The story of this market
The typical home in ZIP 61771 sells for about $182,500, or $109 per square foot.
Prices are up +1.4% 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 $782 a month.
ZIP 61771 — Secor
The Peoria housing market shows steady growth with a median sale price of $182,500 and a competitive pace of 35 days on market. Low inventory levels continue to support price appreciation, though the market remains accessible for many buyers. Overall, the market is characterized by balanced conditions with consistent demand.
This area is well-suited for families, first-time homebuyers, and professionals seeking an affordable cost of living with access to regional employment hubs.
Median prices moved up 1.4% 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 97.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.8% · poverty 6.1% — 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 1.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 61771
Crime rates in the Peoria area are generally higher than the national average, with localized variations in safety across different neighborhoods.
The area is served by various public school districts, with performance ratings varying significantly by specific school and district boundaries.
The region faces moderate risks related to severe weather, including thunderstorms and occasional flooding in low-lying areas near the Illinois River.
The local economy is anchored by healthcare, manufacturing, and education sectors, with ongoing efforts to revitalize downtown and expand infrastructure.
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.
Commutes are generally manageable with access to major highway corridors like I-74, though public transit options are limited compared to larger metros.
Residents have access to numerous parks, the Illinois River waterfront, and various golf courses and shopping centers within the Peoria metropolitan area.
The rental market remains stable with moderate vacancy pressure and consistent demand from students and workforce professionals.
The economy is driven by a mix of healthcare, manufacturing, and higher education, with major employers including OSF HealthCare and Caterpillar.
The area is served by a network of highways and local bus services, with limited regional rail connectivity.
Development is focused on urban renewal and infrastructure upgrades to support long-term growth.
The Peoria County assessment office manages property valuations based on market data and state-mandated assessment cycles.
Parcels are subject to various taxing districts, including school, library, and park districts, which influence total property tax burdens.
Property insurance premiums are influenced by regional weather risks, including wind and storm damage potential.
Net domestic migration has remained relatively stable, with modest shifts reflecting broader regional economic trends.
Illinois is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Sellers are required to provide a residential real property disclosure report detailing the condition of the property.
Data retrieved from data.census.gov using ZCTA-level 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.
- Urban Air Trampoline and Adventure Park4.518.5 mi
- Altitude Trampoline Park BLOOMINGTON, IL4.518.8 mi
- Chuck E. Cheese4.119.8 mi
- Roc Ice Cream and Golf4.519.8 mi
- Grossinger Motors Arena4.319 mi
- DESTIHL Brewery and Beer Hall4.617.5 mi
- CEFCU Arena4.617 mi
- Five Points Washington4.513.8 mi
- Hancock Stadium4.616.9 mi
- Comlara Park4.58.8 mi
- Comlara Park Bike Trails4.77.9 mi
- Washington Park District4.412.6 mi
- Children's Discovery Museum4.717.5 mi
- Vrooman Mansion4.919.4 mi
- McLean County Museum of History4.718.9 mi
- David Davis Mansion4.819.1 mi
- Ewing Cultural Center4.818.9 mi
- Comlara Park4.58.8 mi
- Davis Lodge4.712.7 mi
- Comlara Park Bike Trails4.77.9 mi
- Metamora Fields Golf Club4.712.1 mi
- El Paso Golf Club4.69.2 mi
- Hazy Hills Golf Course3.49 mi
- El Paso Antique Mall4.66.5 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 hub for dining, entertainment, and community events along the Illinois River.
A private university that serves as a significant cultural and economic anchor for the area.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.