Savoy, IL housing market
The typical Savoy home is worth about $353,000, up 2.8% in a year, 19% above the Illinois typical home. Homes typically sell in 51 days, close to asking.
Home values, sales, trends and how Savoy compares with the towns next door — updated as new data is published.
Savoy at a glance
A buyer's market
More homes are for sale than are selling — about 7 months of supply. Buyers have room to negotiate.
Typical home value, 2016–2026
Show as a table
| January | Savoy | Illinois |
|---|---|---|
| 2017 | $227,000 | $181,000 |
| 2018 | $234,000 | $190,000 |
| 2019 | $240,000 | $195,000 |
| 2020 | $243,000 | $200,000 |
| 2021 | $253,000 | $215,000 |
| 2022 | $288,000 | $236,000 |
| 2023 | $310,000 | $248,000 |
| 2024 | $311,000 | $263,000 |
| 2025 | $334,000 | $278,000 |
| 2026 | $351,000 | $290,000 |
| August 2026 | $353,000 | $298,000 |
29 new homes permitted in 2025
Builders were permitted 29 new homes in Savoy in 2025, all single-family houses, worth about $12.8 million to build. That's 3.2 per 1,000 residents, faster than across Illinois (1.6). Over the past 10 years, Savoy has permitted 533 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Savoy gained 1,577 residents while 732 new homes were permitted: about 2.2 new residents per new home. Building and growth moved roughly in step.
How Savoy 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) | 4 | 4 | 0 | $2.3 million |
| 2025 | 29 | 29 | 0 | $12.8 million |
| 2024 | 29 | 29 | 0 | $13.9 million |
| 2023 | 67 | 38 | 29 | $18.9 million |
| 2022 | 39 | 39 | 0 | $16.1 million |
| 2021 | 39 | 39 | 0 | $14.8 million |
| 2020 | 57 | 45 | 12 | $14.8 million |
| 2019 | 41 | 41 | 0 | $25.5 million |
| 2018 | 62 | 48 | 14 | $16.5 million |
| 2017 | 85 | 83 | 2 | $19.6 million |
| 2016 | 85 | 83 | 2 | $22.9 million |
| 2015 | 97 | 69 | 28 | $21.5 million |
| 2014 | 147 | 43 | 104 | $19.7 million |
| 2013 | 81 | 69 | 12 | $18.6 million |
| 2012 | 57 | 57 | 0 | $12.2 million |
| 2011 | 36 | 36 | 0 | $7.5 million |
| 2010 | 41 | 41 | 0 | $9 million |
| 2009 | 82 | 78 | 4 | $16.7 million |
| 2008 | 54 | 54 | 0 | $13.4 million |
| 2007 | 48 | 46 | 2 | $11.2 million |
| 2006 | 358 | 40 | 318 | $31.3 million |
| 2005 | 46 | 34 | 12 | $4.9 million |
| 2004 | 55 | 35 | 20 | $5.5 million |
| 2003 | 59 | 35 | 24 | $5.7 million |
| 2002 | 57 | 33 | 24 | $5.5 million |
| 2001 | 53 | 30 | 23 | $5 million |
| 2000 | 54 | 30 | 24 | $5.1 million |
How Savoy 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.
Savoy and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Savoy | $353K | +2.8% | $1,060 | 29 | $91,966 |
| Champaign | $239K | +4.2% | $1,360 | — | $100,063 |
| Champaign | — | +5%† | $1,310 | 645 | $56,118 |
| Champaign City | — | +5%† | $1,310 | — | $56,118 |
| Tolono | $254K | +6.6% | $1,130 | — | $90,641 |
| Philo | $267K | +8.4% | $1,090 | — | $113,201 |
† FHFA price index change, where Zillow has no home value for the town.
3.8 years of income
The typical Savoy home costs about 3.8 years of the town's median household income, about the same as across Illinois (3.6).
How Savoy 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 $1,060
HUD's Fair Market Rent for a two-bedroom in Savoy is $1,060 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Savoy pay a median of $1,003. A two-bedroom takes about 14% of the town's median household income.
Studio $890 · 4 bedrooms $1,400
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (61822, 61874; 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.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. 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. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.