Housing in 61616 Peoria Heights, IL is very affordable when compared to the US median value of $338,100. The housing median value in 61616 Peoria Heights, IL is a much lower $94,600. This makes it an attractive place for people who are looking for a house but do not have the income to purchase one at the national average. Furthermore, house appreciation in 61616 Peoria Heights, IL has seen a 1 year increase of 11.29%, higher than the US growth rate of 8.27%. This indicates that those already living there or looking to move into the area could benefit from increased property values over time.
The median home cost in Peoria Heights (zip 61616) is $94,600. Home appreciation the last 10 years has been 25.3%. Home Appreciation in Peoria Heights (zip 61616) is up 13.3%.
Average Age of Homes
- The median age of Peoria Heights (zip 61616) real estate is 66 years old
The Rental Market in Peoria Heights (zip 61616)
- Renters make up 32.9% of the Peoria Heights (zip 61616) population
- 2.1% of houses and apartments in Peoria Heights (zip 61616), 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.