The housing market in 61606 Peoria, IL is a desirable one with a median housing value of $101,100, significantly lower than the US median house value of $338,100. In the last year, the home appreciation rate is also much higher than the national average of 8.27%, at 11.29% in Peoria. This makes it an appealing place for those looking to purchase and invest in real estate. With its low housing costs and high appreciation rates, the area is sure to be an attractive option for both homeowners and investors alike.
The median home cost in Peoria (zip 61606) is $101,100. Home appreciation the last 10 years has been 25.3%. Home Appreciation in Peoria (zip 61606) is up 13.3%.
Average Age of Homes
- The median age of Peoria (zip 61606) real estate is 78 years old
The Rental Market in Peoria (zip 61606)
- Renters make up 48.1% of the Peoria (zip 61606) population
- 5.5% of houses and apartments in Peoria (zip 61606), 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.