The story of this market
The typical home in ZIP 61567 sells for about $147,911, or $109 per square foot.
Prices are up +2% 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 $939 a month.
ZIP 61567 — Topeka
The Peoria housing market remains competitive with steady price growth and low inventory levels. Demand is supported by a stable local economy, though buyers remain sensitive to interest rate fluctuations. Overall, the market shows resilience with consistent sales activity.
This area is well-suited for families and first-time homebuyers seeking affordability compared to national averages. It also attracts professionals working in the healthcare and manufacturing sectors who value a lower cost of living.
Median prices moved up 2.0% year over year.
Homes spend a median of 22 days on market with 0.7 months of supply — a fast-moving market.
23% 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 11.7% · poverty 5.1% — 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 2.8%/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 1.9%/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 61567, Peoria County IL
Crime rates in Peoria 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 public safety trends.
The area is served by Peoria Public Schools District 150, which offers a variety of magnet and neighborhood schools. Academic performance varies significantly across the district, with ongoing efforts to improve student outcomes and resource allocation.
The region faces moderate risks from severe thunderstorms and occasional flooding near the Illinois River. Property insurance premiums are influenced by these weather patterns and the age of the local housing stock.
Peoria's economy is anchored by major employers in healthcare, manufacturing, and education, including OSF HealthCare and Caterpillar. Development momentum is focused on downtown revitalization and infrastructure improvements to support regional connectivity.
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 highways like I-74 providing access to the employment core. Public transit options are available but limited in coverage for suburban areas.
The area features extensive park systems, including the Peoria Park District's numerous trails and green spaces. Shopping and dining are concentrated in the Grand Prairie and downtown districts.
The rental market remains stable with consistent demand driven by the local workforce and student population. Vacancy rates are generally low, and investors maintain a steady presence in the single-family rental sector.
The economy is driven by a mix of healthcare, manufacturing, and education. Major employers include OSF HealthCare, Caterpillar, and Bradley University.
The area is served by a network of highways including I-74 and I-474, facilitating regional travel. Public transportation is provided by CityLink bus services.
Development efforts are focused on infrastructure upgrades and the expansion of mixed-use residential projects in the downtown core.
Parcels are subject to various taxing districts including school, library, and park districts that fund local services.
Property insurance premiums are generally stable but reflect the regional risk of severe weather events.
Data retrieved from data.census.gov using 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.
A hub for dining, shopping, and cultural events along the Illinois River.
Features miles of hiking trails and educational programs.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.