Zip 61603 (Peoria, IL) Housing

The housing in 61603 Peoria, IL is much more affordable than the rest of the country. The median value of a house in this area is $67,200 compared to the US median value of $338,100, making it an attractive option for buyers looking for reasonably priced housing. In addition, the 1 year house appreciation rate for this area is 11.29%, which is higher than the US average of 8.27%. This suggests that property values may be increasing at a faster rate in 61603 Peoria, IL than in other areas of the country.

The median home cost in Peoria (zip 61603) is $67,200. Home appreciation the last 10 years has been 25.3%. Home Appreciation in Peoria (zip 61603) is up 13.3%.

Average Age of Homes

- The median age of Peoria (zip 61603) real estate is 76 years old

The Rental Market in Peoria (zip 61603)

- Renters make up 42.2% of the Peoria (zip 61603) population
- 3.6% of houses and apartments in Peoria (zip 61603), 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Peoria, Illinois	United States
	8,333.0	139,647,020.0
	57	42
	$67,200	$338,100
	13.3%	16.6%
	28.0%	57.0%
	25.3%	101.1%
	$24.19	$10.98
	$1,616	$2,690
	37.6%	57.4%
	21.2%	11.2%
	41.2%	31.4%
Vacant Housing
	3.6%	1.9%
	0.3%	0.4%
	0.9%	0.7%
	0.1%	0.4%
	0.3%	3.6%
	15.9%	4.1%
Value of Owner-Occupied Housing
	2.1%	2.6%
	15.2%	2.4%
	19.5%	2.8%
	28.3%	3.9%
	17.0%	4.5%
	10.4%	11.3%
	3.4%	13.0%
	2.6%	20.1%
	0.5%	13.6%
	0.0%	8.3%
	0.0%	9.7%
	1.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	1.5%	13.6%
	1.5%	13.6%
	1.8%	13.6%
	1.7%	13.2%
	6.7%	14.8%
	1.8%	13.6%
	15.5%	10.0%
	15.7%	4.7%
	50.5%	12.2%

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