Zip 61604 (Peoria, IL) Housing

The housing market in 61604 Peoria, IL is showing strong appreciation. According to the data, the median value of homes in the area stands at $89,000 which is significantly lower than the national median value of $338,100. Furthermore, the one-year house appreciation rate in 61604 Peoria, IL is 11.29%, which is above the national average of 8.27%. This suggests that buying a home in this area would be a wise investment as its value will likely continue to increase over time.

The median home cost in Peoria (zip 61604) is $89,000. Home appreciation the last 10 years has been 25.3%. Home Appreciation in Peoria (zip 61604) is up 13.3%.

Average Age of Homes

- The median age of Peoria (zip 61604) real estate is 62 years old

The Rental Market in Peoria (zip 61604)

- Renters make up 33.1% of the Peoria (zip 61604) population
- 3.3% of houses and apartments in Peoria (zip 61604), 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
	13,472.0	139,647,020.0
	67	42
	$89,000	$338,100
	13.3%	16.6%
	28.0%	57.0%
	25.3%	101.1%
	$23.66	$10.98
	$2,151	$2,690
	59.2%	57.4%
	11.0%	11.2%
	29.8%	31.4%
Vacant Housing
	3.3%	1.9%
	0.0%	0.4%
	1.6%	0.7%
	0.4%	0.4%
	0.6%	3.6%
	5.2%	4.1%
Value of Owner-Occupied Housing
	6.3%	2.6%
	7.0%	2.4%
	9.8%	2.8%
	16.3%	3.9%
	18.7%	4.5%
	27.6%	11.3%
	8.6%	13.0%
	3.3%	20.1%
	1.6%	13.6%
	0.1%	8.3%
	0.1%	9.7%
	0.5%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.9%	13.6%
	3.9%	13.6%
	4.2%	13.6%
	6.6%	13.2%
	11.3%	14.8%
	4.2%	13.6%
	20.0%	10.0%
	14.6%	4.7%
	28.2%	12.2%

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