The story of this market
The typical home in ZIP 61616 sells for about $151,000, 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 $913 a month.
ZIP 61616 — Peoria Heights
The housing market in 61616 is characterized by steady demand and limited inventory, resulting in a competitive environment for buyers. Prices have shown modest growth, supported by the area's appeal as a stable residential enclave within the broader Peoria metro market. Current conditions reflect a balanced market where well-priced homes sell quickly, driven by local employment stability.
This ZIP is ideal for families and professionals seeking a suburban feel with close proximity to urban amenities. It appeals to those who value a walkable commercial district and riverfront access while remaining within a short drive of Peoria's major employment hubs.
Median prices moved up 2.0% year over year.
Homes spend a median of 22 days on market with 1.2 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 4.4% · poverty 8.2% — a stable, low-distress profile.
versus the prior ACS vintage
in-migration and out-migration balanced
ZCTA 61616, Peoria County IL
ACS 2024 5-year estimates. Aggregate published statistics for this ZIP — never individual records, and never an attribute of any individual property or resident.
Peoria Heights maintains a distinct identity within the Peoria metro area, generally experiencing lower crime rates compared to the more urbanized sections of the city of Peoria. Local law enforcement presence is consistent with regional standards for a small residential municipality.
The area is served by Peoria Heights Community Unit School District 325, which provides localized public education options. School quality is generally viewed as stable, with performance metrics typical for the surrounding Peoria County region.
The area is subject to standard Midwestern climate risks, including severe thunderstorms and occasional high winds. Flood risk is localized to specific low-lying areas near the Illinois River, and property insurance premiums are influenced by regional exposure to storm-related damage.
Peoria Heights benefits from its proximity to the broader Peoria economic core, which is anchored by major employers in healthcare, manufacturing, and education. Development momentum is characterized by small-scale commercial revitalization and residential infill rather than large-scale greenfield expansion.
Property taxes in Peoria Heights are levied by the county and local school district, with rates reflecting the Illinois assessment structure. Tax bills are determined by the Peoria County assessment office, and homeowners may qualify for standard state-level homestead exemptions.
Residents of 61616 enjoy a relatively short commute to downtown Peoria, typically accessible via major arterial roads like Prospect Road. Public transit options are available through the regional bus network, though personal vehicle use remains the primary mode of transportation.
The ZIP code features significant access to the Illinois River waterfront and the popular Forest Park Nature Center. The area is known for its walkable commercial district along Prospect Road, which offers a variety of local dining and boutique shopping options.
The rental market in Peoria Heights is characterized by steady demand due to its desirable location and village-like atmosphere. Vacancy rates remain low, and rent growth has tracked with the broader Peoria metro area, reflecting a mix of long-term residents and transient professionals.
The economy is deeply integrated with the Peoria metropolitan area, which is anchored by major employers such as OSF HealthCare, UnityPoint Health, and Caterpillar Inc. The industry mix is heavily weighted toward healthcare, manufacturing, and higher education.
The area is served by a network of arterial roads connecting to the Peoria highway system, facilitating regional travel. Public transportation is provided by the Greater Peoria Mass Transit District, which operates bus routes throughout the city.
Development activity is primarily focused on the revitalization of the Prospect Road commercial corridor and small-scale residential improvements. There are no major large-scale infrastructure projects currently reported within the ZIP boundaries.
The Peoria County Assessment Office manages property valuations, utilizing a mass appraisal system to determine fair market value for tax purposes. Assessments are updated periodically to reflect market trends and property improvements.
Parcels in this ZIP are subject to Peoria County property taxes, Peoria Heights CUSD 325 school taxes, and various local municipal and utility district levies.
Property insurance in the region is subject to standard market rates, with premiums influenced by the area's exposure to severe weather events. Market health is stable, though insurers remain sensitive to regional storm-related loss history.
Data retrieved from Census Bureau ZCTA profiles and Census Reporter.
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 regional nature preserve offering extensive hiking trails and educational programming.
The primary commercial corridor featuring local restaurants, cafes, and boutique retail.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.