Philo, Illinois.
Typical home $269,658 (+7.7% in a year). Champaign-Urbana, IL metro.
to buy the typical home at today's mortgage rate — +$700 (+98%) since Jan 2020.
- 1 year
- Up $19,377 +8%
- $250,280$269,658 since Sep 2025
- 5 years
- Up $55,107 +26%
- $214,551$269,658 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.
- Philo$1,415
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 15 years.
Typical home values in Philo, IL rose 7.7% over the past year — faster than the nation's +1.2%.
Living in Philo, Champaign County, Illinois
Philo is a village of 1,392 people in Champaign County. Half its households earn more than $105,625 a year and half less, against $63,683 across Champaign County; 10% of its people live below the poverty line. 90% of its homes are lived in by their owners and 10% 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 people in Champaign County work in schools and health care, then professional services.
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 It can be wrong or out of date.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. Philo is a small village in Champaign County where nearly everyone owns the home they live in. Household incomes run well above the county's, and the typical home value sits comfortably in the middle range. Residents are on the younger side, and winters are cold, with the coldest weather in January, while July brings warm summer days and rain and melted snow add up to a fair amount over the year.
Work. Residents work mostly in schools, hospitals and social care, with many others in professional and business services, restaurants and hotels, and shops. Across Champaign County, the largest workplaces include the University of Illinois Urbana-Champaign and Carle Foundation Hospital. Unemployment across the county is lower than it was a year ago, and the number of jobs there has edged up slightly.
Things to do. A short drive away, Krannert Art Museum is a good stop for an afternoon, and the Krannert Center for the Performing Arts is a theatre for music and stage shows. The University of Illinois Arboretum, a botanical garden, is also a short drive away. For a longer outing, Robert Allerton Park is a botanical garden a longer drive away.
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- 488households
- 29%of adults have a degree
- 10%below the poverty line
- 24 mintypical commute
- 6%work from home
What people in Champaign County 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 34° and lows near 18°; warmest in July, with highs near 85° and lows near 64°. About 37 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Champaign Willard Airport weather station, 7 miles away (NOAA).
Largest workplaces in Champaign County
- University of Illinois Urbana-ChampaignUniversity or college12,905
- Carle Foundation HospitalGeneral hospital3,498FTE
- Champaign CUSD 4School district1,953FTE
- University of Illinois System OfficesUniversity or college1,057
- FedExCourier and express delivery services1,031
- Urbana SD 116School district805FTE
- Parkland CollegeTwo-year college724
- Mahomet-Seymour CUSD 3School district533FTE
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 205 workplaces with 20 or more staff, 64,246 people in all across the county; Philo has none of its own. Colleges come from IPEDS (NCES, 2023–24), hospitals from their Medicare cost reports (CMS, 2023) and school districts 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 wavesVery high
- Winter weatherRelatively high
- TornadoesRelatively high
- DroughtRelatively moderate
- 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 Philo’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.
Philo home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Philo$269,658
- Illinois$295,943
- United States$366,157
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
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Philo6
Zip codes with a Philo address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Philo — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.