Home Affordability in 61602
Peoria, IL — Peoria County
The median home price in ZIP code 61602 (Peoria) is $115,000 with a median household income of $45,000. The price-to-income ratio is 2.6x.
Median Home Price
$115,000
Median Income
$45,000
Price-to-Income
2.6x
Est. Affordable Home
$175,000
Property Tax Rate
2.10%
Annual Property Tax
$2,415
Cost of Living
82
Metro Area
Peoria MSA
Down Payment Scenarios for ZIP 61602
| Down Payment | Amount | Loan Amount | PMI |
|---|---|---|---|
| 3% | $3,450 | $111,550 | Yes |
| 5% | $5,750 | $109,250 | Yes |
| 10% | $11,500 | $103,500 | Yes |
| 20% | $23,000 | $92,000 | No |
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