Mahomet, IL housing market
Homes typically sell in 43 days, close to asking.
Home values, sales, trends and how Mahomet compares with the towns next door — updated as new data is published.
Mahomet at a glance
A balanced market
About 6 months of supply: neither buyers nor sellers have a clear edge.
Home prices up 45% in 5 years
The federal house price index for the ZIP codes around Mahomet rose 45% over the past 5 years, about the same as across Illinois. Last year prices rose 5.6%. Carrying the Census median home value forward with that index puts the typical Mahomet home at roughly $449,000 today.
Show as a table
| Year | Change that year | Since 2000 | Illinois since 2000 |
|---|---|---|---|
| 2025 | +5.6% | +116% | +96% |
| 2024 | +3.3% | +105% | +85% |
| 2023 | +5.5% | +99% | +73% |
| 2022 | +16% | +88% | +61% |
| 2021 | +8.1% | +62% | +44% |
| 2020 | +2.1% | +50% | +33% |
| 2019 | +1.9% | +47% | +32% |
| 2018 | +1.1% | +44% | +28% |
| 2017 | +2.6% | +42% | +25% |
| 2016 | +2.2% | +39% | +22% |
| 2015 | +1.5% | +36% | +19% |
| 2014 | +3.2% | +34% | +15% |
| 2013 | +0.8% | +30% | +11% |
| 2012 | +0.2% | +29% | +11% |
| 2011 | −2.3% | +28% | +14% |
| 2010 | −1.4% | +31% | +21% |
| 2009 | +1.3% | +33% | +29% |
| 2008 | −0.8% | +32% | +40% |
| 2007 | +0.7% | +33% | +45% |
| 2006 | +2.8% | +32% | +43% |
| 2005 | +6.9% | +28% | +35% |
| 2004 | +7.4% | +20% | +24% |
| 2003 | +2.9% | +11% | +15% |
| 2002 | +3.8% | +8.3% | +11% |
| 2001 | +4.3% | +4.3% | +5.6% |
| 2000 | — | — | — |
How Mahomet ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP codes 61853, 61822, 61875, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
53 new homes permitted in 2025
Builders were permitted 53 new homes in Mahomet in 2025, all single-family houses, worth about $23.4 million to build. That's 5.3 per 1,000 residents, faster than across Illinois (1.6). Over the past 10 years, Mahomet has permitted 1,020 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Mahomet gained 2,176 residents while 829 new homes were permitted: about 2.6 new residents per new home. Building and growth moved roughly in step.
How Mahomet ranks on housing keeping up with growth →
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 27 | 27 | 0 | $14.4 million |
| 2025 | 53 | 53 | 0 | $23.4 million |
| 2024 | 55 | 55 | 0 | $21.4 million |
| 2023 | 43 | 43 | 0 | $16.6 million |
| 2022 | 136 | 104 | 32 | $34.4 million |
| 2021 | 185 | 69 | 116 | $33.3 million |
| 2020 | 94 | 92 | 2 | $25.6 million |
| 2019 | 196 | 50 | 146 | $29.5 million |
| 2018 | 67 | 52 | 15 | $16.6 million |
| 2017 | 77 | 65 | 12 | $22.2 million |
| 2016 | 114 | 94 | 20 | $16.7 million |
| 2015 | 90 | 90 | 0 | $25.8 million |
| 2014 | 56 | 56 | 0 | $16.8 million |
| 2013 | 73 | 73 | 0 | $17.4 million |
| 2012 | 72 | 65 | 7 | $28.8 million |
| 2011 | 48 | 48 | 0 | $12.7 million |
| 2010 | 36 | 36 | 0 | $8.3 million |
| 2009 | 46 | 46 | 0 | $10.5 million |
| 2008 | 108 | 43 | 65 | $18 million |
| 2007 | 101 | 85 | 16 | $17.8 million |
| 2006 | 95 | 87 | 8 | $20.2 million |
| 2005 | 101 | 101 | 0 | $22.8 million |
| 2004 | 103 | 103 | 0 | $23.4 million |
| 2003 | 51 | 51 | 0 | $10.3 million |
| 2002 | 87 | 79 | 8 | $13.8 million |
| 2001 | 81 | 73 | 8 | $12.8 million |
| 2000 | 49 | 49 | 0 | $7.8 million |
How Mahomet ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Mahomet and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Mahomet | — | +5.6%† | $1,360 | 53 | $118,586 |
| Lake of the Woods | — | +6.5%† | $1,360 | — | $61,625 |
| Mahomet | $352K | +3.9% | $1,340 | — | $115,615 |
| Hensley | — | +2.4%† | $1,430 | — | $108,081 |
| Newcomb | — | +8.2%† | $1,230 | — | $109,265 |
† FHFA price index change, where Zillow has no home value for the town.
2.5 years of income
The typical Mahomet home costs about 2.5 years of the town's median household income, less than across Illinois (3.6 years).
How Mahomet ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,360
HUD's Fair Market Rent for a two-bedroom in Mahomet is $1,360 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Mahomet pay a median of $1,396. A two-bedroom takes about 14% of the town's median household income.
Studio $1,140 · 4 bedrooms $1,810
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (61822, 61853, 61875; Champaign-Urbana, IL HUD Metro FMR Area), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Mahomet
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.