61604 — Peoria County, Illinois Market Snapshot
Housing market data for zip code 61604 in Peoria County, Illinois. Updated monthly with median prices, days on market, and more.
Market Sales Data
136 sales in 2026 (year to date)
Median Sale Price
$119,287
Days to Sell
29
Homes Sold
136
Inventory
66
Sale-to-List
98.2%
New Listings
144
Price/SqFt
$80
Pending Sales
149
Conforming Loan Available
Most homebuyers in 61604 can comfortably use conventional financing. The median home price of $119,287 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Market Insights
Market Temperature
Homes in 61604 are moving quickly at 29 days on market, indicating healthy buyer demand. Well-priced homes are likely seeing multiple offers.
Sale-to-List Ratio
Homes are selling very close to asking price in 61604 (98.2% sale-to-list ratio), indicating accurate pricing by sellers and steady demand.
Conforming Loan Feasibility
Most homebuyers in 61604 can comfortably use conventional financing. The median home price of $119,287 is well below the 2026 conforming loan limit of $832,750, meaning buyers can put as little as 3-5% down without hitting jumbo loan territory.
Loan limits in 61604 are set at the county level.
2026 Loan Limits — Peoria County
| Property Units | Conforming Limit | FHA Limit |
|---|---|---|
| 1 Unit | $832,750 | $541,287 |
| 2 Units | $1,066,250 | $693,050 |
| 3 Units | $1,288,800 | $837,700 |
| 4 Units | $1,601,750 | $1,041,125 |
Affordability Snapshot — Zip 61604
To purchase the median home at $119,287 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,064.
Monthly Payment
$1,064
Income Required
$45,597
Principal & Interest
$735/mo
Down Payment (5%)
$5,964
Based on 30-year fixed at 6.75%, 1.8% property tax, $1,800/yr insurance, 28% DTI guideline.
Mortgage Calculator
Estimate your monthly payment for a home in 61604.
Estimated Monthly Payment
$888
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