HousingHandbookReference data

U.S. ZIP Code · IL61401

Knox County

Typical home value

$102,965[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+14.9%
5-year / yr
+4.8%
10-year / yr
+4.0%

Relative price

vs U.S.
-63.8%
vs metro
vs state
-46.2%
ZIP 61401 location in IL
Location of ZIP 61401 in IL

Price history

Zillow Home Value Index — monthly, smoothed and seasonally adjusted.

The typical home in 61401 is worth $102,965. Over the past year, values have risen 14.9%. The effective property tax rate is 1.9%.

#Rent & investment

Typical asking rent, and the returns it implies at the current home value.

Monthly rent
[2]
Gross yield
[2]
Cap rate
[2]

#Property tax

Effective rate — total real estate taxes paid relative to total home value.

Effective tax rate
1.9%[3]
Typical annual tax
$1,960[3]

#Climate risk

FEMA National Risk Index ratings for Knox County. "Not Applicable" means the hazard does not threaten the county.

Overall risk
Relatively Low[4]
Riverine flood
Relatively Low
Coastal flood
Not Applicable
Wildfire
Very Low
Drought
Relatively Moderate
Heat wave
Relatively Moderate
Hurricane
Very Low
Tornado
Relatively Moderate
Earthquake
Very Low
Winter weather
Relatively Low

#Who lives here

Population
30,580[3]
Median household income
$50,546[3]

#Migration

Household moves in and out of Knox County over a year, from IRS tax-return data.

Net migration
-97[5]
Moved in
839
Moved out
936

Schools

Open public schools in this ZIP, from the NCES Common Core of Data.

Public schools
15
Elementary
4
Middle
2
High
8
  • Galesburg Senior High School

    High · Grades 7–12 · Galesburg CUSD 205

    1,735 students

  • King School

    Elementary · Grades K–4 · Galesburg CUSD 205

    525 students

  • Steele School

    Elementary · Grades K–4 · Galesburg CUSD 205

    520 students

  • Lombard Middle School

    Middle · Grades 5–6 · Galesburg CUSD 205

    517 students

  • Silas Willard Elem School

    Elementary · Grades K–4 · Galesburg CUSD 205

    427 students

Run the numbers

Interactive calculators pre-filled with this ZIP's typical home value, rent, and property-tax rate. Edit any field to recompute.

Gross yield
Net yield (after ~40% expenses)
Annual rent

Gross and net yield are estimates based on the inputs and the selected expense ratio. Actual income and expenses will vary by property and market. Not investment advice.

Monthly payment$521
Loan principal$82,372
Down payment$20,593
Total interest paid$105,060

Estimated monthly payments include principal and interest only. Actual costs will include property tax, insurance, possibly PMI, and HOA fees not modeled here. Loan terms shown are estimates; consult a licensed lender for current rates and qualification.

Own : rent ratio
Monthly cost to own$769
Monthly rent

This calculator projects multi-year scenarios based on assumptions about appreciation, rent growth, and investment returns — none of which are guaranteed. Actual outcomes depend on variables this tool cannot know. Not financial or real estate advice.

#Metro ranking

Where this ZIP sits among others in its metro area.

Appreciation
[1]
Rental yield
[2]
Property tax
[3]

Frequently asked

How much is a home worth in ZIP code 61401?
The typical home in 61401 is worth $102,965, based on the Zillow Home Value Index.
Are home values rising in 61401?
Home values in 61401 are up 14.9% over the past year, and up 4.8% a year over five years.
What is the property tax rate in 61401?
The effective property tax rate in 61401 is 1.9% — roughly $1,960 a year on a typical home.
Who lives in 61401?
ZIP code 61401 has a population of 30,580 and a median household income of $50,546.

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