Savoy

Savoy

Located in Champaign County

$184 Average Price per Sq Ft
14 Homes For Sale

Savoy has a small-town feel and access to big-city life

Savoy was once rural farmland on the southern edge of Champaign, but over time, it grew into a full-fledged suburban village. Today, Savoy is home to around 9,000 people, several parks and everything from an IMAX movie theater to a bowling alley. “Many people like its green space and trees — you don’t have the stress of downtown living,” says Todd Salen, the managing broker of The Real Estate Group, who has lived near Savoy for more than 35 years. “It’s next to a big city, but it has a very small-town feel.” The village has a few shopping plazas, and there are plans in the works to add a walkable downtown area.

Savoy provides green space, housing variety and a small-town atmosphere within reach of big-city life.
Savoy provides green space, housing variety and a small-town atmosphere within reach of big-city life.
You can find all the locals at The Savoy 16 + IMAX on weekends.
You can find all the locals at The Savoy 16 + IMAX on weekends.
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Outdoor and indoor recreation in Savoy

The Dana Colbert Park is one of Savoy’s most popular green spaces. The 55-acre park offers picnic pavilions, large open fields and a stocked fishing lake. “There’s even a sled hill for when we get our snow,” Salen says. There are several smaller community parks with playgrounds, and the Savoy Recreation Center has an indoor gymnasium and a fitness room.
Golfers can choose between the two 18-hole courses at the University of Illinois Orange and Blue Course, which is open to the public. Old Orchard Lanes and Links has a mini-golf course and tenpin bowling, and Skateland offers an arcade and laser tag in addition to its roller-skating rink. Residents can also watch new releases at The Savoy 16 + IMAX with Laser.

Residents of Savoy can head to Dana Colbert Park for a picnic on the lake.
Residents of Savoy can head to Dana Colbert Park for a picnic on the lake.
The Savoy Recreation Center is a great place to get together and play pickleball.
The Savoy Recreation Center is a great place to get together and play pickleball.
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Housing variety with a median around $350,000

The median housing price in Savoy is around $350,000, which is higher than Champaign’s median but lower than the national figure. “Savoy has both neighborhoods that are well-developed and older and some new ones,” Salen says. “Lots of new homes continue to be built there on a regular basis.”
The village has a few 1900s farmhouses, midcentury ranch-style homes and Colonial Revivals from the 1980s and ‘90s. Newly built houses usually incorporate Colonial Revival or Craftsman design elements and have front-facing garages. Single-family homes generally list between $200,000 and $700,000, and newer builds tend to occupy the upper end of the range. Condos and townhouses may sell from around $150,000 to $500,000.

With full sized lots and front facing garages, homes in Savoy have spacious yards.
With full sized lots and front facing garages, homes in Savoy have spacious yards.
Older residential streets in Savoy were built without paved sidewalks for pedestrians.
Older residential streets in Savoy were built without paved sidewalks for pedestrians.
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School choice and the benefits of a nearby university

Students can attend schools within the Champaign Unit 4 School District, which earns a B-plus on Niche. The district offers school choice — families can rank their top schools, and students are assigned based on proximity, socioeconomic status and a variety of other factors. Salen says that Carrie Busey Elementary School is often a top selection for parents. Carrie Busey rates an A-minus, and it’s a “proximity school” for some Savoy residents.
The University of Illinois Urbana-Champaign campus is just a few miles north of the village, and it’s not only a major employer and a popular college, but also a valuable amenity for locals. “The university provides access to big-time football and basketball, rock concerts, performing arts and ballet,” Salen says. “Savoy doesn’t need much because the university offers so much.” Adults aged fifty and older can take classes through the university’s Osher Lifelong Learning Institute, also known as OLLI. Course topics sometimes include jazz guitar, cryptography and yoga.

The University of Illinois Urbana-Champaign is A nearby resource for the residents of Savoy.
The University of Illinois Urbana-Champaign is A nearby resource for the residents of Savoy.
Carrie Busey Elementary School serves the students of Savoy.
Carrie Busey Elementary School serves the students of Savoy.
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Variety of restaurant choices and some retail

Savoy has a fairly standard selection of national restaurant chains, including Applebee’s and Buffalo Wild Wings, as well as several locally owned dining spots. At Star BBQ, diners can cook their choice of marinated meats on the in-table grills or opt for hearty Korean stews and noodle dishes. People who are craving American comfort food sometimes head to Old Orchard Lanes and Links for their lunch specials, Salen says. “Some days, they have meat loaf, and on others, it’s lasagna or noodles. It’s like grandma’s home cooking.” Craft beer lovers can sample sours and stouts at Triptych Brewing, along Woodfield Drive. The village’s retail and grocery stores include Schnucks, Aldi and a Walmart Supercenter. The Market Place Shopping Center, a large indoor mall, is in Champaign, about 6 miles away.

For groceries residents of Savoy head to Schnucks.
For groceries residents of Savoy head to Schnucks.
Market Place Shopping Center in Savoy is he perfect place to spend an afternoon shopping.
Market Place Shopping Center in Savoy is he perfect place to spend an afternoon shopping.
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Cars, buses and other logistics

Savoy provides access to several modes of transportation, but car travel is the most common. U.S. Route 45, a four-lane highway, bisects the community, connecting drivers to downtown Champaign and nearby interstates. Residents can also ride Champaign-Urbana Mass Transit District, or MTD, buses. MTD’s yellow route winds through Savoy and Champaign, with stops near the university campus and Market Place Mall.

The Willard Airport, just west of the village, provides convenient access to flights to Chicago or Dallas. Freight and passenger trains come through Savoy as well, and the closest Amtrak station is about 4 miles north, in central Champaign. Emergency and inpatient care is available around 6 miles away at the Carle Foundation Hospital, a Level I Trauma Center.

The Willard Airport is located at the west end of Savoy.
The Willard Airport is located at the west end of Savoy.
MTD buses are another travel option for residents of Savoy.
MTD buses are another travel option for residents of Savoy.
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An annual art fair, plus community gatherings in Colbert Park

In November, regional artists and makers bring their works to the art fair, which is often held at the Savoy Recreation Center. Many other gatherings take place in Colbert Park, Salen says. “They have cultural community events, concerts geared toward adults and activities for youth.” Past events have included a Juneteenth celebration and vintage baseball games.

Ginny West
Written By
Ginny West

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Savoy Housing Trends

Housing Trends

Median List Price
$387,400
Median Sale Price
$361,450
Median Single Family Sale Price
$422,873
Median 2 Bedroom Sale Price
$201,000
Median Change From 1st List Price
0%
Last 12 months Home Sales
128
Median Home Sale Price YoY Change
-$4
Average Price Per Sq Ft
$184

Neighborhood Facts

Number of Homes for Sale
14
Months of Supply
1.30

Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value



Source: Public Records

Property Mix - Square Feet

Savoy Has More Owners

Demographics

Total Population
9,155
Median Age
39
Population under 18
24.3%
On par with the national average
23.8%
Population over 65
19.9%
On par with the national average
19.1%

Finances

Median Household Income
$92,692
Above the national average
$71,702
Average Household Income
$114,216

Education and Workforce

High School Graduates
96.5%
College Graduates
61.9%
Significantly above the national average
34.1%
Advanced Degrees
34.9%
Above the national average
13.3%
% Population in Labor Force
58%
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Savoy
Russ Taylor
Taylor Realty Associates