The story of this market
The typical home in ZIP 61544 sells for about $125,000, or $85 per square foot.
Prices are up +2.5% from a year ago, so sellers still have some momentum. Homes take about 62 days to sell, which is slow. HUD's fair market rent for a two-bedroom is $850 a month.
ZIP 61544 — London Mills
The housing market in 61544 is characterized by low inventory and slow, steady price appreciation typical of rural Illinois. Demand remains modest, driven primarily by local residents, with limited new development activity. Market conditions are stable with no significant volatility expected in the near term.
This ZIP is best suited for local workers, retirees, and those seeking affordable rural living who are comfortable with long commutes to regional employment hubs.
Median prices moved up 2.5% year over year.
Homes spend a median of 62 days on market with 4.6 months of supply — a balanced-paced market.
12% of listings have cut prices · homes sell at 96.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.6% · poverty 18.9% — a mixed stability 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 4.4%/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 3.0%/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 61544, Fulton County IL
Crime rates in this rural Fulton County area are generally low and stable, consistent with regional trends for small-town Illinois communities.
Schools serving the area are primarily part of rural consolidated districts, generally characterized by small class sizes and limited extracurricular offerings compared to urban centers.
The area faces moderate risk from severe thunderstorms and occasional flooding near local creek beds, with standard insurance coverage typically available.
Economic momentum is limited, with the area primarily serving as a rural residential base for workers commuting to larger regional hubs like Canton or Peoria.
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 long-distance commutes to employment centers in Canton or Peoria, as public transit options are non-existent.
Recreational opportunities are centered on outdoor activities, including local parks and proximity to rural hunting and fishing grounds, with limited commercial shopping.
The rental market is thin with low turnover, primarily consisting of single-family homes; vacancy pressure is low due to limited supply.
The local economy is driven by agriculture and small-scale local services, with most residents commuting to larger industrial or healthcare employers in nearby cities.
Transportation is entirely dependent on the regional highway network, with no public transit infrastructure available.
There are no major commercial or residential developments currently approved or under construction in this rural ZIP code.
The Fulton County Assessor manages property valuations, utilizing a standard mass-appraisal system based on market sales and property characteristics.
Parcels are subject to local school district taxes and county-level levies for emergency services and road maintenance.
Property insurance premiums are generally stable, though coverage for wind and hail damage is a standard consideration for homeowners in this region.
Data retrieved from US Census Bureau ZCTA-level tables.
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.
- The Orpheum Theatre4.818.5 mi
- Joe's Place | Norris, IL4.612.1 mi
- Reed's Park4.712.6 mi
- Abbe Lanes Restaurant4.510.9 mi
- Discovery Depot Children's Museum4.718.4 mi
- The Orpheum Theatre4.818.5 mi
- Galesburg Railroad Museum4.518.4 mi
- Reed's Park4.712.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Local community green space for outdoor recreation.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.