The story of this market
The typical home in ZIP 61535 sells for about $182,500, or $109 per square foot.
Prices are up +4.3% from a year ago, so sellers still have some momentum. Homes take about 35 days to sell. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 61535 — Groveland
The Peoria housing market shows resilience with modest year-over-year price growth and a competitive pace of sales. Low inventory levels continue to support seller-leaning conditions, though affordability remains a key driver for local buyers. Market activity is stable, reflecting a balanced outlook for the coming quarter.
This area is well-suited for family buyers and first-time homeowners seeking affordability compared to national averages. It also attracts investors looking for stable rental yields and professionals working in the local healthcare and manufacturing sectors.
Median prices moved up 4.3% year over year.
Homes spend a median of 35 days on market with 1.1 months of supply — a fast-moving market.
17% of listings have cut prices · homes sell at 99.6% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 2.3% · poverty 0.0% — 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 5.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.2%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net outflow — more people moved out than in
ZCTA 61535, Peoria County IL
Peoria experiences crime rates that are generally higher than the national average, with property crime being the most prevalent concern. Local law enforcement continues to focus on community-based initiatives to address these trends.
The area is served by Peoria Public Schools District 150, which offers a variety of magnet and neighborhood schools. Performance varies significantly across the district, with ongoing efforts to improve student outcomes and facility quality.
The region faces moderate risks from severe thunderstorms and occasional flooding near the Illinois River. Property insurance premiums are generally stable but reflect the regional exposure to wind and storm-related damage.
Peoria maintains a stable economic base anchored by healthcare, manufacturing, and education. Development momentum is focused on downtown revitalization and infrastructure improvements to support local business expansion.
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.
Residents typically rely on personal vehicles for commuting, with major access provided by I-74 and I-474. Public transit options are available through the CityLink bus system, primarily serving the urban core.
The area features extensive park systems including Detweiller Park and the Peoria Riverfront. Residents have access to various golf courses, shopping centers like The Shoppes at Grand Prairie, and recreational trails along the river.
The rental market remains tight with low vacancy rates, driven by steady demand from students and young professionals. Rent growth has been moderate, reflecting the broader affordability of the Peoria housing market.
The economy is driven by major employers in healthcare such as OSF HealthCare and UnityPoint Health, alongside manufacturing and agricultural technology sectors.
The city is served by the Greater Peoria Mass Transit District (CityLink) and is a regional hub for highway connectivity via I-74.
Ongoing planning efforts focus on infrastructure upgrades and the expansion of residential developments in the northern parts of the city.
The Peoria County Assessment Office manages property valuations, utilizing a mass appraisal system to ensure equitable tax distribution.
Parcels are subject to various special districts including school districts, community college districts, and local fire protection districts.
Property insurance markets are stable, though premiums are influenced by regional weather patterns and the age of housing stock.
Data retrieved from data.census.gov using ZCTA 61535 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
A large regional park offering hiking trails and scenic views.
Features dining, museums, and event spaces along the Illinois River.
An open-air shopping center with major retail and dining options.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.