HousingHandbookReference data

U.S. ZIP Code · IL61523

Peoria County · Peoria, IL

Typical home value

$184,752[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+8.1%
5-year / yr
+7.7%
10-year / yr
+4.0%

Relative price

vs U.S.
-35.0%
vs metro
≈ metro median
vs state
-3.4%
ZIP 61523 location in IL
Location of ZIP 61523 in IL

Price history

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

The typical home in 61523 is worth $184,752. Over the past year, values have risen 8.1%. The effective property tax rate is 2.0%.

#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
2.0%[3]
Typical annual tax
$3,635[3]

#Climate risk

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

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

#Who lives here

Population
10,203[3]
Median household income
$79,453[3]

#Migration

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

Net migration
-343[5]
Moved in
4,219
Moved out
4,562

Schools

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

Public schools
5
Elementary
2
Middle
1
High
2
  • Il Valley Central High School

    High · Grades 9–12 · Il Valley Central USD 321

    663 students

  • South Elementary School

    Elementary · Grades PK–3 · Il Valley Central USD 321

    426 students

  • Chillicothe Jr High

    Middle · Grades 6–8 · Il Valley Central USD 321

    243 students

  • Chillicothe Elementary Center

    Elementary · Grades 4–5 · Il Valley Central USD 321

    157 students

  • IVC Learning Center

    High · Grades 9–12 · Il Valley Central USD 321

    0 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$934
Loan principal$147,801
Down payment$36,950
Total interest paid$188,512

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$1,391
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
72nd percentile[1]
Rental yield
[2]
Property tax
65th percentile[3]

Frequently asked

How much is a home worth in ZIP code 61523?
The typical home in 61523 is worth $184,752, based on the Zillow Home Value Index.
Are home values rising in 61523?
Home values in 61523 are up 8.1% over the past year, and up 7.7% a year over five years.
What is the property tax rate in 61523?
The effective property tax rate in 61523 is 2.0% — roughly $3,635 a year on a typical home.
Who lives in 61523?
ZIP code 61523 has a population of 10,203 and a median household income of $79,453.

#Comparable ZIPs

Same metro, nearest typical home value. Each card shows the comparable ZIP's headline numbers so you can scan at a glance.

  • Elmwood, IL

    Typical home
    $184,353
    Gross yield
  • East Peoria, IL

    Typical home
    $186,240
    Gross yield
  • IL

    Typical home
    $190,683
    Gross yield
  • Hopedale, IL

    Typical home
    $191,036
    Gross yield
  • Roanoke, IL

    Typical home
    $177,944
    Gross yield
  • Green Valley, IL

    Typical home
    $176,577
    Gross yield

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