The story of this market
The typical home in ZIP 61630 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 $1,147 a month.
ZIP 61630 — East Peoria
The Peoria housing market remains competitive, characterized by low inventory and steady demand. Prices have seen modest year-over-year growth, driven by a stable local economy and limited supply of available homes. Buyers are facing a seller-leaning environment, though the pace of price appreciation remains moderate.
This area is well-suited for family buyers seeking affordability, as well as medical professionals and university staff looking for proximity to major employment anchors. It also attracts investors due to the stable rental demand and lower entry price points.
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 5.5% · poverty 14.0% — 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 4.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 61630, Peoria County IL
Peoria experiences crime rates that are generally higher than the national average, with localized variations across different neighborhoods. Law enforcement continues to focus on community-based initiatives to address property and violent crime trends.
The area is served by Peoria Public Schools District 150, which offers a mix of magnet and neighborhood schools. Educational quality varies significantly by specific school, with ongoing efforts to improve student performance 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-related risks and the age of the housing stock.
The local economy is anchored by healthcare, manufacturing, and education, with major employers including OSF HealthCare and Caterpillar. Infrastructure development remains focused on revitalizing the downtown core 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 primarily rely on personal vehicles for commuting, with major corridors like I-74 providing access to the downtown employment hub. 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. Residents have access to riverfront amenities, local golf courses, and shopping districts like the Shoppes at Grand Prairie.
The rental market is characterized by steady demand and moderate vacancy rates, with a mix of single-family rentals and multi-family complexes. Investors remain active, particularly in areas near the medical district and university.
The economy is driven by a diverse mix of healthcare, manufacturing, and education sectors. Major employers include OSF HealthCare, UnityPoint Health, and Caterpillar, which maintain a significant regional presence.
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 urban infill projects and the continued expansion of medical facilities. Infrastructure improvements are prioritized to support growth in the northern and downtown sectors.
The Peoria County Assessment Office manages property valuations, with assessments typically updated on a multi-year cycle to reflect market changes.
Parcels are subject to various taxing districts, including school districts, community college districts, and local municipal service districts.
Property insurance markets are stable but sensitive to regional weather patterns, including severe storms and flood risks in low-lying areas.
Data retrieved from US Census Bureau QuickFacts and ACS 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.
Extensive network of parks, trails, and recreational facilities.
Major natural feature providing boating and scenic views.
Major open-air retail and dining destination.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.