The story of this market
The typical home in ZIP 61603 sells for about $69,479, or $52 per square foot.
Prices are up +26.3% 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 $995 a month.
ZIP 61603 — Peoria
The 61603 housing market is experiencing significant price appreciation, with a 26.3% year-over-year increase in median sale price. Despite the competitive nature of the market, inventory remains limited, driving the rapid price growth observed in recent months.
This ZIP is primarily suited for budget-conscious buyers and investors looking for low entry-price points in the Peoria market.
Median prices moved up 26.3% year over year.
Homes spend a median of 35 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 0% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 13.5% · poverty 30.2% — elevated distress and economic pressure.
ZCTA 61603, Peoria 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 area includes Glen Oak Park, a significant local amenity providing green space and recreational opportunities.
The rental market is characterized by a 47% renter-occupied rate, significantly higher than the state average of 32%.
The local economy is tied to the broader Peoria industrial and service sectors.
Data sourced from City-Data and Zips.us.com profiles.
- The Putt Club East Peoria4.31.8 mi
- Elevate Trampoline Park4.56.6 mi
- Elevate Trampoline Park4.62.9 mi
- Kartville4.23.8 mi
- Chuck E. Cheese3.93.8 mi
- Peoria Civic Center4.21.7 mi
- Peoria Zoo4.30.5 mi
- Caterpillar Visitors Center4.71.6 mi
- Five Points Washington4.57.9 mi
- Kenny's Westside Pub4.51.5 mi
- Wildlife Prairie Park4.59.3 mi
- Peoria Zoo4.30.5 mi
- Peoria Riverfront Museum4.51.7 mi
- Detweiller Park4.75.7 mi
- AMC Grand Prairie 184.27.4 mi
- Peoria Riverfront Museum4.51.7 mi
- Caterpillar Visitors Center4.71.6 mi
- The Peoria PlayHouse4.60.3 mi
- Wheels O' Time Museum4.98.9 mi
- Soderstrom Castle4.62.4 mi
- Wildlife Prairie Park4.59.3 mi
- Detweiller Park4.75.7 mi
- Luthy Botanical Garden4.60.6 mi
- Forest Park Nature Center4.83.3 mi
- Glen Oak Park4.50.4 mi
- EastPort Marina4.51.8 mi
- Illinois Valley Yacht & Canoe Club4.62.8 mi
- Pekin Boat Club4.310.2 mi
- National Marine Service & Rentals4.33.1 mi
- WeaverRidge Golf Club4.34.9 mi
- Metamora Fields Golf Club4.712 mi
- Coyote Creek Golf Club4.69.7 mi
- Pine Lakes Golf Club4.66.4 mi
- Quail Meadows Golf Course4.43.6 mi
- Northwoods Mall43.6 mi
- Hy-Vee Grocery Store4.42.6 mi
- Kohl's4.22.8 mi
- Hy-Vee Grocery Store4.57.4 mi
- The Shoppes at Grand Prairie4.27.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
A major public park serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.