The story of this market
The typical home in ZIP 61523 sells for about $249,900, or $151 per square foot.
Prices are up +2% from a year ago, so sellers still have some momentum. Homes take about 36 days to sell. HUD's fair market rent for a two-bedroom is $917 a month.
ZIP 61523 — Chillicothe
The housing market in the 61523 area remains stable with modest year-over-year price appreciation. Inventory levels are tight, contributing to a competitive environment for buyers. Market conditions are largely driven by the broader Peoria regional economic trends.
Median prices moved up 2.0% year over year.
Homes spend a median of 36 days on market with 1.3 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 1.4% · poverty 3.9% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 2.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 61523, Peoria County IL
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
The local economy is anchored by the broader Peoria metropolitan area, which features a mix of manufacturing, healthcare, and education sectors.
Data retrieved from US Census Bureau and FRED.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.