Cost of Living & Housing

         Mahomet is as affordable as Champaign-Urbana. Most homes are detached single family.  However, retirees, first time homebuyers and down-sizers are more able to reside comfortably here as developers have responded to the high demand for attached dwellings. Often hese offer collective lawn care, trash and maintenance services for a annual association fee.

Mahomet's age, as the oldest established community in Champaign County, means there are a wide variety of older homes and its consistent growth means there are houses of every decade and style. A budget from $100K to $1 million can purchase a home in Mahomet. 

Taxes 

  • The Village’s property tax rate in 2014 pay 2015 was .8770. The overall tax rate is 8.025
  • Sales Tax Rate 7.5% as compared to Champaign's and Urbana's 9.0%; Savoy's 8.0% and Bloomington's and Normal's 8.75%
  • Zillow.com reports a median house value of $181,400 in 61853 while the current median listing price is $98/SF per realtor.com.