The story of this market
The typical home in ZIP 61568 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 $1,002 a month.
ZIP 61568 — Tremont
The Peoria housing market is currently characterized by a seller-leaning environment with steady price appreciation and low inventory. Demand remains consistent, supported by a stable local economy and affordable entry points for buyers. Market conditions are expected to remain balanced as inventory levels adjust to seasonal demand.
This area is well-suited for families and first-time homebuyers looking for affordability and access to established community amenities. It also attracts investors seeking stable rental yields in a consistent, mid-sized market.
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 1.0% · poverty 3.4% — 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 4.3%/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 3.5%/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 61568, Peoria County IL
Crime rates in the Peoria area are generally higher than the national average, with property crime being the most frequently reported issue. Local law enforcement continues to focus on community-based policing initiatives to address these trends.
The area is served by Peoria Public Schools District 150, which offers a mix of magnet and neighborhood schools. Academic performance varies significantly across the district, with several specialized programs available for high-achieving students.
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. Infrastructure projects focus on downtown revitalization and improving regional transit 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 corridors like I-74 providing access to the downtown employment core. Public transit options are available but limited in coverage compared to larger metropolitan areas.
The area features numerous parks, including the extensive Peoria Park District system, which offers trails, golf courses, and riverfront access. Shopping and dining are concentrated in commercial hubs along major arterial roads.
The rental market remains tight with steady demand, driven by a mix of students and local workforce professionals. Vacancy rates are generally low, and rent growth has been moderate in recent periods.
The economy is driven by healthcare, manufacturing, and higher education, with significant employment provided by OSF HealthCare and Caterpillar. The region maintains a stable industrial base with ongoing efforts to diversify into technology and services.
The area is served by a network of highways including I-74 and I-474, facilitating regional travel. Public transportation is provided by CityLink, which operates bus routes throughout the city.
Development efforts are currently focused on infill housing and the modernization of existing commercial corridors. Major projects include infrastructure improvements to support downtown growth.
The Peoria County Assessment Office manages property valuations, utilizing a mass appraisal system to ensure equitable taxation across the county.
Parcels are subject to various special districts, including school districts, community college districts, and local fire protection districts.
Property insurance remains stable, though premiums are sensitive to regional weather risks such as wind and storm damage.
Data retrieved from data.census.gov using ZCTA-level profiles.
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 major hub for dining, entertainment, and riverfront festivals.
Features extensive hiking trails and educational programs.
A major anchor institution providing cultural and athletic events.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.