How much is a home worth in ZIP code 61704?

The typical home in 61704 is worth $323,189, based on the Zillow Home Value Index.

Are home values rising in 61704?

Home values in 61704 are up 2.1% over the past year, and up 7.6% a year over five years.

What is the typical rent in 61704?

A typical home in 61704 rents for about $1,509 a month, a gross rental yield of 5.6%.

What is the property tax rate in 61704?

The effective property tax rate in 61704 is 2.1% — roughly $6,839 a year on a typical home.

ZIP code 61704 has a population of 37,279 and a median household income of $95,027.

HousingHandbookReference data

…

U.S. ZIP Code · IL61704

McLean County · Bloomington, IL

Typical home value

$323,189^[1]

Zillow Home Value Index, as of April 2026

Appreciation

1-year: +2.1%
5-year / yr: +7.6%
10-year / yr: +4.7%

Relative price

vs U.S.: +13.8%
vs metro: +48.8%
vs state: +69.0%

Price history

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

The typical home in 61704 is worth $323,189 — 48.8% above the Bloomington, IL median. Over the past year, values have risen 2.1%. Homes here rent for a typical $1,509 a month — a 5.6% gross rental yield. The effective property tax rate is 2.1%.

#Rent & investment

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

Monthly rent: $1,509^[2]
Gross yield: 5.6%^[2]
Cap rate: 3.4%^[2]

#Property tax

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

Effective tax rate: 2.1%^[3]
Typical annual tax: $6,839^[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: 37,279^[3]
Median household income: $95,027^[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: 5
Elementary: 3
Middle: 1
High: 0

Evans Junior High School
Middle · Grades 6–8 · McLean County USD 5
776 students
Northpoint Elementary School
Elementary · Grades K–5 · McLean County USD 5
465 students
Cedar Ridge Elem School
Elementary · Grades K–5 · McLean County USD 5
386 students
Brigham Elementary
Prekindergarten · Grades PK · McLean County USD 5
323 students
Stevenson Elem School
Elementary · Grades K–5 · Bloomington SD 87
308 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 yield5.6%

Net yield (after ~40% expenses)3.4%

Annual rent$18,104

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$1,634

Loan principal$258,551

Down payment$64,638

Total interest paid$329,768

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 ratio1.64

Monthly cost to own$2,475

Monthly rent$1,509

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: 100th percentile^[1]
Rental yield: 0th percentile^[2]
Property tax: 70th percentile^[3]

Frequently asked

How much is a home worth in ZIP code 61704?: The typical home in 61704 is worth $323,189, based on the Zillow Home Value Index.
Are home values rising in 61704?: Home values in 61704 are up 2.1% over the past year, and up 7.6% a year over five years.
What is the typical rent in 61704?: A typical home in 61704 rents for about $1,509 a month, a gross rental yield of 5.6%.
What is the property tax rate in 61704?: The effective property tax rate in 61704 is 2.1% — roughly $6,839 a year on a typical home.
Who lives in 61704?: ZIP code 61704 has a population of 37,279 and a median household income of $95,027.

#Comparable ZIPs

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

61736 vs 61704 →
Downs, IL
Typical home
$316,522
Gross yield
—
61748 vs 61704 →
Hudson, IL
Typical home
$305,766
Gross yield
—
61776
Towanda, IL
Typical home
$269,166
Gross yield
—
61705
Bloomington, IL
Typical home
$381,112
Gross yield
—
61761
Normal, IL
Typical home
$264,624
Gross yield
6.8%
61745
Heyworth, IL
Typical home
$261,315
Gross yield
—

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#Jump to section

U.S. ZIP Code · IL61704

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