The story of this market
The typical home in ZIP 61554 sells for about $144,900, or $109 per square foot.
Prices are up +11.55% from a year ago, so sellers still have some momentum. Homes take about 22 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $836 a month.
ZIP 61554 — Pekin
The 61554 housing market is characterized by high affordability and steady price appreciation of 11.55% year-over-year. While inventory remains disciplined, the market faces elevated vacancy rates, suggesting a need for careful selection by investors. Overall, the area remains a stable, lower-cost alternative within the Peoria metropolitan region.
This area is primarily suited for budget-conscious family buyers and investors looking for affordable entry-level housing in the Peoria market.
Median prices moved up 11.6% year over year.
Homes spend a median of 22 days on market with 1.5 months of supply — a fast-moving market.
30% 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 5.6% · poverty 11.8% — a stable, low-distress profile.
versus the prior ACS vintage
ZCTA 61554, Tazewell 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 rental market shows moderate demand with an average monthly rent of $912 and a vacancy rate of approximately 8.8%.
The local economy is anchored by the broader Peoria metropolitan industrial and manufacturing base.
Data retrieved from census.gov ZCTA 61554 profile.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.