Interested in purchasing investment houses in the 61602 zip code in Peoria, IL?
The zip code 61602 is in Peoria county with a latitude of -89.607460000000 and longitude of 40.674710000000, is in the state of Illinois. The average asking price of houses and condos is $228,500.00 and the average sale price was $126,000.00. this regions is classified as the Peoria - Bloomington metro area and is in the 309 area code. The location in degrees is 40° 40' 28.956" N, 89° 36' 26.856" W. The county F.I.P.S. is 17143. The total land area is 1.5 square miles and the water area is 0.2 square miles. The zip code is on central standard time and observes daylight savings time.
The zip 61602 is in county number 143 and is L. Sector , L. Segment , H. Sector , and H. Segment . The population was 837 in 2019 and 1,055 in 2010. This further breaks down to 627 males (75.0%) and 209 females (25.0%). The median age of residents is 44.8 years. The population of the greater Peoria, IL area is 376,630. The population density (people per square mile) is 550. This zip code has a combined total of 678 houses and condos. There are 444 rented appartments. 84% of residents rent versus the 84% of residents in the state who rent.
The financial status of those living in this area is considered lower middle class. The average individual gross adjusted income is $120,565 and the average salary is $98,769. The median household income of individuals is $21,745.00 and the average is $98,620.00. This zip code has a mean commute time to work of 12.8 minutes. The unemployment rate is 9.3%. Income earners by percent breakdown as 80.80% (Under $50,000), 16.00% ($50,000-$100,000), and 3.30% earn over $100,000. 49.9% of residents live below poverty line versus the 11.5% in the state that are below this line. The cost of living index is 105.5. The educational breakdown is 90.9% have a high school education or higher, 37.9% have a bachelor's degree or higher, and 17.4% have some kind of profesional degree.
This area has 619 households and the average size is 1.1 people. Individuals who are single and have never been married are 56.6%, 16.1% are now married, 1.6% are separated, 1.4% are widowed, and 24.3% are divorced. The average yearly contribution amount given by people to charity was $8,173 versus the state average of $4,525. The percent of residents who gave to charity was 23.9%.
The estimated median value of houses and condos is $250,783. The median monthly owner costs of mortgage holders was $1,861, where as the costs for those who don't have a mortgage are $1,006. The median number of rooms in houses and condos are 4.4 versus apartments which had a median number of 2.4.
The real estate tax percent rate is 2.0% which equated to an average real estate tax amount payment of $5,042. In comparision, the average real estate tax percent rate in the state is 2.2% which equated to an average real estate tax amount payment in the state of $4,527. The median housing property tax percent for residents with mortgages was 2.1% which amounted to an average tax amount of $4,520. Conversely, the median housing property tax percent for residents who don't have mortgages was 2.2% which amounted to an average tax amount of $6,396. Reported taxable interest for persons was $4,684, dividends $17,647, capital gains +$22,879, and itemized deductions $35,853. The average earned income tax credit is $1,100. The percent of individuals that use a tax preparer is 58.7%. The total average income taxes paid by individuals was $14,918. Businesses reported an average profit of $6,625.
Jim's Steak House
110 SW Jefferson Ave, Peoria, IL 61602
Joe's Crab Shack
110 SW Water St, Peoria, IL 61602
Richard's On Main
311 Main St, Peoria, IL 61602
Rhythm Kitchen Music Cafe
305 SW Water St, Peoria, IL 61602
Catrina's Express
401 SW Water St, Peoria, IL 61602
Two25
225 NE Adams St, Peoria, IL 61602
Rizzi's On State
112 State St, Peoria, IL 61602
When my husband passed away suddenly, I was left with a home I had to sell fast. The experts from We Buy Homes dealt with me professionally, fairly, and honestly. I didn’t have to list my house and I didn’t have to deal with strangers walking through my home. And I didn’t have to pay a realtor! They handled everything and that provided the peace of mind I needed during such a difficult time. I highly recommend them!
