Mahomet, Illinois.
Typical home $352,066 (+3.8% in a year), asking rent $1,789 . Champaign-Urbana, IL metro.
to buy the typical home at today's mortgage rate — +$932 (+102%) since Jan 2020.
- 1 year
- Up $12,909 +4%
- $339,157$352,066 since Sep 2025
- 5 years
- Up $69,271 +24%
- $282,795$352,066 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Mahomet$1,848
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 16 years.
Typical home values in Mahomet, IL rose 3.8% over the past year — faster than the nation's +1.2%.
Living in Mahomet, Champaign County, Illinois
Mahomet is a village of 9,434 people in Champaign County. Half its households earn more than $118,586 a year and half less, against $63,683 across Champaign County; 4% of its people live below the poverty line. 80% of its homes are lived in by their owners and 20% are rented. Unemployment in Champaign County was 3.9% in August 2026, and the county had 0.3% more jobs in 2025 than the year before. The most residents work in schools and health care, then finance and property.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Mahomet is a village in Champaign County, and the people who live here tend to be younger than in many small towns. Incomes run well above the county's, few households live below the poverty line, and most homes are lived in by their owners rather than rented. A large share of adults hold a four-year degree. Winters are cold, with January highs near freezing and lows well below it, while summers are warm, and the year brings a fair amount of rain and melted snow.
Work. Many residents work in schools, hospitals and social care, with others in banks, insurance and property, in professional and business services, and in manufacturing. The largest workplaces in Mahomet include the Mahomet-Seymour school district, Schnuck Markets and Meridian Senior Living. A typical commute is a short one, and a good number of people work from home.
Things to do. Close to town, the Museum of the Grand Prairie is a local history museum, and Mabery Gelvin Botanical Garden and Lake of the Woods Forest Preserve offer gardens and open green space, all in or beside town. Dodds Park is a short drive away for an afternoon outdoors. For an evening out, Krannert Center for the Performing Arts is a theatre a longer drive away.
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- 3,471households
- 54%of adults have a degree
- 4%below the poverty line
- 21 mintypical commute
- 16%work from home
What residents work in
Employed residents by industry, from the Census survey. Champaign County had 95,049 jobs in 2025, 0.3% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 33° and lows near 17°; warmest in July, with highs near 84° and lows near 62°. About 40 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Champaign Southwest weather station, 10 miles away (NOAA).
Largest workplaces in Mahomet
- Mahomet-Seymour CUSD 3School district533FTE
- Schnuck MarketsSupermarket groc not convenience store73
- Meridian Senior Living623312 assisted living facilities for the elderly24
- MahometMail and parcel delivery21
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 3 workplaces with 20 or more staff, 118 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesRelatively high
- Winter weatherRelatively high
- Inland floodingRelatively high
- TornadoesRelatively high
- HailRelatively moderate
- Strong windRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Mahomet’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Champaign County and the Champaign-Urbana, IL metro.
Mahomet home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Mahomet$352,066
- Illinois$295,943
- United States$366,157
Levy by levy, and a check of one home’s own bill, the site covers Ohio’s property tax.
Sellers are cutting prices on about 1 in 3 Mahomet listings — the market is cooling.
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Mahomet33.19%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Mahomet79
New listings per month
Sellers arriving at the market.
- Mahomet19
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Mahomet$364,641
- United States$371,553
Zip codes with a Mahomet address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Mahomet — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.