Why Live in Rantoul
Rantoul, a suburban village about 15 miles north of Champaign, is undergoing revitalization efforts fueled by a grant from T-Mobile. The village is enhancing its infrastructure with new sidewalks and a central plaza downtown, while businesses are updating their buildings. The upcoming Illinois Autonomous and Connected Track is expected to create numerous jobs and stimulate the local economy. Housing options include compact midcentury homes, ranch-style houses, Colonial Revival residences, midcentury brick condos, and converted townhouses from former officers' quarters. However, new construction is limited, and housing availability is fairly constrained. Rantoul is served by two public school districts and a private Catholic school, with the high school offering Advanced Placement and dual-credit programs. The village features several parks and recreational facilities, including the 60-acre Rantoul Family Sports Complex, Willow Pond Golf Club, and a 9-mile system of multi-use trails. Dining options include ET’s and Ott’s Drive In, with additional shopping and dining available in nearby Champaign. Transportation options include Interstate 57, U.S. Route 45, Amtrak, and the C-Carts minibus service. Community events organized by the chamber of commerce, such as the Fourth of July parade and summer concerts, foster a sense of togetherness. Environmental concerns include the smell from Rantoul Foods and PFAS in groundwater, though drinking water quality is regularly monitored and meets safety standards.
Frequently Asked Questions
What is the average home price in Rantoul, IL?
Homes for sale in Rantoul, IL have an average home price of $143,316.
Are home prices dropping in Rantoul?
Yes, home prices in Rantoul are down 5% in the last 12 months.
How many homes have sold over the last 12 months in Rantoul, IL?
105 homes have sold in Rantoul, IL over the last 12 months.
What are the most popular zip codes in Rantoul, IL?
How much do you need to make to afford a house in Rantoul?
The median home price in Rantoul is $132,450. If you put a 20% down payment of $26,500 and had a 30-year fixed mortgage with an interest rate of 6.77%, your estimated principal and interest payment would be $690 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $30K a year to afford the median home price in Rantoul.
How are the schools in Rantoul, IL?
Home Trends in Rantoul, IL
On average, homes in Rantoul, IL sell after 28 days on the market compared to the national average of 50 days. The median sale price for homes in Rantoul, IL over the last 12 months is $125,000, down 2% from the median home sale price over the previous 12 months.
Median Sale Price
$125,000
Median Single Family Sale Price
$130,000
Median Townhouse Sale Price
$113,000
Median 2 Bedroom Sale Price
$142,500
Average Price Per Sq Ft
$104
Number of Homes for Sale
19
Last 12 months Home Sales
105
Median List Price
$132,450
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-2%
