How much is a home worth in ZIP code 61603?

The typical home in 61603 is worth $64,203, based on the Zillow Home Value Index.

Are home values rising in 61603?

Home values in 61603 are up 5.8% over the past year, and up 7.1% a year over five years.

What is the typical rent in 61603?

A typical home in 61603 rents for about $1,168 a month, a gross rental yield of 21.8%.

What is the property tax rate in 61603?

The effective property tax rate in 61603 is 2.0% — roughly $1,265 a year on a typical home.

ZIP code 61603 has a population of 15,356 and a median household income of $41,618.

HousingHandbookReference data

…

U.S. ZIP Code · IL61603

Peoria County · Peoria, IL

Typical home value

$64,203^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +5.8%
5-year / yr: +7.1%
10-year / yr: +4.9%

Relative price

vs U.S.: -77.4%
vs metro: -65.2%
vs state: -66.4%

Price history

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

The typical home in 61603 is worth $64,203 — 65.2% below the Peoria, IL median. Over the past year, values have risen 5.8%. Homes here rent for a typical $1,168 a month — a 21.8% gross rental yield. 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: $1,168^[2]
Gross yield: 21.8%^[2]
Cap rate: 13.1%^[2]

#Property tax

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

Effective tax rate: 2.0%^[3]
Typical annual tax: $1,265^[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: 15,356^[3]
Median household income: $41,618^[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: 6
Elementary: 2
Middle: 1
High: 2

Lincoln School
Elementary · Grades K–8 · Peoria SD 150
757 students
Glen Oak Comm Learning Cntr
Elementary · Grades K–8 · Peoria SD 150
637 students
Von Steuben Middle School
Middle · Grades 5–8 · Peoria SD 150
240 students
Greeley Alternative School
High · Grades 6–12 · Peoria ROE
0 students
Online Learning Academy
Other · Grades K–12 · Peoria SD 150
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.

Home value$Monthly rent$

Gross yield21.8%

Net yield (after ~40% expenses)13.1%

Annual rent$14,018

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.

Home price$Down payment%Interest rate%Loan termyears

Monthly payment$325

Loan principal$51,362

Down payment$12,841

Total interest paid$65,510

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.

Home price$Monthly rent$Down payment%Mortgage rate%Property tax rate% / yrMaintenance% / yrRule of thumb: 1% of home value per year.

Own : rent ratio0.41

Monthly cost to own$484

Monthly rent$1,168

Owning is meaningfully cheaper month-to-month.

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: 60th percentile^[1]
Rental yield: 83rd percentile^[2]
Property tax: 67th percentile^[3]

Rankings

Top-10 lists this ZIP code appears on.

2nd for highest rental yield in ILView list →

Frequently asked

How much is a home worth in ZIP code 61603?: The typical home in 61603 is worth $64,203, based on the Zillow Home Value Index.
Are home values rising in 61603?: Home values in 61603 are up 5.8% over the past year, and up 7.1% a year over five years.
What is the typical rent in 61603?: A typical home in 61603 rents for about $1,168 a month, a gross rental yield of 21.8%.
What is the property tax rate in 61603?: The effective property tax rate in 61603 is 2.0% — roughly $1,265 a year on a typical home.
Who lives in 61603?: ZIP code 61603 has a population of 15,356 and a median household income of $41,618.

#Comparable ZIPs

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

61605 vs 61603 →
Peoria, IL
Typical home
$41,249
Gross yield
27.8%
61610 vs 61603 →
Creve Coeur, IL
Typical home
$105,175
Gross yield
—
61449
La Fayette, IL
Typical home
$105,796
Gross yield
—
61604
Peoria, IL
Typical home
$109,277
Gross yield
11.1%
61369
Toluca, IL
Typical home
$113,576
Gross yield
—
61564
South Pekin, IL
Typical home
$114,206
Gross yield
—

Want similar ZIPs from outside this metro? Browse nationally similar ZIPs →

Compare ZIPs

Pit ZIP 61603 against any other ZIP — full side-by-side table.

Compare 61603 →

#Jump to section

U.S. ZIP Code · IL61603

Get more data on ZIPs like this

Get more data on ZIPs like this