How much is a home worth in ZIP code 61701?

The typical home in 61701 is worth $174,596, based on the Zillow Home Value Index.

Are home values rising in 61701?

Home values in 61701 are up 3.5% over the past year, and up 7.5% a year over five years.

What is the typical rent in 61701?

A typical home in 61701 rents for about $1,186 a month, a gross rental yield of 8.2%.

What is the property tax rate in 61701?

The effective property tax rate in 61701 is 1.9% — roughly $3,275 a year on a typical home.

ZIP code 61701 has a population of 35,136 and a median household income of $57,130.

HousingHandbookReference data

…

U.S. ZIP Code · IL61701

McLean County · Bloomington, IL

Typical home value

$174,596^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +3.5%
5-year / yr: +7.5%
10-year / yr: +4.1%

Relative price

vs U.S.: -38.5%
vs metro: -19.6%
vs state: -8.7%

Price history

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

The typical home in 61701 is worth $174,596 — 19.6% below the Bloomington, IL median. Over the past year, values have risen 3.5%. Homes here rent for a typical $1,186 a month — a 8.2% gross rental yield. 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: $1,186^[2]
Gross yield: 8.2%^[2]
Cap rate: 4.9%^[2]

#Property tax

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

Effective tax rate: 1.9%^[3]
Typical annual tax: $3,275^[3]

#Climate risk

FEMA National Risk Index ratings for McLean 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 High
Heat wave: Relatively Moderate
Hurricane: Very Low
Tornado: Relatively Moderate
Earthquake: Relatively Low
Winter weather: Relatively High

#Who lives here

Population: 35,136^[3]
Median household income: $57,130^[3]

#Migration

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

Net migration: -444^[5]
Moved in: 3,917
Moved out: 4,361

Schools

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

Public schools: 11
Elementary: 5
Middle: 1
High: 4

Bloomington High School
High · Grades 9–12 · Bloomington SD 87
1,395 students
Bloomington Jr High School
Middle · Grades 6–8 · Bloomington SD 87
997 students
Oakland Elementary School
Elementary · Grades K–5 · Bloomington SD 87
428 students
Bent Elem School
Elementary · Grades K–5 · Bloomington SD 87
370 students
Washington Elem School
Elementary · Grades K–5 · Bloomington SD 87
356 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 yield8.2%

Net yield (after ~40% expenses)4.9%

Annual rent$14,238

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$883

Loan principal$139,677

Down payment$34,919

Total interest paid$178,150

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 ratio1.10

Monthly cost to own$1,302

Monthly rent$1,186

Owning and renting are roughly even.

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: 82nd percentile^[1]
Rental yield: 100th percentile^[2]
Property tax: 20th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 61701?: The typical home in 61701 is worth $174,596, based on the Zillow Home Value Index.
Are home values rising in 61701?: Home values in 61701 are up 3.5% over the past year, and up 7.5% a year over five years.
What is the typical rent in 61701?: A typical home in 61701 rents for about $1,186 a month, a gross rental yield of 8.2%.
What is the property tax rate in 61701?: The effective property tax rate in 61701 is 1.9% — roughly $3,275 a year on a typical home.
Who lives in 61701?: ZIP code 61701 has a population of 35,136 and a median household income of $57,130.

#Comparable ZIPs

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

61774 vs 61701 →
Stanford, IL
Typical home
$175,609
Gross yield
—
61726 vs 61701 →
Chenoa, IL
Typical home
$171,711
Gross yield
—
61728
Colfax, IL
Typical home
$170,191
Gross yield
—
61770
Saybrook, IL
Typical home
$165,931
Gross yield
—
61730
Cooksville, IL
Typical home
$186,432
Gross yield
—
61754
McLean, IL
Typical home
$187,540
Gross yield
—

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#Jump to section

U.S. ZIP Code · IL61701

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