HousingHandbookReference data

U.S. ZIP Code · IL61615

Peoria County · Peoria, IL

Typical home value

$251,353[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year
+9.1%
5-year / yr
+8.0%
10-year / yr
+4.2%

Relative price

vs U.S.
-11.5%
vs metro
+36.0%
vs state
+31.4%
ZIP 61615 location in IL
Location of ZIP 61615 in IL

Price history

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

The typical home in 61615 is worth $251,353 — 36.0% above the Peoria, IL median. Over the past year, values have risen 9.1%. Homes here rent for a typical $1,499 a month — a 7.2% gross rental yield. The effective property tax rate is 2.4%.

#Rent & investment

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

Monthly rent
$1,499[2]
Gross yield
7.2%[2]
Cap rate
4.3%[2]

#Property tax

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

Effective tax rate
2.4%[3]
Typical annual tax
$5,988[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
23,523[3]
Median household income
$79,817[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
3
Middle
1
High
1
  • Ridgeview Elementary School

    Elementary · Grades K–5 · Dunlap CUSD 323

    424 students

  • Wilder-Waite Grade School

    Elementary · Grades K–5 · Dunlap CUSD 323

    373 students

  • Charter Oak Primary School

    Elementary · Grades K–4 · Peoria SD 150

    342 students

  • Mark W Bills Middle School

    Middle · Grades 5–8 · Peoria SD 150

    262 students

  • Peoria Educ Reg for Empl Traing

    High · Grades 11–12 · Peoria ROE

    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 yield7.2%
Net yield (after ~40% expenses)4.3%
Annual rent$17,985

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$1,271
Loan principal$201,083
Down payment$50,271
Total interest paid$256,470

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 ratio1.32
Monthly cost to own$1,979
Monthly rent$1,499

Renting 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
81st percentile[1]
Rental yield
17th percentile[2]
Property tax
96th percentile[3]

Frequently asked

How much is a home worth in ZIP code 61615?
The typical home in 61615 is worth $251,353, based on the Zillow Home Value Index.
Are home values rising in 61615?
Home values in 61615 are up 9.1% over the past year, and up 8.0% a year over five years.
What is the typical rent in 61615?
A typical home in 61615 rents for about $1,499 a month, a gross rental yield of 7.2%.
What is the property tax rate in 61615?
The effective property tax rate in 61615 is 2.4% — roughly $5,988 a year on a typical home.
Who lives in 61615?
ZIP code 61615 has a population of 23,523 and a median household income of $79,817.

#Comparable ZIPs

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

  • Mackinaw, IL

    Typical home
    $253,669
    Gross yield
  • Tremont, IL

    Typical home
    $248,191
    Gross yield
  • Trivoli CDP, IL

    Typical home
    $270,708
    Gross yield
  • Secor, IL

    Typical home
    $231,458
    Gross yield
  • Princeville, IL

    Typical home
    $230,838
    Gross yield
  • Washington, IL

    Typical home
    $229,801
    Gross yield

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