Real Estate Investing in Peoria, Illinois (61614)
Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.
Should you buy in 61614 (Peoria, IL)? Our answer, based on the numbers below.
Solid choice — values are growing steadily and the market is stable enough to buy with confidence.
Rare combination of both appreciation and cash flow. These markets don't last long — worth serious consideration.
No major risk flags on the data we track.
What’s happening in Peoria, IL (61614)?
Click any question — our AI will research it live from the web and show you sources.
Market Analysis: 61614 Peoria
The 61614 ZIP covers a section of Peoria that demands careful diligence. Prices near $206K look accessible, but the work to make a deal cash flow is real.
Turning to rents, the numbers look inviting — $206K purchase price, 0.0% nominal cap — the work to hit that pro forma in 61614 is substantial and deserves full respect.
Regionally, 61614 sits on the difficult end of the IL spectrum. The a strong candidate for read — for disciplined operators — is that pricing reflects the difficulty.
Turning to rents, 28,142 residents fill the ZIP, renter turnover runs higher than neighboring postal codes and delinquency risk is a real line item rather than a theoretical one.
Distressed ZIPs reward experience. impressive returns are possible in 61614, but they flow to investors who already understand how to operate in soft markets.
Here's what matters if you're considering buying a home in Peoria:
Property Strategy for 61614
Which property type performs best in this market?
📊 Compare All Property Types →
| Type | Median Value | Est. Rent | Cap Rate | 5yr CAGR | $/Bedroom |
|---|---|---|---|---|---|
| 1BR | $74,973 | $810 | 7.8% | +9.0% | $74,973 |
| 2BR | $129,931 | $1,030 | 5.7% | +9.5% | $64,966 |
| 3BR | $195,218 | $1,330 | 4.9% | +9.3% | $65,073 |
| 4BR | $259,127 | $1,440 | 4.0% | +8.3% | $64,782 |
| 5BR | $313,586 | — | — | +7.4% | $62,717 |
Market Trends
Home Value History (with trend line)
Rent History (with trend line)
📊 How Does 61614 Compare?
| Metric | 61614 | Peoria | Peoria, IL | Illinois |
|---|---|---|---|---|
| Home Value | $206,437 | $48,800 | N/A | $279,761 |
| 5-Year CAGR | 8.6% | 6.6% | N/A | 6.6% |
| Avg Rent | $1,206 | $1,266 | N/A | - |
| Cap Rate | 4.6% | 9.3% | - | - |
Similar ZIPs Within 25 Miles
Compare other nearby markets to see if a neighbor offers a better fit.
Landlord Ground Truth
Real numbers from people who own or manage rentals in ZIP 61614 (Peoria, IL). Anonymous, moderated, never written by AI.
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Property managers serving Peoria County
Manage rentals here? List your business →NHS Property Management, Inc. offers residential, commercial, and HOA property management services in Peoria, managing apartments and townhomes. summary from their website
S&S Property Management offers residential and commercial property management services in the Peoria, IL metropolitan area and Central Illinois, including apartments, rental homes, condos, and commerc summary from their website
Principle Property Management is proudly rooted in Peoria. summary from their website
Listings are shown for convenience — Repit doesn’t endorse or vet these companies. Ratings shown come only from email-verified visitors.
📊 Market Snapshot
| Home Value | $206,437 |
| Monthly Rent | $1,206 |
| Price-to-Rent | 14.3:1 |
| 1% Rule | ✗ Fails |
💰 Return Metrics
| Gross Yield | 7.0% |
| Cap Rate | 4.6% |
| 5-Year IRR | 13.1% |
📈 Home Appreciation
| 1-Year | +9.4% ▲ |
| 3-Year CAGR | +8.5% ▲ |
| 5-Year CAGR | +8.6% ▲ |
| 10-Year CAGR | +4.9% ▲ |
🏠 Rent Trends
| 1-Year | -7.5% ▼ |
| 3-Year CAGR | N/A |
| 5-Year CAGR | N/A |
The current 30-yr mortgage rate (6.8%) exceeds the estimated cap rate (4.6%). Financing reduces your cash-on-cash return below the cap rate. Markets like this may still make sense as IRR plays — factoring in appreciation, depreciation, and a future refinance when rates drop.
Run an IRR Analysis →⚠️ Risk Signals
Composite view of factors that can impact a ZIP's stability and your downside risk.
Demographics in 61614
Population: 28,142
Crime & Safety
Crime & Safety Data Coming Soon
We're integrating comprehensive crime statistics including violent crime rates, property crime, and safety scores to help you make informed investment decisions.
Expected: Q1 2025
🎓 Schools in 61614
Schools in This ZIP Code
Nearby Schools (5 more)
Schools in adjacent ZIP codes that may serve this area
Peoria Heights High School
Charter Oak Primary School
Peoria Heights Grade School
Mark W Bills Middle School
Ridgeview Elementary School
About Repit School Scores
Traditional school ratings rely heavily on standardized test scores, which often reflect family income more than school quality. Repit takes a different approach.
We evaluate schools based on factors that research shows actually impact educational outcomes:
- Class Size — Smaller classes mean more individual attention
- School Funding — Resources available for programs, staff, and facilities
- Community Factors — Neighborhood characteristics that influence student success
- School Environment — Size, type, and structure
Scores are updated annually using federal education data.
🎓 Nearby Colleges & Universities
Investor Insight: With 4,842 students living off-campus nearby, this area has strong rental demand from the college population.
Frequently Asked Questions
What investment strategy works best in Peoria, IL?
Investors usually favor careful cash-flow rentals with hands-on management in Peoria, IL. With home values at $206K and rents near $1,206/mo, other strategies can work but produce consistent rather than outsized returns.
What kind of vacancy should I budget for in Peoria, IL?
Expect elevated vacancy in Peoria, IL. Rents at $1,206/mo are absorbed by the tenant base without meaningful lag.
What do rentals go for in Peoria, IL?
Rents in Peoria, IL run near $1,206/mo. Compared with median home prices of $206K that produces solid gross yields for typical rentals.
What is the tenant pool like in Peoria, IL?
Peoria, IL draws a steady base of working renters. Demand at the $1,206/mo rent level is reasonable for standard single-family and small multi rentals.
What is the median home value in Peoria, IL?
Peoria, IL median home values land near $206K. That is reasonable territory for investors looking at $1,206/mo-per-month rentals.
You know 61614 now. You don’t know where it ranks.
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How 61614 ranks in Peoria, IL
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