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).
$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
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 61602 | State median | US median | |
|---|---|---|---|
| Typical home value | $118,857 | $194,869 | $288,527 |
| Median sale price | $160,000 | $212,000 | $325,000 |
| Median days on market | 150 days | 48 days | 51 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 →