What is the average home price in Washington, IL 61571?

As of May '26, the median home price in Washington, IL 61571 is $239,000, based on Zillow home estimates.

How have home prices in Washington, IL 61571 changed over the past year?

As of May '26, home prices have increased 6.6% over the past year, according to Zillow home estimates data.

What is the home price projection for Washington, IL 61571?

As of May '26, Zillow projects home prices in Washington, IL 61571 to increase 2.8% in the next year.

What are the demographics of Washington, IL 61571?

According to the latest Census, the demographics of Washington, IL 61571 are 93.5% White, 0.3% Black, 1.2% Asian, 2.8% Hispanic. The population is 24,500, with 26.3% under 18 years old.

How long does it take homes to sell in Washington, IL 61571?

According to Realtor.com, as of May '26, the median home in Washington, IL 61571 is on the market for 30 days. This is a decrease of 1.0% from last year.

What is the average rent price in Washington, IL 61571?

The average rent price in Washington, IL 61571, as of the latest data, is $1,450. The average rent for 1 bedroom homes is N/A. For 2, 3, and 4 bedroom homes, the average rent is $1,040, $1,770, and $2,900 respectively.

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Washington, IL—61571

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$239,000

6.6% YoY Growth

Household Income

$87,900

24.1% YoY Growth

Days on Market

1.0% Shorter YoY

Home Price Forecast

2.8%

Median Rent

$1,150

2.0% YoY Growth

1-Bed Rent

N/A

2-Bed Rent

$900

4.6% YoY Growth

3-Bed Rent

$1,450

7.3% YoY Growth

Home Price Trends — Washington, IL

As of May '26, the median home price in Washington, IL is $239,000, with a year-over-year change of 6.6%. This indicates that home prices in Washington, IL are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$239,000	6.6%
Single Family	$241,000	6.6%
Condos	$209,000	7.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$308,000	-17.0%
Listing Count	54	-8.0%
Listings as % of Homes	0.5%	-8.0%
Days on Market	30	-1.0%

Metric	Latest Census	YoY % Change
Population	24,500	-1.7%
% Under 18	26.3%	-1.5%
% Seniors	18.2%	14.5%
% WFH	13.5%	350.0%
% w/ College Degree	38.2%	6.7%

Metric	Zip Code Average
Total Loan Originations	457
% Conventional Loans	83.0%
% Government Loans	17.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	4.0%

Total Units under HUD	401
Total Units Section 8	401
% Rentals under Section 8	21.5%
% Occupied Section 8	93.2%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$830
2 Bedroom	$150	$900	$1,050
3 Bedroom	-$90	$1,450	$1,360
4 Bedroom	-$1,470	$2,900	$1,430

Washington, IL—61571

Key Metrics at a Glance

Home Price Trends — Washington, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Washington, IL

% of Rental Stock

Property Listings — Washington, IL

Demographics — Washington, IL

Race and Ethnicity

Mortgage and Risk — Washington, IL

Mortgages

Rentals and Section 8 — Washington, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Washington, IL

Home Price to Income Ratio

Washington, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Morton, IL

Oak Ridge, IL

East Peoria, IL

Mackinaw, IL

Peoria, IL

Frequently Asked Questions

Type	Median Rent	Average Rent
Average Rent	$1,150	$1,450
Studio Rent	N/A	N/A
1 Bed Rent	N/A	N/A
2 Bed Rent	$900	$1,040
3 Bed Rent	$1,450	$1,770
4 Bed Rent	$2,900	$2,900

Metric	Latest Census	5-Year % Change
% White	93.5%	0.3%
% Black	0.3%	-75.0%
% Hispanic	2.8%	40.0%
% Asian	1.2%	-40.0%
% Foreign Born	1.6%	-33.3%

Metric	Zip Code Average
Home Price to Income Ratio	2.2
Median Home Price	$239,000
Median Household Income	$87,900