March 23, 2012

The Housing Gap: Key findings

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Renting in Chamapaign and Vermilion Counties

  • From 2000 to  2010, fair market rents for a two-bedroom apartment in the two counties of Champaign and Vermilion have increased more than 30 percent.
  •  For Champaign County, fair market rent went up from about $600 to more than $800 for a two-bedroom apartment.
  •  For Vermilion County, fair market rent  increased from about $400 to $600 for a two-bedroom apartment in.

Renters

  • 64 percent of head of households in renter/occupied homes are white: in 2000 it was 59 percent.
  • Nearly 20 percent of head of households in renter occupied homes are black: in 2000 it was about 16 percent.
  • About 12 percent of head of households in renter occupied homes are Asian: in 2000 it was nearly 9 percent.
  • About 5 percent are Hispanic.
  • Median household income has not kept pace with rents. It has increased less than 20 percent –  from about $37,600 in 1999 to $45,200 in 2010 in Champaign County and from about $34,200 in 1999 to about $38,200 in Vermilion County.
  • Renter-occupied properties increased 20 percent over the past 10 years from 36,200 to 43,200 while owner-occupied properties increased about 8 percent from about 46,000 to nearly 50,000.
  •  Minorities making up a disproportionate percentage of the renters and are concentrated in areas with low housing value and quality.  While minority groups make up 29 percent of the total population, they make up 35 percent of the renters across the two counties.

 

Owners

  • 88 percent of head of households in owner/occupied homes are white, 7 percent black,  3 percent Asian, Less than 3 percent Hispanics
  •  Residential property values across Champaign County declined 1.4 percent over last year, according to the Champaign County Assessor’s Office. In the City of Champaign, residential property dropped 2.1 percent and in the city of Urbana, residential property declined 2.8 percent.

 

Ethnicities

  • Whites make up 70 percent of the population, down from 76 percent in 2000
  • Blacks make up 14 percent of the population, up from 13 percent in 2000
  • Asians make up nearly 8 percent of the population, up from 5 percent in 2000
  • Hispanics make up 5 percent up from 3 percent

 

Vacant housing

  • The number of vacant housing units increased 43 percent between 2000 and 2010, from about 6,200 vacant housing units to nearly 9,000 vacant housing units In 2000, about 7 percent of nearly 88,400 housing units were vacant. In 2010, about 9 percent of 101,600 housing units were vacant.

 

Sources:

Census 2010, 2000

U.S. Department of Housing and Urbana Development

Champaign County Assessor’s Office