What is the rental yield in Will's Trace, Champaign, Illinois?

The gross yield in Will's Trace, Champaign, Illinois is 6.2. That sits alongside prices that are in line with Champaign and about 16% above Illinois. Over the past year, prices fell 2.0%, while the Red Flag score remains 77.

How does Will's Trace compare with Champaign and Illinois?

Will's Trace, Champaign, Illinois is priced in line with Champaign and about 16% above Illinois. Its gross yield is 6.2, prices are down 2.0% over the past year, and the Red Flag score is 77. Walkability is 8 and education is in the 45th percentile.

What does the recent price trend look like in Will's Trace, Champaign, Illinois?

Prices in Will's Trace, Champaign, Illinois are down 2.0% over the past year. The neighborhood is priced in line with Champaign and about 16% above Illinois, with a gross yield of 6.2. The Red Flag score is 77, indicating a higher overall risk reading.

How walkable is Will's Trace, Champaign, Illinois?

Will's Trace, Champaign, Illinois has a walkability of 8, which points to limited walkable access. The neighborhood also shows a gross yield of 6.2, prices in line with Champaign, and a Red Flag score of 77. Education is in the 45th percentile.

Neighborhood

Will's Trace

Champaign, Illinois US

Will's Trace, Champaign, Illinois is a yield-oriented neighborhood with a gross yield of 6.2 and prices in line with Champaign while sitting about 16% above Illinois. Prices have moved down 2.0% over the past year, which may support entry pricing. The area carries a Red Flag score of 77, walkability of 8, and education in the 45th percentile, so the profile combines moderate income potential with elevated overall risk and very limited walkability.

AI Summary•Updated June 2026

Area

0.06 mi²

ZIP Code

61822

County

Champaign County

State

Illinois

Redfin — median sale & volumeZillow ZORI — asking rentFEMA National Risk Index v1.20OpenStreetMap — POIFBI UCR — state crimeEPA — radon zonesWashU ACAG — satellite PM2.5US Census ACS / TIGER 2024

Verified Price · Median Sale

$329,277

YoY-2.0%

Gross Rental Yield

6.5%

Listed rent · ZORI annualized

Red Flag Index

High

77 / 100

Walkability Score

Minimal

OpenStreetMap POI density · national percentile

Education Score

45 / 100

Fair · better than 45% of U.S. districts

Pre-pandemic SEDA (2018/19) · district proxy

AI Score

Fair

DistrictScore attractiveness · national model

Will's Trace Property Prices & Rental Yield

Verified Redfin sale data and Zillow ZORI asking rent for Will's Trace, Champaign.

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Market Economics Snapshot

Jun 2026

Metric	Value	YoY
Median Sale Price	$329,277	-2.0%
Price / Sq Ft (Verified)	$164/sqft	-2.2%
Asking Rent (Median)	$1,796/mo	—
Gross Rental Yield	6.5%	—
Liquidity Score	32 / 100	Low
Homes Sold (Period)	99	-34.9%

Is Will's Trace Safe? Natural-Hazard Risk

FEMA National Risk Index composite across eight hazards, plus inherited Illinois crime context.

Red Flag Breakdown

77 / 100

High Risk

Composite is weighted by expected impact — frequent low-damage hazards (hail, wind) weigh less than flood or wildfire.

Flood100Very High

Tornado100Very High

Hail100Very High

Earthquake80Very High

Heat80Very High

Strong Wind80Very High

Wildfire60High

Hurricane40Moderate

8/8 hazards scored · FEMA NRI v1.20

Crime (state-level): Illinois averaged 20.0 crimes and 2.9 violent per 1,000 residents (+0.0% YoY) in 2024(FBI UCR). Compare the state to the country, not states as a ranking — full Safety & Crime data lives on the state page.

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What Stands Out AI Insight

Above-average gross rental yield at 6.5%

Active transaction volume — 99 homes sold last period

Flood risk is Very High (100/100)

Tornado risk is Very High (100/100)

Insights are generated from Will's Trace's live DistrictScore metrics.

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Will's Trace Environment & Safety

Satellite PM2.5 air-quality history, FBI UCR crime trend (Illinois-level, the finest official aggregation), EPA radon potential and point-source hazard screening.

Air Quality — PM2.5

2015–2024

6.9 µg/m³ Meets EPA, above WHO guideline-17.4% since 2015

EPA 9WHO 5

20152024

Annual mean fine-particle (PM2.5) concentration at the Will's Trace centroid, satellite-derived (ACAG). References: WHO guideline 5 µg/m³ · EPA annual standard 9 µg/m³. Latest year ranks worse than 78% of U.S. neighborhoods.

Illinois Crime Trend

FBI UCR

20132024

All crimes / 1k

Violent / 1k

Year	Crimes / 1k	Violent / 1k	YoY
2024	20.0	2.9	+0.0%
2023	20.1	3.1	+2.1%
2022	19.8	2.9	+13.2%
2021	17.4	3.5	-11.8%
2020	19.9	4.3	-13.1%
2019	22.7	4.2	—

Reported at the state level — the finest official US crime aggregation; Will's Trace inherits the Illinois figures.

Radon Potential

EPA

Zone 1

Zone 1 — Highest potential · Will's Trace

EPA radon zones estimate indoor radon potential county-wide (Zone 1 highest, Zone 3 lowest). Testing is recommended in all zones.

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Walkability & Amenities in Will's Trace

Amenity density and pedestrian access from OpenStreetMap points of interest.

Walkability & Amenities

OpenStreetMap POI

8

Minimal

Walkability Score

0

Grocery

0

Dining

0

Schools

0

Universities

0

Hospitals

0

Pharmacies

1

Parks

0

Rail Transit

0

Coworking

POI counts are amenities within Will's Trace's boundary plus a 400 m walk buffer. Rail transit excludes bus stops.

Will's Trace vs Champaign vs Illinois

How Will's Trace benchmarks against its city and state medians.

Benchmark vs City & State

Across Will's Trace, the median sale price sits in line with the median for Champaign neighborhoods and about 15% above the statewide median. Gross rental yield is 6.5%, against 6.5% for Champaign neighborhoods and 6.3% statewide. Over the past 12 months, prices fell 2.0%. Transaction liquidity sits in line with the median for Champaign neighborhoods and below the statewide median.

Area	Median / Sq Ft	Gross Yield	Liquidity
Will's Trace	$164/sqft	6.5%	32
Champaign	$164/sqft	6.5%	32
Illinois	$143/sqft	6.3%	34

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Buying Property in the US as a Foreigner

Federal & Illinois tax facts for non-resident buyers, plus the latest local market news.

Buying as a Foreigner

US Tax & Ownership

Applies to everyone7

Capital Gains (Federal)

Long-term capital gains taxed federally at 0/15/20%, plus a 3.8% Net Investment Income Tax on higher incomes (2026).

Property Tax

Property tax: ~1.79% average effective rate (statewide average; set and collected locally).

State Income Tax

State income tax up to 4.95%; rental income is taxed at these rates.

State Capital Gains

Capital gains are taxed as ordinary income at state rates.

Transfer Tax

Real estate transfer tax: $0.50 per $500 state + local.

Assessment Cap

No Proposition 13-style assessment cap; property is reassessed at market value.

Mansion Tax / Rent Control

No statewide mansion tax or statewide rent control.

US citizens & tax residents7

Primary-Home Exclusion

Selling your main home: exclude up to $250k of gain (single) / $500k (married) if you owned and lived there 2 of the last 5 years.

1031 Like-Kind Exchange

A 1031 like-kind exchange defers capital gains tax on investment property; 45 days to identify, 180 to close. Real estate only.

Depreciation Recapture

Residential rentals depreciate over 27.5 years; on sale, recaptured depreciation is taxed up to 25% (Section 1250).

Mortgage Interest Deduction

Mortgage interest is deductible on up to $750k of home debt. The SALT cap rose to $40,000 for 2025-2029 (reverts to $10k in 2030).

Opportunity Zones

Opportunity Zones are now permanent (2025): reinvested capital gains get deferral plus a basis step-up, and are tax-free after 10 years.

Rental Income (Resident)

Rental income is reported on Schedule E; passive-loss rules (Section 469) limit deducting rental losses against other income.

1031 State Conformity

The state conforms to the federal 1031 like-kind exchange rules.

Foreign buyers (non-residents)5

FIRPTA (Foreign Sellers)

FIRPTA: the buyer withholds 15% of the gross sale price when a nonresident sells US property. It is an advance deposit, not the final tax.

Non-Resident Capital Gains

Nonresident sellers pay US capital gains tax (generally 15-20%) on the net gain via Form 1040-NR; FIRPTA withholding is credited.

Non-Resident Rental Tax

Nonresident rental income is taxed at 30% of gross by default, or on net income at graduated rates via a Section 871(d) election (W-8ECI).

Estate Tax (Non-Resident)

Nonresidents get only a $60,000 US estate-tax exemption (vs $13.99M for residents); US property above it is taxed up to 40%. Treaties may help.

ITIN Requirement

Nonresidents without an SSN need an ITIN (Form W-7) to file US tax returns, claim FIRPTA refunds, and report rental income.

Talk to a US real-estate tax advisor

FIRPTA, ITIN & Illinois property-tax guidance for foreign buyers

Latest Champaign Real-Estate News

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Guaranteed Rate • Jun 18, 2026

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Eye On Housing • Jun 18, 2026

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Altus Group • Jun 18, 2026

Will's Trace Real Estate FAQ

Will's Trace, Champaign, Illinois shows a gross yield of 6.2 and prices in line with Champaign, while running about 16% above Illinois. Prices are down 2.0% over the past year. The Red Flag score is 77, so the return profile is paired with elevated overall risk.

Neighborhoods near Will's Trace

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