61606 — Peoria County, Illinois Market Snapshot
Housing market data for zip code 61606 in Peoria County, Illinois. Updated monthly with median prices, days on market, and more.
Market Sales Data
28 sales in 2026 (year to date)
Median Sale Price
$122,000
Days to Sell
41
Homes Sold
28
Inventory
18
Sale-to-List
93.5%
New Listings
30
Price/SqFt
$57
Pending Sales
29
Conforming Loan Available
Most homebuyers in 61606 can comfortably use conventional financing. The median home price of $122,000 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
61606's market is balanced with homes taking an average of 41 days to sell. Buyers have some negotiating room without the pressure of bidding wars.
Sale-to-List Ratio
The average home in 61606 sells for 6.5% below asking price (93.5% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 61606 can comfortably use conventional financing. The median home price of $122,000 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 61606 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 61606
To purchase the median home at $122,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,085.
Monthly Payment
$1,085
Income Required
$46,488
Principal & Interest
$752/mo
Down Payment (5%)
$6,100
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 61606.
Estimated Monthly Payment
$905
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