Rantoul, Illinois.
Typical home $141,150 (+1.7% in a year), asking rent $921 (+4.4%). Champaign-Urbana, IL metro.
to buy the typical home at today's mortgage rate — +$419 (+130%) since Jan 2020.
- 1 year
- Up $2,327 +2%
- $138,824$141,150 since Sep 2025
- 5 years
- Up $37,913 +37%
- $103,237$141,150 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.
- Rantoul$741
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in Rantoul, IL rose 1.7% over the past year — faster than the nation's +1.2%.
Asking rents in Rantoul, IL rose 4.4% over the past year — faster than the nation's +2.7%.
Owning the typical home in Rantoul runs $213/mo more than renting one. The gap peaked at $265 in May 2024.
That is $1,134 a month against $921 rent: a $741 mortgage payment, plus $242 property tax and $151 insurance & upkeep.
Owning vs renting — Rantoul
The owning line is the typical home's monthly payment at that month's rate, plus property tax and insurance & upkeep; the renting line is the typical asking rent; the grey line is the mortgage payment on its own. Same homes, same months, both ways of paying for a roof.
- Owning all in$1,134
- Renting$921
- Mortgage only$741
Property tax · $242/mo 2.06% of value a year — the ACS 2020-2024 median bill over the median home value for Champaign County, IL
Insurance & upkeep · $151/mo insurance, maintenance and repairs together, from the BLS Consumer Expenditure Survey — the national figure for mortgaged homeowners, scaled to this market's home value. BLS publishes the three bundled and they cannot be split.
Both are priced off the same month's home value, so they rise with the market. Neither is a quote — a specific home's bill depends on its assessment, its age and its insurer.
Living in Rantoul, Champaign County, Illinois
Rantoul is a village of 12,371 people in Champaign County. Half its households earn more than $48,691 a year and half less, against $63,683 across Champaign County; 17% of its people live below the poverty line. 55% of its homes are lived in by their owners and 45% 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 manufacturing.
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. Rantoul is a village in Champaign County, and its households have lower incomes than across the county as a whole, with more people living below the poverty line than most would expect. Most homes are lived in by their owners, though renting is common too, and the residents are somewhat younger than in many small Illinois towns. Winters are cold, with January the coldest month, and summers turn properly warm by July; the year brings a fair amount of rain and melted snow.
Work. Residents work mainly in schools, hospitals and social care, followed by manufacturing, transport and warehouses, and shops. The largest workplaces in town include Rantoul Foods, an animal slaughtering plant, along with the window and door maker Jeld-Wen and Walmart. Few adults hold a four-year degree, the typical commute is short, and Champaign County's job count has held roughly steady, with unemployment lower than a year ago.
Things to do. The Octave Chanute Aerospace Museum is in or beside town, a museum of aviation history on the grounds of the former air base. A longer drive away are the Krannert Art Museum and Gies Memorial Stadium, a museum and a stadium respectively. For time outdoors, Kickapoo State Recreation Area, a protected area, is also a longer drive away.
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- 5,374households
- 12%of adults have a degree
- 17%below the poverty line
- 20 mintypical commute
- 12%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 34° and lows near 16°; warmest in July, with highs near 88° and lows near 64°. About 40 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Rantoul weather station, under a mile away (NOAA).
Largest workplaces in Rantoul
- Rantoul FoodsAnimal slaughtering475
- Jeld-WenWood window and door manufacturing440
- WalmartWarehouse clubs and supercenters300
- Rantoul City SD 137School district264FTE
- Rantoul Township HSD 193School district151FTE
- Flex-N-Gate RantoulHitches, trailer, automotive, truck, and bus, manufacturing142
- Beauty Quest GroupLotions manufacturing128
- Charles IndustriesBoxes, light gauge metal, manufacturing99
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 18 workplaces with 20 or more staff, 2,153 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 wavesVery high
- Winter weatherRelatively high
- TornadoesRelatively high
- HailRelatively moderate
- EarthquakesRelatively 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 Rantoul’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.
Rantoul home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Rantoul$141,150
- 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 4 Rantoul listings — the market is roughly in balance.
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.
- Rantoul24.89%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Rantoul24
New listings per month
Sellers arriving at the market.
- Rantoul9
Zip codes with a Rantoul address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Rantoul — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.