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Peoria Heights village, IL

ZIP 61616 — Housing & Real Estate

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

Middle ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 61616

Median Home Value
$118,000
Median Rent
$763
Affordability Snapshot
$32,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$758/mo PITI).

15%
Rent-to-Income Ratio

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

1.9x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

12.9 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 61616 in Peoria Heights village, IL, a household would need roughly $32,000 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 $758. That sits below the local median household income ($62,083), 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

Owner-occupied majority; balanced tenure mix.

Heating Fuel
Housing Metrics
Owner Occupied
65.3%-0% vs US avg
x
Vacancy Rate
9.2%-11% vs US avg
x
Broadband Access
89.0%+2% vs US avg
x
4+ Bedrooms
1.1%-93% vs US avg
x
Built Pre-1939
9.1%-29% vs US avg
x
Built Post-2014
0.0%
x
Rent Burden >30%
19.2%-61% vs US avg
x
Mortgage-Free
51.7%+35% vs US avg
x
$118,000
Home Value
$763
Rent
1956
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 detached76.9%
  • 1-unit attached3.6%
  • 2-9 units4.0%
  • 10+ units15.5%
  • Mobile home & other0.0%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$118,000
Median rent$763
Owner-occupied65.3%
Vacant9.2%
Price-to-income1.9x
Est. income to buy$32,000