HousingHandbookReference data

U.S. ZIP Code · IL61540

Marshall County · Peoria, IL

Typical home value

$140,181[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+10.6%
5-year / yr
+7.1%
10-year / yr
+4.8%

Relative price

vs U.S.
-50.7%
vs metro
-24.1%
vs state
-26.7%
ZIP 61540 location in IL
Location of ZIP 61540 in IL

Price history

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

The typical home in 61540 is worth $140,181 — 24.1% below the Peoria, IL median. Over the past year, values have risen 10.6%. The effective property tax rate is 1.8%.

#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
1.8%[3]
Typical annual tax
$2,547[3]

#Climate risk

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

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

#Who lives here

Population
2,753[3]
Median household income
$78,824[3]

#Migration

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

Net migration
-49[5]
Moved in
275
Moved out
324

Schools

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

Public schools
1
Elementary
1
Middle
0
High
0
  • Midland Elementary School

    Elementary · Grades PK–4 · Midland CUSD 7

    262 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$709
Loan principal$112,144
Down payment$28,036
Total interest paid$143,034

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$1,038
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
59th percentile[1]
Rental yield
[2]
Property tax
39th percentile[3]

Frequently asked

How much is a home worth in ZIP code 61540?
The typical home in 61540 is worth $140,181, based on the Zillow Home Value Index.
Are home values rising in 61540?
Home values in 61540 are up 10.6% over the past year, and up 7.1% a year over five years.
What is the property tax rate in 61540?
The effective property tax rate in 61540 is 1.8% — roughly $2,547 a year on a typical home.
Who lives in 61540?
ZIP code 61540 has a population of 2,753 and a median household income of $78,824.

#Comparable ZIPs

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

  • Pekin, IL

    Typical home
    $139,056
    Gross yield
    8.4%
  • Manito, IL

    Typical home
    $138,960
    Gross yield
  • Wyoming, IL

    Typical home
    $137,221
    Gross yield
  • Armington, IL

    Typical home
    $137,211
    Gross yield
  • Washburn, IL

    Typical home
    $136,339
    Gross yield
  • Toulon, IL

    Typical home
    $144,202
    Gross yield

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