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Area data

Peoria, IL — ZIP 61602

Population: 1,163 (Census ACS)

The typical home value in ZIP 61602 (Peoria, IL) is $118,857 — down 16.7% over the past year. Homes sell for a median $160,000 after a median 150 days on market. Typical rent runs $1,673/month. FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Moderate, with cold wave, hail, ice storm the top-rated hazards. Cost of living is at the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$118,857

Typical home value

-16.7%

1-year change

150

Median days on market

Relatively Moderate

Hazard risk (county)

Home values & appreciation

Typical home value
$118,857
1-year appreciation
-16.7%
3-year appreciation
-14.6%
5-year appreciation
-15.3%
10-year appreciation
-23.9%
Peak value since 2000 (Nov 2014)
$165,343
House Price Index (state)
340.3 (+5.5% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$160,000
Median list price
$182,400
Median price per sqft
$103
1-year sale-price change
+113.6%
Median days on market
150 days
Homes sold (recent period)
12
For-sale inventory
14
Sale-to-list ratio
95.9%
Active listings
19
1-year forecast
+0.9%
New listings (monthly)
4

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,673/mo
Studio fair-market rent
$915/mo
1BR fair-market rent
$961/mo
2BR fair-market rent
$1,212/mo
3BR fair-market rent
$1,557/mo
4BR fair-market rent
$1,710/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Above Average)
100.0 (100 = US avg)
Electricity rate (state-level)
17.7¢/kWh
Natural gas rate (state-level)
$11.30/MCF
30-year mortgage rate (national)
7.40%
15-year mortgage rate (national)
6.73%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Moderate
Top hazards (county)
cold wave, hail, ice storm, lightning, strong wind
Notable hazard ratings (county)
hail: Relatively High · tornado: Relatively High · cold wave: Relatively High · ice storm: Relatively High · lightning: Relatively High · strong wind: Relatively High
Wildfire risk to homes (county)
Higher than 9% of US counties
Buildings in wildfire direct-exposure zone
17.9%
Radon potential (county)
High radon potential — EPA Zone 1 of 3
EPA Superfund (NPL) sites within 5 mi
None
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA NFIP flood-insurance claims (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
39.7 in
USDA plant hardiness zone
6a (extreme annual low -10 to -5°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Good
Median AQI (annual)
45
Days with Good air quality
214
Days with Moderate air quality
139
Days with Unhealthy air quality
2
Highest AQI recorded (year)
154

Source: EPA annual air quality index (county-level)

Amenities

Airports within 30 mi
18
Nearest airport
General Wayne A. Downing Peoria International Airport (PIA) (5 mi)
Nearest major airport
General Wayne A. Downing Peoria International Airport (PIA) (5 mi)
Hospitals in or near this ZIP
12
Hospitals include
GRAHAM HOSPITAL ASSOCIATION, SAINT FRANCIS MEDICAL CENTER, CARLE HEALTH PEKIN HOSPITAL
Avg hospital rating (CMS)
2.9 / 5
Best hospital rating nearby (CMS)
4.0 / 5
EV charging stations (within 10 mi)
20
Solar radiation rating
Fair (4.0 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data (same ZIP, else within ~40 mi) · DOE/NREL (proximity-based)

Migration

Net migration (county)
-656 tax filers

Source: IRS SOI county-to-county migration (county-level; published with a multi-year lag)

Housing stock

Median year housing built
1949
Housing built before 1970
72.3%
Housing built 2000 or later
8.3%
Median annual property tax
$6,524
Households with broadband internet
66.0%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
91,480
Average weekly wage
$1,515
Top industries (by employment)
Health Care, Accommodation & Food, Administrative Services
Annual residential building permits (county)
73

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 61602State medianUS median
Typical home value$118,857$194,869$288,527
Median sale price$160,000$212,000$325,000
Median days on market150 days48 days51 days
Typical rent$1,673/mo$1,787/mo$1,809/mo
Median annual property tax$6,524$2,696$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the typical home value in ZIP 61602?
$118,857.
What is the median sale price in ZIP 61602?
$160,000.
How long do homes take to sell in ZIP 61602?
Median days on market: 150 days.
What is typical rent in ZIP 61602?
Typical rent: $1,673/month.
What is the natural-hazard risk in ZIP 61602?
Overall risk: Relatively Moderate (FEMA NRI, county-level). Top hazards: cold wave, hail, ice storm, lightning, strong wind.
What is the wildfire risk in ZIP 61602?
Risk to homes is higher than 9% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 61602?
High radon potential — EPA Zone 1 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 61602?
No current or proposed National Priorities List sites within 5 miles (EPA).
What is the air quality in ZIP 61602?
Good. Median AQI: 45. (EPA AQI).
What is the cost of living in ZIP 61602?
Regional Price Parity: 100.0 (100 = US average) (Above Average) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Oct 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents