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ZIP Code · IL

ZIP 61874

Part of Savoy, IL
Pop. 8,811·Champaign County·157th most expensive ZIP in Illinois
Median rent (all units)
$1,557/mo
Year-over-Year
Stable
Month-over-Month
+9.0%
vs US Median
-$408
Rising (Monthly)
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Most AffordableMost Expensive
ZIP 61874 · $1,557
More affordable than 70% of US ZIP codes · National median $1,965/mo
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Medians by bedroom

Rent by unit size

Studio
$860
1 BR
$860
2 BR
$1,020
3 BR
$1,310
4 BR+
$1,350
Research median
$1,020/mo

Bedroom estimates are gross rents that include essential utilities (electricity, water, gas, sewer, trash).

Rent trends

12-month history

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Last updated: July 20, 2026

Annual cost
$18,684/yr
At $1,557/mo median
Location
CitySavoy
StateIL
CountyChampaign County
Rent Market Meter
Strong Landlord's Market
Renter's MarketBalancedLandlord's Market
Rents are up 0.0% year-over-year. Expect competition, and move quickly to lock in terms.
Based on rent-price momentum (+0.0% YoY, +9.0% MoM), not inventory.
Demographics

Who lives here

ZIP 61874 (Savoy, IL) is majority owner-occupied, has a median income above the national average, 62.8% of residents hold a bachelor's degree or higher.

Population
8,811
Median income
$91,667
Median age
37.5
Renters
41.5%
Age distribution
24.5%
21.7%
27.3%
18.4%
Under 1824.5%
18–3421.7%
35–5427.3%
55–648.2%
65+18.4%
Gender
44.6%
55.4%
Male44.6%
Female55.4%
Race & ethnicity
64.2%
20.2%
White64.2%
Black7.1%
Hispanic7%
Asian20.2%
Other1.5%
Education (25+)
18.9%
16.9%
62.8%
No HS diploma1.4%
HS diploma18.9%
Some college16.9%
Bachelor's+62.8%
Housing tenure
58.5%
41.5%
Owner58.5%
Renter41.5%

Source: U.S. Census Bureau · ACS 2024 5-Year Estimates

2021 vs 2026

How ZIP 61874 in Savoy, IL has changed in 5 years

Income
$78,179 → $91,667
up 17.3%
Population
8,572 → 8,811
up 2.8%
Renter share
43.4% → 41.5%
-1.9 pts
Bachelor's+
57.8% → 62.8%
+5.0 pts
Median age
35.6 → 37.5
+1.9 yrs

Household income in the area moved from $78,179 to $91,667 across the same window, up 17.3% versus 2021. Census counts show ZIP 61874 in Savoy, IL adding about 239 residents over the five-year window, up 2.8% on net. The renter share has eased from 43.4% to 41.5%, with owner-occupied housing accounting for the remainder. Bachelor's-degree-or-higher attainment moved from 57.8% to 62.8% across the same window.

Community

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Local insights

Tips for renters in ZIP 61874

About renting in ZIP 61874

Last updated: July 20, 2026

ZIP code 61874 covers Savoy, IL. The median rent here is $1,557/mo as of July 2026. A 1-bedroom rents for a median of $860/mo. A 2-bedroom rents for a median of $1,020/mo.

At 20% of local median household income ($91,667/yr), ZIP 61874 ranks as affordable compared to the national benchmark of 30%. Rent prices have stayed steady over the past year.

FAQ

Frequently asked questions

How much is rent in ZIP code 61874?

As of July 20, 2026, the median monthly rent in ZIP 61874 (Savoy, IL) is $1,557. This is based on aggregated data from public sources and community submissions.

How does ZIP 61874 rent compare to the US average?

ZIP 61874's median rent of $1,557/mo is $408 (21%) below the US national median of $1,965/mo.

How does ZIP 61874 compare to other ZIPs in Illinois?

ZIP 61874 is among the more affordable ZIP codes in Illinois, ranking #157 out of 230 ZIPs at $1,557/mo.

How much income do you need to rent in ZIP 61874?

To keep rent at or below 30% of gross income, you would need to earn at least $62,000/year (~$30/hour full-time) to afford the median rent of $1,557/mo in ZIP 61874. The local median household income is $91,667/yr, meaning the typical household meets that threshold.

Is rent going up or down in ZIP 61874?

Rent in ZIP 61874 has been relatively stable over the past year, with a 0.0% change year over year as of July 20, 2026.

Is ZIP 61874 an affordable place to rent?

ZIP 61874 is considered very affordable for renters. At $1,557/mo, rent takes approximately 20% of the local median household income ($91,667/yr). The standard benchmark is 30%. ZIP 61874 falls comfortably within that range.

What percentage of ZIP 61874 residents rent vs. own?

According to Census data, approximately 41.5% of ZIP 61874 households are renters, while 58.5% are owner-occupied. ZIP 61874 leans toward homeownership, which can mean a smaller rental inventory.

How does ZIP 61874 compare to the rest of Savoy?

ZIP 61874 sits right at the Savoy citywide median of $1,557/mo.

When was rent data for ZIP 61874 last updated?

Rent data for ZIP 61874 reflects July 20, 2026. RentDataNow refreshes all data monthly using public and private datasets.
Income Affordability
20%
VERY AFFORDABLE

At $1,557/mo, rent takes ~20% of ZIP 61874's median household income ($91,667/yr). The standard benchmark is 30%.

ZIP 61874 20%Benchmark 30%
State income tax4.95%
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Schools nearby

Public schools near ZIP 61874 (Savoy, IL)

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