Housing in Urbana, IL
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$175,000
Median List Price
$230,000
Price Per Sq Ft
$146
Days on Market
58
Active Inventory
79
Months of Supply
4.6
Balanced market
Zillow Home Value
$195,039
ZHVI — January 2026
Zillow Rent Index
$1,223
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
5.9%
Off Market in 2 Weeks
31.3%
Sale-to-List Ratio
96.3%
Buyer's market
Market Activity
Source: RedfinHomes Sold
17
New Listings
31
Pending Sales
32
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$146
Median List $/SF
$154
Urbana vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with 25,000 - 50,000 residents. Urbana is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$186,300
Median Rent
$951
Total Housing Units
19,003
Vacancy Rate
13.6%
Owner Occupied
34.7%
Renter Occupied
65.3%
Median Property Tax
$4,480
per year
Monthly Cost (w/ Mortgage)
$1,122
Housing Types
The current median sale price in Urbana, IL is $175,000 according to Redfin data. Homes spend a median of 58 days on the market. 5.9% of homes sold above asking price. The market has 4.6 months of supply. The median price per square foot is $146. Zillow's observed rent index is $1,223/month. About 34.7% of housing units are owner-occupied. The median year homes were built is 1979. There are 19,003 total housing units.