The housing in 61525 Peoria, IL is quite affordable compared to the median value of US housing. The median value for 61525 Peoria, IL is $285,200 which is substantially lower than the US median value of $338,100. The appreciation rate for houses in 61525 Peoria, IL over a 1 year period was 7.36%, slightly lower than the national average of 8.27%. This indicates that it is a relatively safe and affordable area to invest in real estate and should be considered by prospective buyers looking for good value.
The median home cost in Peoria (zip 61525) is $285,200. Home appreciation the last 10 years has been 26.6%. Home Appreciation in Peoria (zip 61525) is up 7.3%.
Average Age of Homes
- The median age of Peoria (zip 61525) real estate is 19 years old
The Rental Market in Peoria (zip 61525)
- Renters make up 16.4% of the Peoria (zip 61525) population
- 2.0% of houses and apartments in Peoria (zip 61525), 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.