 20,022 |
| Median Property Value | $146,700 |
Household Income
The average household income in Urbana, IL grew from $33,081 to $34,273 in the past year. This data is an estimate based upon 15,986 households in Urbana, IL . The chart below presents how household income is distributed in Urbana, IL in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in Urbana, IL shifted from $145,500 to $146,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in Urbana, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of Urbana, IL properties falls in the '$150,000 to $174,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Urbana, IL compared to median property taxes around the country. The prevalent amount of property taxes in Urbana, IL equals $3000, which is less than the national average.
Housing Trends
How much does an apartment cost in Urbana, IL, USA
Average apartment sale in Urbana: $186,197 (+1.3%)
| Apartment Size | Jan | vs Last Month |
|---|---|---|
| Studio apartments | $133,909 | +4.4% |
| 2-bed apartments | $158,719 | +1.3% |
| 3-bed apartments | $190,092 | +2.8% |
| 4+ bed apartments | $229,445 | -3.2% |
During Jan 2023, the average price for an apartment in/near Urbana, IL increased by 1.3% to $186,197.
Knowing the current property prices is key if you plan to buy a studio in Urbana, IL. The average price for a studio has increased since the last month, currently being $133,909. After collecting all data points, we now see that the average price for 1-bed apartment stands at $77,500 with no changes this month. Asking price for 2-bed apartment also increased by 1.3% and a place of this size will now cost you $158,719. A 3-bed apartment goes for $190,092, it increased by 2.8% lately. We discerned the rise of 4- and more bed apartment pricing. It decreased by 3.2% and made it down to $229,445.
| Listing Type | Jan | vs Last Month |
|---|---|---|
| Land for sale | $133,909 | +4.4% |
| Condos for sale | $162,450 | +14.2% |
| Houses for sale | $194,941 | +0.4% |
Price reports demonstrate that house price increased by 0.4% this month making it up to $194,941. Condos are really in demand in this season. The median price for a condo increased by 14.2%, it’s now available for $162,450. The average price of the land for sale in Urbana, IL has increased by 4.4%, and now equals $133,909.
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