The story of this market
The typical home in ZIP 61539 sells for about $150,000, or $94 per square foot.
Prices are up +11.1% from a year ago, so sellers still have some momentum. Homes take about 27 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $838 a month.
ZIP 61539 — Kingston Mines
The Peoria housing market is showing signs of resilience with a 11.1% year-over-year increase in median sale prices. While inventory remains tight, the market is moving faster than in previous years, driven by steady demand and limited supply. Buyers are finding a competitive environment, though prices remain significantly more affordable than the national average.
This area is well-suited for budget-conscious family buyers and first-time homeowners seeking affordability relative to the broader Illinois market.
Median prices moved up 11.1% year over year.
Homes spend a median of 27 days on market with 3.0 months of supply — a fast-moving market.
31% of listings have cut prices · homes sell at 97.5% of asking — demand is holding steady.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 0.0% · poverty 19.0% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 4.0%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 1.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 61539, Peoria County IL
Not determinable at the ZIP level; Peoria County generally experiences crime rates consistent with regional mid-sized industrial hubs.
Schools serving the area are part of Peoria Public Schools District 150, which faces ongoing challenges with academic performance and resource allocation.
The area is primarily at risk for severe thunderstorms and occasional flooding near the Illinois River, with standard insurance coverage typically available.
Economic momentum is anchored by healthcare and manufacturing sectors, with ongoing efforts to revitalize the downtown and riverfront areas.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Illinois) — Property Tax Assessment (Fair Cash Value): Property is assessed at 33 1/3% of its fair cash value. The tax bill is calculated by multiplying the equalized assessed value (EAV) by the aggregate tax rate of the local taxing districts.
Residents primarily rely on personal vehicles for commuting, with major access provided by I-74 and I-474 connecting to the Peoria employment core.
The area features access to the Peoria Park District facilities, including various neighborhood parks, trails, and proximity to the Illinois River waterfront.
The rental market is characterized by steady demand for affordable housing, with a significant portion of the inventory consisting of older single-family homes.
The economy is heavily influenced by Caterpillar Inc. and the broader healthcare sector, including OSF HealthCare and UnityPoint Health.
The area is served by the Greater Peoria Mass Transit District (CityLink) and is bisected by major interstate corridors.
Development is focused on urban infill and the continued modernization of the downtown and riverfront commercial corridors.
The Peoria County Supervisor of Assessments oversees the valuation process, utilizing mass appraisal techniques for annual adjustments.
Parcels are subject to various taxing bodies including Peoria Public Schools, Peoria Park District, and the Greater Peoria Sanitary District.
Property insurance premiums are stable but sensitive to regional weather patterns, including wind and hail risks.
Illinois is a judicial foreclosure state, requiring court intervention for the foreclosure process.
Illinois law requires sellers to provide a Residential Real Property Disclosure Report detailing the condition of the property.
Data retrieved from data.census.gov and local market reports.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Major cultural and entertainment district along the Illinois River.
Large municipal park featuring the Peoria Zoo and botanical gardens.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.