The story of this market
The typical home in ZIP 61721 sells for about $132,500, or $78 per square foot.
Prices are up +2.1% from a year ago, so sellers still have some momentum. Homes take about 42 days to sell. HUD's fair market rent for a two-bedroom is $1,656 a month.
ZIP 61721 — Armington
The housing market in 61721 is characterized by very low inventory and slow turnover, typical of a small rural village. Prices remain stable with modest year-over-year growth, driven by local demand rather than speculative investment. The market is currently balanced due to the limited number of active listings.
This ZIP is best suited for families or individuals seeking a quiet, rural lifestyle who are comfortable with a longer commute to regional employment hubs in exchange for lower housing costs.
Median prices moved up 2.1% year over year.
Homes spend a median of 42 days on market with 2.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 98.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 7.0% · poverty 16.1% — a mixed stability 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 3.4%/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 3.3%/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 61721, Illinois
Armington is a small rural community with very low reported crime rates, significantly lower than the regional averages found in the nearby Peoria metropolitan area.
The area is served by Hartsburg-Emden Community Unit School District 21, which maintains small class sizes and a community-focused educational environment.
The region is primarily at risk for severe thunderstorms and occasional wind damage, with standard flood risks associated with local agricultural drainage patterns.
Economic momentum is driven by the surrounding agricultural sector and proximity to the Bloomington-Normal and Peoria employment hubs, though local development remains limited.
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 long-distance commutes to major employment centers in Bloomington, Normal, or Peoria, as there is no public transit infrastructure.
Local recreation is centered on small community parks and proximity to rural outdoor spaces, with major shopping and dining amenities located approximately 20-30 minutes away in larger towns.
The rental market is extremely limited with very low inventory, primarily consisting of single-family homes; there is negligible short-term rental presence.
The local economy is heavily tied to the agricultural industry, with major regional employers in the Peoria and Bloomington-Normal areas including healthcare, manufacturing, and insurance sectors.
Transportation is entirely dependent on private vehicle use via state highways; there is no public transit or rail service available in the ZIP.
There are no major commercial or residential developments currently approved or under construction within the ZIP code boundaries.
Tazewell County Assessment Office manages property valuations, typically reassessing on a quadrennial cycle based on market trends.
Parcels are primarily subject to Hartsburg-Emden CUSD 21 and local township fire protection district levies.
Property insurance premiums are stable but reflect the regional risk profile for severe weather, including wind and hail damage common in Central Illinois.
Illinois has experienced net domestic out-migration, though rural areas like Armington see relatively stable population retention compared to urban centers.
Illinois is a judicial foreclosure state, requiring court intervention and providing homeowners with specific redemption periods.
Illinois law requires sellers to provide a Residential Real Property Disclosure Report detailing the condition of the property's major systems.
Data retrieved from data.census.gov ZCTA 61721 profile.
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.
Local green space serving the immediate village population.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.