Welcome to our 61531 real estate data hub, tailored for investors in Farmington, IL. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.
Explore essential data such as home prices, rental rates, and appreciation trends specific to 61531 in Farmington, IL. Discover Section 8 housing opportunities and challenges to maximize your investment potential in FULTON COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Farmington, IL real estate investing. Uncover the wealth of information available, and position yourself for success in the Farmington property market.
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Location Overview
- Zip Code: 61531
- City: Farmington
- State: IL
- Metro Area: Peoria, IL
- County Name: FULTON COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $98,832
- Average Home Price (Single Family Homes): $98,946
- Average Monthly Rental Price (All Types): Not Available
- Price-to-Rent Ratio: Not Available
- Zillow Projected % appreciation from 4/2023-4/2024: -2.3%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $960
- Average 3 Bedroom Section 8 Rental Rates: $1,180
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 8.58
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 6.98
- Number of Units Offered in Section 8 in the County: 491
- Number of Occupied Units in Section 8 in the County: 468
- Percentage of Section 8 Units Occupied in the County: 95.40000153%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): Not Available
- Total % Appreciation since 2000 (Government Data): 64.25
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 2.03%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 8.11%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 24.46%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 35.09%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 36.17%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%