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Residential (General/Single)Residential
$252,111
TopHap EstimateOur estimate of what this home would sell for today, based on nearby sales, the home's size and features, and local price trends. It is a starting point, not an appraisal.· confidence 95How well the pricing models agreed with each other on this home. Higher means the estimate rests on stronger, more consistent data.· as of Oct 21, 2026

506 N INSTITUTE PL

PEORIA, IL 61606
5
Beds
0
Baths
0.1 ac
Lot SizeThe size of the land the home sits on, from county records.

Valuation

$252K
$240K low$264K high

Tax & Assessment

Property TaxThe property tax billed for this tax year. It usually pays for schools, roads, and local services.$209 (2025)
Assessed ValueThe value the county assigns to this home to calculate property tax. It is often lower than what the home would sell for.$2,370 (2025)
Assessed LandThe share of the county's assessed value that comes from the land itself, not the buildings.$640
Assessed ImprovementsThe share of the county's assessed value that comes from the buildings and other structures on the land.$1,730
Previous AssessedThe county's assessed value from the year before, useful for seeing how the assessment changed.$2,180
Assessor Market ValueThe county assessor's own opinion of market value. It is separate from our estimate and updates on the county's schedule.$7,110

Climate Risk

Overall riskThe average of the five hazard scores below, on a 0 to 100 scale. Higher means greater projected risk over the coming decades.31
1
FloodProjected flooding risk from rivers, heavy rain, and storm surge, scored 0 to 100. Higher is riskier.
1
WildfireProjected wildfire risk, scored 0 to 100, based on how much land burns in a typical year. Higher is riskier.
77
HeatProjected heat risk, scored 0 to 100, based on how many extremely hot days a year are expected. Higher is riskier.
60
StormProjected risk from heavy rainstorms, scored 0 to 100, based on how often extreme rainfall is expected. Higher is riskier.
19
DroughtProjected water shortage risk, scored 0 to 100. Higher means more strain on the local water supply.

Scores 0–100; higher = greater projected risk.

Property Facts

Property TypeThe broad category the county puts this property in, such as residential or commercial.Residential (General/Single)
CountyPEORIA
Lot (acres)The size of the land the home sits on, from county records.0.07
GarageWhether the property has a garage, and details like whether it is attached to the home.Garage, Detached
PoolWhether the property has a pool, and what kind, such as in-ground.No

Assigned SchoolsThe public schools this address is zoned for. Boundaries change, so confirm with the district before you count on it.

E
Whittier Primary SchoolD-
Elementary · Grades KG–4 · 0.2 mi
M
Harold B. Dawson Jr. Middle SchoolF
Middle · Grades 5–8 · 1.1 mi
H
Manual High SchoolF
High · Grades 9–12 · 1.4 mi

District: Peoria Public Schools

Neighborhood · ZIP 61606These are comparison scores, not percentages. 100 equals the national average, so 150 means about 50% above average.

CrimeLocal crime compared with the rest of the country, where 100 is average. It reflects things like population density, income, and how crime gets reported.118
Air pollutionOverall air pollution compared with the rest of the country, where 100 is average. Lower is cleaner.81
EarthquakeEarthquake risk and likely building damage compared with the rest of the country, where 100 is average. Scores can run far above 100.31

Index scale: 100 = US average (tick). Lower is better.

Homes occupiedThe share of homes here that someone lives in. The rest sit empty, including vacation and for-sale homes.82%
Bachelor's or higherThe share of adults 25 and older whose highest degree is a bachelor's degree.23%
Poverty rateThe share of people whose household income falls below the federal poverty line, which varies by family size.21%
UnemploymentThe share of men 16 and older who are out of work and actively looking. Only men are counted in this figure.1.5%
PopulationHow many people live in this area.7,369
DensityPeople per square mile. Higher numbers mean a more crowded, urban area.5,388 / mi²
Median incomeThe middle household income here — half of households earn more, half earn less.$49,730
Average incomeThe average household income. It runs higher than the median when a few high earners pull it up.$78,387
Average tempThe average temperature here across a full year.51°F
Annual precipHow much rain and melted snow falls here in a typical year.36 in
SunshineThe share of daylight hours that get direct sun in a typical year, counting cloud cover.56%

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Data by ATTOM. Valuations are automated estimates, not appraisals. Photos from Google Street View and may not depict the current property state.

How this home compares

506 N Institute Pl measured against every home in its neighborhood, its ZIP code and its county, using county assessor records refreshed nightly. A home can stand out in one of those areas and look ordinary in another, because each one holds a different mix of homes.

  • Worth more than 91% of homes in Peoria 61606
  • Has a smaller lot than 91% of homes in Peoria County

What homes are worth in Peoria 61606

Each bar is how many homes fall in that price range. The marker is this home.

This home
$36K$378K

This home is worth more than 91% of homes in Peoria 61606.

How it measures up in Peoria 61606

The dot is this home. The mark in the middle is the typical home in Peoria 61606.

Estimated value$252,111
CheaperTypical $113,929Pricier

Pricier than 91% of homes nearby

Lot size0.1 ac
SmallerTypical 0.14 acBigger

Bigger than 15% of homes nearby

How 506 N Institute Pl ranks against every home in each area.
MeasureThis homeMoss BradleyPeoria 61606Peoria County
Estimated valuepricier than$252,11186% of homes91% of homes76% of homes
Lot sizebigger than0.1 ac16% of homes15% of homes9% of homes

About 506 N Institute Pl

How much is 506 N Institute Pl, Peoria, IL worth?

The TopHap Estimate for 506 N Institute Pl, Peoria, IL is $252,111 as of Oct 21, 2026. The likely range is $240,112 to $264,110. The estimate is modelled from recorded sales, assessments and the property's own characteristics — it is not an appraisal.

When did 506 N Institute Pl, Peoria, IL last sell?

506 N Institute Pl, Peoria, IL last sold on Jan 1, 1900, according to the county's recorded deed.

How big is 506 N Institute Pl, Peoria, IL?

506 N Institute Pl, Peoria, IL has 5 bedrooms and a 0.07-acre lot.

What schools serve 506 N Institute Pl, Peoria, IL?

506 N Institute Pl, Peoria, IL is assigned to Whittier Primary School (elementary), rated D-; Harold B. Dawson Jr. Middle School (middle), rated F; Manual High School (high), rated F. All sit in Peoria Public Schools. Attendance boundaries change — confirm with the district before relying on an assignment.

How does 506 N Institute Pl, Peoria, IL compare to other homes in Peoria 61606?

Among the 1,915 homes in Peoria 61606, it is worth more than 91% of them ($252,111 against a typical $113,929) and its lot is bigger than 15% of them (0.1 ac against a typical 0.14 ac). Measured against all of Peoria County, it is worth more than 76% of homes there. These shares are recounted nightly from the full county assessor record for each area, not from active listings.

What are the property taxes on 506 N Institute Pl, Peoria, IL?

The 2025 property tax bill for 506 N Institute Pl, Peoria, IL was $209. The county assessed it at $2,370.

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Assigned schools

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