Urbana, IL Townhome for Sale

With a population of 38,000 in central Illinois, Urbana makes up the east end of the Champaign-Urbana community. Connected to its counterpart through the campus of University of Illinois Urbana-Champaign, people may come to town for the university, but a vibrant local culture, lush parks and a relatively affordable housing market are some of the things that get residents to stay after graduation. Urbana’s single-family home selection is mature and varied. City blocks of late 19th-century homes, newly built subdivisions and cul-de-sacs developed in the 1970s and 1980s are all within a few miles of each other here. Urbana’s median home value of about $198,000 sits below the national median of $420,000 and the state median of about $260,000, according to data from Illinois Realtors and the National Association of Realtors. With most homes within just a few miles of the University of Illinois campus, Urbana’s home market is popular with owners interested in renting out their properties to students, along with alumni and young families. The city is also a prime choice for employees at large local employers, including the university itself, Carle Foundation Hospital, Champaign Unit 4