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An appreciation-lean market without the demand pressure to back it. The rent math runs thin.
What would change this read: a price correction (median already +6.7% YoY) or rent growth lifting rent-to-price toward 0.8%/mo would move this ZIP toward a cash-flow story. inventory, +6.3% YoY, is the number to watch.
The median listing price is up 6.7% YoY while the median home got down 3.0% bigger, so value per square foot is up 0.6%.
Min/max come from the active-listing pool; the median comes from Realtor's separate listing set — the two are not subsets of each other, so the median's position relative to the tiles above should not be read literally.
At the median, a $309K purchase rents for $1,150/mo: 0.37% of price per month against the 1% rule's 1.00%.
Not shown: 6 BR (sale only, no matching rent).
Rentals here take about 8 days longer to find a tenant than sales take to go under contract (median across 3 property types).
Not shown: Apartment (rented here, not sold), Land (sold here, not rented), Townhouse (rented here, not sold).
U.S. Census ACS characteristics for ZIP 61615 itself, not its parent county.
Renters hold 41.3% of this ZIP's 10,897 occupied households, on a median household income of $80K.
| Measure | ZIP 61615 | Peoria County | Difference |
|---|---|---|---|
| Median Household Income | $80K | $65K | +$15K |
| Below Poverty Level | 11.2% | 15.7% | -4.5% |
| Median Age | 36.10 | 38.10 | -2.00 |
| Total Population | 23,523 | 179,645 | -- |
| Avg Household Size | 2.14 | 2.24 | -0.10 |
| Owner-Occupied | 58.7% | 67.0% | -8.3% |
| Worked From Home | 13.1% | 11.4% | +1.7% |
| Mean Commute | 20.40 | 19.20 | +1.20 |
Higher or lower is not itself good or bad — it describes the neighborhood, not the investment.
ZIP-level figures come from ZIP Code Tabulation Areas, which approximate but do not exactly match USPS ZIP codes. A missing value is suppressed or unavailable at this sample size, not zero. Estimates for 2019–2020 use the 2010 ZCTA boundaries and 2021–2024 the 2020 ones, so a step between those two years may be a boundary change rather than real movement.
County population is down 0.1% to 179,645: residents under 18 are down 0.2% and those 65 and over are up 1.8%.
County median household income is $65K, 15.7% of residents are below the poverty level, 11.4% work from home.