Rantoul, Illinois, is a village in Champaign County with a population of around 12,000, known for its rich history and small-town charm. Originally established in the mid-19th century as a railroad hub, it grew significantly with the establishment of Chanute Air Force Base, which operated from 1917 until its closure in 1993. Today, Rantoul blends its agricultural roots with modern development, offering a mix of historic sites, like the Octave Chanute Aerospace Museum, and community events such as the annual Freedom Fest. The village features affordable living, a diverse economy with industries like manufacturing and logistics, and a strong sense of community, making it an appealing place for families and those seeking a quieter pace near the larger urban center of Champaign-Urbana.
Rantoul currently has 21 single family homes for sale with an average list price of $147,314.29, 1 townhouse for sale with a list price of $74,950, 4 condos for sale with an average list price of $149,925, and 13 lots for sale with an average list price of $731,453.39. The average annual property tax for Rantoul is $2,461.55.
Using the absorption rate, we can determine how long it's taking for homes to sell and which price points are selling the fastest in Rantoul, i.e. what's hot and what's not.
See What's Hot & What's Not in RantoulRantoul home sales for the month of August decreased in volume by 30.8% when compared to last year, while the median sale price rose by 14.9% from $154,000 to $176,900. House sales decreased by 33.3%, while the median sale price rose by 16.4% from $154,200 to $179,450. Townhouse sales stayed the same, while the median sale price stayed the same.
152
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133
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130
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111
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2021 | 2022 | 2023 | 2024 |
# of sales per year |
$113,062.50
|
$95,000
|
$125,600
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$126,500
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2021 | 2022 | 2023 | 2024 |
median sale price per year |