61101 Zip Code's October First-Time Homebuyer Report

With 22,195 residents, 61101 is a larger than average zip code in Illinois. Also, with a 5.0% decrease over the last 10 years, its population is shrinking slower than other parts of the state. Homes in the 61101 zip code are older than most with a median age of 53 years. The top school in the zip code is King Gifted School.

Price Range

The median value of homes in the 61101 zip code is $62,600, making it one of the lower priced areas in Illinois. At the same time, the average list price of available homes is presently $35,320. Over the last 30 days, six homes were sold in the 61101 zip code market, up 100.0%. However, the market is still in a confirmed downward trend overall.

Out of all the listings in the 61101 zip code, these have been viewed the most. So be sure to see what all the fuss is about with these fabulous homes.

$108K   $154K   $119K  

Typical Dwelling

A three-bedroom detached home valued around $56,691 is considered a typical dwelling in the 61101 zip code. If a buyer was looking for a similar home, they would need good credit and a $11,338 cash down payment to get a mortgage with a 3.95% interest rate. The monthly payments would be $234 and the property tax rate is $25.64 per $1,000 of taxable assessed value.

Get started right now by checking out 61101 homes for sale or reviewing 61101 real estate trends.


Data reported through 10/13/2016

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