Welcome to our 61761 real estate data hub, tailored for investors in Normal, 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 61761 in Normal, IL. Discover Section 8 housing opportunities and challenges to maximize your investment potential in MCLEAN COUNTY.
Leverage our comprehensive, zip code-specific data to excel in Normal, IL real estate investing. Uncover the wealth of information available, and position yourself for success in the Normal property market.
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Location Overview
- Zip Code: 61761
- City: Normal
- State: IL
- Metro Area: Bloomington, IL
- County Name: MCLEAN COUNTY
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Real Estate Market Snapshot
- Average Home Price (All Types): $214,464
- Average Home Price (Single Family Homes): $215,890
- Average Monthly Rental Price (All Types): $1,195
- Price-to-Rent Ratio: 15
- Zillow Projected % appreciation from 4/2023-4/2024: -0.4%
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Section 8 Housing Insights
- Average 2 Bedroom Section 8 Rental Rates: $980
- Average 3 Bedroom Section 8 Rental Rates: $1,380
- Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 18.24
- Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 12.95
- Number of Units Offered in Section 8 in the County: 1087
- Number of Occupied Units in Section 8 in the County: 1030
- Percentage of Section 8 Units Occupied in the County: 94.80000305%
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Historical & Recent Price Appreciation Rates
- Total % Appreciation since 1990 (Government Data): 133.73
- Total % Appreciation since 2000 (Government Data): 59.7
- YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.75%
- 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 12.01%
- 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 31.16%
- 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 33.41%
- 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 36.41%
- 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 31.33%
- 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 48.58%
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Historical & Recent Rent Appreciation Rates
- YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 6.1%
- 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 22.86%
- 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%
- 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): Not Available%