The story of this market
The typical home in ZIP 61615 sells for about $142,500, or $105 per square foot.
Prices are up +1.1% from a year ago, so sellers still have some momentum. Homes take about 45 days to sell. HUD's fair market rent for a two-bedroom is $1,150 a month.
ZIP 61615 — Peoria
The housing market in 61615 remains stable with moderate demand and limited inventory, supporting steady price appreciation. While some figures like months of supply are estimated due to lack of specific ZIP-level reporting, the overall trend reflects a balanced market. Buyers are active, though constrained by the current interest rate environment.
This ZIP is well-suited for families and professionals seeking a suburban environment with convenient access to Peoria's employment hubs. It offers a balance of housing affordability and proximity to essential amenities, making it attractive to both first-time buyers and long-term residents.
Median prices moved up 1.1% year over year.
Homes spend a median of 45 days on market with 3.2 months of supply — a fast-moving market.
12% 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 4.2% · poverty 7.8% — 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 1.5%/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 1.7%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 61615, Peoria County IL
Crime in the Peoria area is generally higher than the national average, with property crime being the most frequently reported issue. Residents typically experience varying safety levels depending on the specific neighborhood within the 61615 ZIP.
Schools serving the 61615 area are part of the Peoria Public Schools and surrounding districts, which offer a mix of public and private educational options. Performance ratings vary significantly across the district, with some schools meeting state benchmarks while others face challenges.
The area is primarily at risk for severe weather events, including thunderstorms and occasional high winds. Flood risk is localized to specific low-lying areas near regional waterways, and standard property insurance covers most common hazards.
Peoria's economy is anchored by major employers in healthcare, manufacturing, and education, including OSF HealthCare and Caterpillar. Development momentum is focused on urban revitalization and infrastructure improvements within the broader metropolitan area.
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 in 61615 typically rely on personal vehicles for commuting, with easy access to major thoroughfares like I-74 and Route 6. The commute to downtown Peoria's employment core is generally efficient, typically taking 15-20 minutes.
The area features several local parks and green spaces, with proximity to the Illinois River for water-based recreation. Shopping and dining options are concentrated along the major commercial corridors within and bordering the ZIP code.
The rental market in 61615 is characterized by steady demand from students and professionals, with a mix of apartment complexes and single-family rentals. Vacancy rates remain stable, and rent growth has tracked with regional inflation.
The economy is driven by a diverse mix of healthcare, manufacturing, and education sectors. Major employers include OSF HealthCare and Caterpillar, which provide significant employment stability to the region.
The area is served by a network of highways including I-74 and Route 6, facilitating regional connectivity. Public transit options are available but limited compared to larger metropolitan areas.
Development is primarily focused on infill projects and commercial expansion along existing retail corridors. No major large-scale master-planned communities are currently under construction within the ZIP.
The Peoria County Assessment Office manages property valuations, utilizing a mass appraisal system to ensure equitable taxation across the county.
Parcels in this ZIP are subject to various special districts, including school districts, community college districts, and local fire protection districts.
Property insurance premiums in the region are influenced by national trends in weather-related claims, with standard coverage readily available for residential properties.
Data retrieved from US Census Bureau ZCTA 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.
- The Putt Club East Peoria4.38.9 mi
- Elevate Trampoline Park4.50.8 mi
- Elevate Trampoline Park4.610 mi
- Kartville4.27.4 mi
- Chuck E. Cheese3.94.6 mi
- Peoria Civic Center4.28.2 mi
- Peoria Zoo4.36.9 mi
- Caterpillar Visitors Center4.78.4 mi
- Five Points Washington4.513 mi
- Kenny's Westside Pub4.58.2 mi
- Wildlife Prairie Park4.57.6 mi
- Peoria Zoo4.36.9 mi
- Peoria Riverfront Museum4.58.4 mi
- Detweiller Park4.73.1 mi
- AMC Grand Prairie 184.22.7 mi
- Peoria Riverfront Museum4.58.4 mi
- Caterpillar Visitors Center4.78.4 mi
- The Peoria PlayHouse4.67.1 mi
- Wheels O' Time Museum4.92 mi
- Soderstrom Castle4.65.7 mi
- Wildlife Prairie Park4.57.6 mi
- Detweiller Park4.73.1 mi
- Jubilee College State Park4.49.1 mi
- Luthy Botanical Garden4.66.8 mi
- Forest Park Nature Center4.84.6 mi
- EastPort Marina4.59.1 mi
- Illinois Valley Yacht & Canoe Club4.65.7 mi
- Pekin Boat Club4.316 mi
- National Marine Service & Rentals4.35.3 mi
- WeaverRidge Golf Club4.34.1 mi
- Quail Meadows Golf Course4.49.8 mi
- Newman Golf Course46.6 mi
- Kellogg Golf Course4.11.9 mi
- Northwoods Mall44.5 mi
- Hy-Vee Grocery Store4.44.9 mi
- Kohl's4.29.9 mi
- Hy-Vee Grocery Store4.52.9 mi
- The Shoppes at Grand Prairie4.22.7 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major regional shopping destination serving the northern Peoria area.
Public golf course providing recreational space for the community.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).