Savoy, Illinois.
Typical home $353,829 (+2.3% in a year), asking rent $1,409 . Champaign-Urbana, IL metro.
to buy the typical home at today's mortgage rate — +$968 (+109%) since Jan 2020.
- 1 year
- Up $7,947 +2%
- $345,882$353,829 since Sep 2025
- 5 years
- Up $78,582 +29%
- $275,247$353,829 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.
- Savoy$1,857
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 14 years.
Typical home values in Savoy, IL rose 2.3% over the past year — faster than the nation's +1.2%.
Living in Savoy, Champaign County, Illinois
Savoy is a village of 8,857 people in Champaign County. Half its households earn more than $91,966 a year and half less, against $63,683 across Champaign County; 8% of its people live below the poverty line. 59% of its homes are lived in by their owners and 41% 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 professional services.
Written by AI Claude Sonnet 5.5 wrote this on 24 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 It can be wrong or out of date.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. Savoy is a village in Champaign County, right beside the University of Illinois campus. Incomes here run well above the county's, and fewer residents live below the poverty line than you might expect in a college area. Most households own their homes, though there are renters too, and a large majority of adults hold a four-year degree. Winters are cold, with January the coldest month, 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 professional and business services, manufacturing and shops. Commutes are short, and a good number of people work from home. Among the largest workplaces in Savoy are Walmart, Greencroft Retirement Communities and the Village of Savoy Fire Department.
Things to do. Gies Memorial Stadium, the university's football stadium, is in or beside town. A short drive away are Krannert Art Museum and the Krannert Center for the Performing Arts, a theatre. For time outdoors, the University of Illinois Arboretum, a botanical garden, is also a short drive away, and Robert Allerton Park, another botanical garden, is a longer drive.
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- 3,699households
- 63%of adults have a degree
- 8%below the poverty line
- 18 mintypical commute
- 18%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 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, 2 miles away (NOAA).
Largest workplaces in Savoy
- WalmartWarehouse clubs and supercenters340
- Accolade healthcare of savoyNursing home211
- The FlightstarAircraft charter services176
- Champaign AutomotiveAutomobile dealers, new only or new and used164
- Greencroft Retirement CommunitiesContinuing care retirement communities105
- Village of Savoy - Fire DepartmentFire prevention offices, government38
- LCRE LLC Series WBRest homes without nursing care32
- Village of Savoy - Parks and Recreation DepartmentRecreational programs administration, government30
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 9 workplaces with 20 or more staff, 1,123 people in all. 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
- Strong windRelatively moderate
- Heat wavesRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Savoy’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.
Savoy home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Savoy$353,829
- 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 Savoy 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.
- Savoy29.31%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Savoy28
New listings per month
Sellers arriving at the market.
- Savoy7
Zip codes with a Savoy address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Savoy — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.