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Peoria city, IL

ZIP 61603 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 61603

Median Home Value
$73,100
Median Rent
$709
Affordability Snapshot
$20,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$470/mo PITI).

21%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

1.8x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

8.6 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 61603 in Peoria city, IL, a household would need roughly $20,000 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 $470. That sits below the local median household income ($40,405), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 18% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
53.3%-18% vs US avg
x
Vacancy Rate
18.0%+74% vs US avg
x
Broadband Access
86.8%-0% vs US avg
x
4+ Bedrooms
2.0%-86% vs US avg
x
Built Pre-1939
13.2%+3% vs US avg
x
Built Post-2014
0.2%-97% vs US avg
x
Rent Burden >30%
30.4%-39% vs US avg
x
Mortgage-Free
48.2%+26% vs US avg
x
$73,100
Home Value
$709
Rent
1942
Year Built
2013
Moved In

Residents have lived here since ~2013 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached73.7%
  • 1-unit attached0.8%
  • 2-9 units15.6%
  • 10+ units9.5%
  • Mobile home & other0.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$73,100
Median rent$709
Owner-occupied53.3%
Vacant18.0%
Price-to-income1.8x
Est. income to buy$20,000