61853 — Champaign County, Illinois Market Snapshot
Housing market data for zip code 61853 in Champaign County, Illinois. Updated monthly with median prices, days on market, and more.
Market Sales Data
34 sales in 2026 (year to date)
Median Sale Price
$407,450
Days to Sell
51
Homes Sold
34
Inventory
73
Sale-to-List
98.6%
New Listings
99
Price/SqFt
$196
Pending Sales
57
Conforming Loan Available
Most homebuyers in 61853 can comfortably use conventional financing. The median home price of $407,450 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
61853's market is balanced with homes taking an average of 51 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
Homes are selling very close to asking price in 61853 (98.6% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 61853 can comfortably use conventional financing. The median home price of $407,450 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 61853 are set at the county level.
2026 Loan Limits — Champaign County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 61853
To purchase the median home at $407,450 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $3,272.
Monthly Payment
$3,272
Income Required
$140,218
Principal & Interest
$2,511/mo
Down Payment (5%)
$20,373
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 61853.
Estimated Monthly Payment
$2,672
Connect with a LoanGraphs Loan Officer
Get expert guidance for zip code 61853. Tell us what you're looking for.