ZIP Code 61602 — Peoria city, IL Demographics & Data

ZIP code 61602 covers Peoria, IL in Peoria County with a population of about 977.

At a glance, the area shows median age of 44.1 versus a U.S. median of about 38.9.

It sits in telephone area codes 309, 861; U.S. House district IL-17; the PEORIA - BLOOMINGTON media market.

Peoria, IL sits in a university / college context (near bradley university (1.6 mi)). Expect stronger interest in student housing, rentals, walkability, transit, and a younger adult age mix versus typical suburban ZIPs.

Median household income in ZIP 61602 is about $17,273 — about 77% below the U.S. median ($75,149).

On socioeconomic markers, US5 shows a poverty rate of 46.3%; unemployment rate near 26.1%; 37.2% of adults with a bachelor’s degree or higher (about 3.5 points above the national share (33.7%)).

Labor and commute patterns include leading industry context around Healthcare, Manufacturing, and Construction; about 28.1% of workers reporting work-from-home (about 12.9 points above the U.S. share (15.2%)); a mean commute of about 179.0 minutes (U.S. average near 26.8).

Median home value is about $222,700 — about 36% below the U.S. median home value ($348,079).

Housing tenure and rents show median gross rent around $819 (about 30% below the U.S. median rent ($1,163)), and owner-occupancy near 17.1% (about 48.3 points below the national owner-occupancy rate (65.4%)).

To comfortably buy a median-priced home in ZIP 61602 in Peoria, IL, a household would need roughly $61,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $1,431. That is about 253% above the local median household income ($17,273), so the median earner would likely stretch or need a larger down payment. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

FEMA’s National Risk Index rates natural-hazard risk for Peoria city, IL as Relatively Moderate (composite score 90.7), which is among the highest nationally. The strongest component scores on US5 are flood (88.7) and hurricane (30.7). These scores are county-linked NRI values published for planning context — all ZIP codes in the same county share the same composite score on US5. Useful when comparing insurance and disaster exposure across areas, not a substitute for a parcel-level flood or fire determination.

Climate normals for Peoria city, IL show little to no average snow and around 37.5 inches of annual precipitation.

IRS migration statistics show a net inflow of about 54 for ZIP 61602 (Peoria city, IL) on US5’s published series — a signal of people/tax filers moving in relative to those leaving. Inflows often track job growth, housing demand, or lifestyle migration; treat the figure as a directional indicator rather than a precise headcount.