The housing market in East Peoria, IL (zip code 61611) is doing quite well. The median value in East Peoria is $147,400, which is lower than the US house median value of $338,100. However, this does not mean East Peoria's housing market is performing worse than the rest of the country – it has actually appreciated significantly more over the past year with an 11.29% appreciation rate compared to the 8.27% national average. This indicates that East Peoria's housing market is a good investment for buyers looking for a low-cost yet high-appreciating area to purchase a home.
The median home cost in East Peoria (zip 61611) is $147,400. Home appreciation the last 10 years has been 25.3%. Home Appreciation in East Peoria (zip 61611) is up 13.3%.
Average Age of Homes
- The median age of East Peoria (zip 61611) real estate is 53 years old
The Rental Market in East Peoria (zip 61611)
- Renters make up 21.5% of the East Peoria (zip 61611) population
- 2.8% of houses and apartments in East Peoria (zip 61611), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.