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Urbana is located in the east-central part of the state of Illinois and a city and seat of Champaign County. The city is contagious on the western side with Champaign and on the southwestern side with Chicago. Urbana shares with Champaign the location of the University of Illinois’s main campus. The presence of the university plays an important factor in the city’s economy. Urbana is situated in an area that is blessed with a rich and fertile soil that is good for agriculture and has been producing soybeans and maize. The services that also plays an important role in the city’s economy include health care and finance, along with the high technology industries, distribution, manufacturing. There is a tablet that is kept in the Champaign County Courthouse that commemorates the occasion when Abraham Lincoln once took a speech against the Kansas-Nebraska Act in 1854. Urbana, Illinois is first-class city with award-winning schools, diverse and engaged neighborhoods, and a wide array of businesses, entrepreneurs, innovators that push the city to the cutting edge of education and technology. Due to the city’s status, homes and apartments tend to be on the pricier side, but the high-income average and incredible economic opportunities make them affordable for most residents. Urbana has received many accolades, such as the Greatest Food Town in the Midwest and AARP Age-Friendly Community distinction. Urbana hosts the innovative University of Illinois, and also has a National Historic Landmark with the Morrow Plots. In terms of transportation, Urbana offers some of the most efficient in the state, with three major interstates, a regional airport, the AMTRAK rail, and an award-winning mass transit district on top of being the first Gold Level Bicycle Friendly Community in Illinois. Equally-impressive is its vibrant community life, with highly-attended events like the Ellnora Guitar Festival, Market at the Square, Illinois Marathon, and the Boneyard Arts Festival. It’s hard to find a city in Illinois as committed to providing an excellent quality of life as Urbana.

Home Prices

AVERAGE
181,417 +8%
MEDIAN
150,000 +6%

Relative Price (per sqft.)

PRICE
102 +6%

Listings

ACTIVE
45 -44%
NEW
16 +100%

Market Duration

DAYS
58 -28%
Population 41,752 (10.30%)
House Size (sqft.) 1,518 (4.62%)