61607 — Peoria County, Illinois Market Snapshot
Housing market data for zip code 61607 in Peoria County, Illinois. Updated monthly with median prices, days on market, and more.
Market Sales Data
41 sales in 2026 (year to date)
Median Sale Price
$175,000
Days to Sell
11
Homes Sold
41
Inventory
14
Sale-to-List
97.7%
New Listings
48
Price/SqFt
$117
Pending Sales
47
Conforming Loan Available
Most homebuyers in 61607 can comfortably use conventional financing. The median home price of $175,000 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
61607 is an extremely competitive market with homes selling in just 11 days on average. Buyers need pre-approval letters ready before making offers.
Sale-to-List Ratio
The average home in 61607 sells for 2.3% below asking price (97.7% sale-to-list), suggesting buyers have negotiating leverage in the current market.
Conforming Loan Feasibility
Most homebuyers in 61607 can comfortably use conventional financing. The median home price of $175,000 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 61607 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 61607
To purchase the median home at $175,000 with 5% down at today's rate of 6.75%, the estimated monthly payment is approximately $1,491.
Monthly Payment
$1,491
Income Required
$63,891
Principal & Interest
$1,078/mo
Down Payment (5%)
$8,750
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 61607.
Estimated Monthly Payment
$1,233
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