Counties / Ohio / Champaign County

Champaign County, OH

FIPS 39021 · population 38,804 · part of Urbana, OH

$257k
Zillow home value · 2026-06
The numbers

What this county costs and earns

Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.

Zillow home value
$257k
▲ 5.9% year over year
Zillow ZHVI · direct
Median asking rent
$994
n/a year over year
Zillow ZORI · direct
Gross yield
4.6%
annual rent ÷ price, before costs
derived: rent × 12 ÷ price ✓
HUD 2-bed standard
$1,046
market rent is 0.95x the standard
HUD Fair Market Rent · direct
Independent price check

Do two methods point the same way?

Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.

Both annual signals move in the same direction
FHFA five-year cumulative+56.8%not annualized · through 2025
0%ZILLOW ZHVI2026-06+5.9%FHFA HPI2025+4.2%
Annual changes use different methods and may use different periods. The comparison checks direction and magnitude; it does not create a blended estimate. Zillow county ZHVI pulled 2026-07-26; FHFA annual county HPI pulled 2026-07-28.
Owner-reported value$204k
Surveyed gross rent$905
Rent burden 30%+37.6%
Median year built1969
Housing composition

Who occupies the stock—and what it is

ACS 2024 5-year
7.7%vacant
16,944estimated housing units
Occupied tenure23.2% renter
owner 76.8%renter 23.2%
Structure mix83.6% single-family
Single-family 83.6%20+ units 1.3%Mobile home 4.8%Other 10.4%
ACS estimates describe the standing housing stock and occupied tenure. They do not measure current listings, transaction prices or asking rents.

Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.

Annual average covered jobs11,361▲ 4.4% from the prior annual release
Covered establishments748annual average reporting locations
Average weekly wage$1,049▲ 4.8% from the prior annual release
Largest private supersectorManufacturing44.1% of disclosed private covered jobs
Local labor base

Jobs, pay and private-sector concentration

2025
0%COVERED JOBS+4.4%WEEKLY WAGE+4.8%Manufacturing44.1%
Annual QCEW counts cover jobs located at reporting establishments. The industry share uses disclosed private covered employment; it is not a resident-employment measure or a forecast.

Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2025 vs 2024 · pulled 2026-07-31. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.

County brief

What the local evidence says

01Decision frame

Champaign County poses a current-income tension: Zillow’s $257,368 median home value in 2026-06 sits against a measured $994 monthly median asking rent and a 4.63% gross yield before costs. That profile merits asset-level investigation by income-focused buyers; buyers underwriting appreciation or unverified rent increases should be cautious. FHFA’s 2025 repeat-transaction HPI rose 4.22% year over year, directionally consistent with Zillow’s movement but a different method and vintage, not a home value or a combined growth rate.

02Housing economics

Measured market rent sits below HUD’s $1,046 two-bedroom Fair Market Rent. HUD FMR is a payment standard, not an asking-rent estimate, so it cannot substitute for lease comparables or support a separate yield. The reported gross yield is based on market rent and price before operating costs. An effective property-tax rate of 1.02% makes parcel tax verification material to carrying-cost analysis; assess the subject parcel rather than treating the county median as its bill.

03Demand & competition

Realtor.com’s MLS listing evidence shows active listings up 16.49% and 23.93% of listings price-reduced. More visible listing supply and seller concessions should inform offer and resale assumptions, but they are neither closed-sale prices nor independent proof of buyer demand. Tax-return migration recorded a net inflow, with inbound average AGI $9,588 above outbound movers. The supplied figures show 31 investor purchases among 400 total purchases, a calculated 7.75% investor share; this measured presence does not establish control of all purchasing.

04Risk & next checks

Inland flood is the dominant hazard, and modeled annual climate loss equals 0.11% of building value. This is a county-level expected-loss ratio, not a dollar loss, flood-zone finding or insurance quote for a property. QCEW reports annual average covered employment at county workplaces, not resident employment or unemployment; Manufacturing is the largest disclosed private supersector, not the whole economy. Missing vacancy, lease-term and rent-comparable detail, operating and insurance costs, address-level flood history, debt terms, and closed-sale comparables prevent net-yield, property-specific hazard-cost, and sale-price underwriting. Check those items and the parcel tax bill before applying county evidence.

Cities & communities

Where people live within Champaign County

Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.

Population scale

Largest Census places

ACS 2024 5-year
Urbana city11.2KSt. Paris village2.2KMechanicsburg village1.7KNorth Lewisburg village1.7KChristiansburg village708Rosewood CDP362Woodstock village311Mutual village87
Bars use total place population, not a county-share estimate. An asterisk marks a place that crosses a county line.
Official directory

8 Census places

Population
  1. 01
    Urbana cityIncorporated place
    11,204
  2. 02
    St. Paris villageIncorporated place
    2,248
  3. 03
    Mechanicsburg villageIncorporated place
    1,713
  4. 04
    North Lewisburg villageIncorporated place
    1,706
  5. 05
    Christiansburg villageIncorporated place
    708
  6. 06
    Rosewood CDPCensus-designated place
    362
  7. 07
    Woodstock villageIncorporated place
    311
  8. 08
    Mutual villageIncorporated place
    87

Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.

Risk, demand and competition

The three things a price does not tell you

01
Risk & carrying costFEMA NRI + Census ACS
Dominant hazardinland flooding

0.105% of building value expected lost per year

Effective property tax1.02%

$2,084 median annual bill

02
DemandIRS SOI household flows
Net migration+10

1,036 in · 1,026 out

Arriving vs leaving income+$9,588

$56,666 arriving · $47,078 leaving

03
CompetitionHMDA financed purchases
Purchases by investors7.8%

31 of 400 mortgages

investorother financed
Current listing pressure

What sellers and visible supply are doing

Realtor.com® Economic Research · county inventory 2026-06 · pulled 2026-07-28
Active listings57▲ 16.5% year over year
Median days on market38▲ 3.4% year over year
Listings price-reduced23.9%seller-concession signal
Median listing pricen/a▲ 8.0% year over year

Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.

Bear case

What can break the county thesis

  1. Subject rents, vacancy, operating costs, or taxes may materially alter the pre-cost income case.
  2. County-level modeled flood loss may not reflect the asset’s flood zone, prior claims, or insurance availability.
  3. MLS listing conditions, tax-return movers, and investor-purchase data may not describe closed-sale or tenant demand in the target submarket.
Underwriting questions

Before pricing a property

Is the published rent a HUD payment standard?

No. The record identifies it as median monthly asking rent; HUD FMR is a separate two-bedroom payment standard.

Does investor participation show investors control county purchasing?

No. The record shows a measured minority share of total purchases, not proof that investors control all buyer activity.

What employment concept does the labor evidence use?

It uses QCEW annual average covered employment at workplaces in the county rather than resident employment.