The story of this market
The typical home in ZIP 86321 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 $1,150 a month.
ZIP 86321 — Bagdad
The Peoria housing market remains stable with modest price growth and a competitive pace for well-priced inventory. Low months of supply continue to support sellers, though buyers are increasingly selective due to interest rate sensitivity. Overall, the market is characterized by steady demand driven by local employment anchors and relative affordability.
This area is well-suited for families and first-time homebuyers looking for affordability compared to larger metropolitan areas. It also attracts investors seeking stable rental yields and professionals working in the local healthcare and manufacturing sectors.
Median prices moved up 1.4% year over year.
Homes spend a median of 35 days on market with 1.2 months of supply — a fast-moving market.
17% 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 5.2% · poverty 14.8% — 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 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 4.5%/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 61601, 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.
Crime rates in Peoria are generally higher than the national average, with property crime being the most prevalent issue. Local law enforcement continues to focus on community-based policing initiatives to address these trends.
The area is served by Peoria Public Schools District 150, which offers a mix of magnet and neighborhood schools. Performance varies significantly across the district, with several institutions receiving focused support for academic improvement.
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.
Peoria's economy is anchored by major employers in healthcare, manufacturing, and education, including OSF HealthCare and Caterpillar. Development momentum is focused on downtown revitalization and infrastructure upgrades to support local industry.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Arizona) — Senior Property Valuation Protection Option (Senior Freeze): Provides a 'freeze' on the valuation of the property for tax purposes, limiting the growth of the property tax burden for eligible seniors. State (Arizona) — Arizona Property Tax Assessment: The tax is calculated by applying an assessment ratio to the property's Limited Property Value (LPV). For primary residential property (Class 3), the assessment ratio is 10%. State (Arizona) — Arizona Property Tax Assessment: Property tax is calculated using the formula: (Full Cash Value or Limited Property Value) x Assessment Ratio = Net Assessed Value. The Net Assessed Value is then multiplied by the local tax rate. For primary residential property (Class 3), the assessment ratio is 10%. State (Arizona) — Delinquent Property Tax Lien Sale and 3-Year Redemption Foreclosure: The county treasurer sells a tax lien certificate via public auction to the investor bidding the lowest annual rate of interest (ranging from 16% down to 0% per annum under A.R.S. § 42-18114). State (Arizona) — Statutory Residential Homestead Exemption: Exempts up to $400,000 of equity in an owner-occupied primary dwelling from attachment, execution, and forced sale arising from unsecured civil judgment liens.
Commuting in Peoria is primarily car-dependent, with major highways like I-74 providing the main arteries for travel. Public transit is available via the CityLink bus system, though most residents rely on personal vehicles for daily travel to employment hubs.
Residents have access to numerous parks, including the extensive Peoria Park District system, which features trails, golf courses, and riverfront amenities. Shopping and dining are concentrated in areas like the Shoppes at Grand Prairie.
The rental market is characterized by steady demand, particularly for multi-family units near the city center and university areas. Vacancy rates remain relatively low, and investors maintain a consistent presence in the single-family rental segment.
The economy is driven by a diverse mix of healthcare, manufacturing, and education sectors. Major employers include OSF HealthCare, Caterpillar, and Bradley University.
The city is served by I-74 and several state routes, facilitating regional connectivity. Public transportation is provided by CityLink, which operates a network of bus routes throughout the city.
Development efforts are currently focused on urban infill projects and the modernization of existing infrastructure. Several mixed-use developments are in the planning stages for the downtown and riverfront areas.
The Peoria County Assessment Office is responsible for the valuation of all real property within the county. Assessments are conducted periodically to ensure equitable taxation based on market value.
Parcels in this area are subject to various special districts, including school districts, community college districts, and local library or park districts.
Property insurance premiums in the area are influenced by regional weather patterns, including risks from severe storms. Market health is stable, though insurers remain cautious regarding older housing stock.
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.
Features dining, museums, and event spaces along the Illinois River.
Offers extensive hiking trails and educational programs.
A popular public golf facility serving the local community.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.