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Peoria city, IL

ZIP 61605 — Housing & Real Estate

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

Low Income AreaLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 61605

Median Home Value
$44,200
Median Rent
$582
Affordability Snapshot
$12,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$284/mo PITI).

29%
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.

6.3 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 61605 in Peoria city, IL, a household would need roughly $12,000 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 $284. That sits below the local median household income ($24,499), 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
39.2%-40% vs US avg
x
Vacancy Rate
17.5%+70% vs US avg
x
Broadband Access
76.5%-12% vs US avg
x
4+ Bedrooms
1.3%-92% vs US avg
x
Built Pre-1939
10.5%-18% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
33.5%-33% vs US avg
x
Mortgage-Free
64.0%+68% vs US avg
x
$44,200
Home Value
$582
Rent
1952
Year Built
2014
Moved In

Residents have lived here since ~2014 on average

Housing Structure

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

  • 1-unit detached73.6%
  • 1-unit attached3.0%
  • 2-9 units12.8%
  • 10+ units10.4%
  • Mobile home & other0.3%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$44,200
Median rent$582
Owner-occupied39.2%
Vacant17.5%
Price-to-income1.8x
Est. income to buy$12,000