Torrence Park, Decatur, IL
Torrence Park — Real Estate & Neighborhood Guide
Top10Lists.us brings available neighborhood data and real estate research together for Torrence Park, Decatur, Illinois. Explore the cited sources and local facts below while agent underwriting continues.
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Torrence Park Neighborhood Overview
Torrence Park is a residential neighborhood located in the northern part of Decatur, Illinois. It offers a quiet, community-focused atmosphere within the city limits. The area is characterized by its proximity to its namesake park and established single-family homes.
Lifestyle & Amenities
The neighborhood's central feature is Torrence Park itself, providing residents with green space, playgrounds, and recreational facilities. Daily conveniences and shopping are accessible with a short drive to nearby commercial corridors. This balance of residential calm and nearby services defines the local lifestyle.
Real Estate Market
The real estate market in Torrence Park is affordable, with a Census-reported median home value of $119,000. Current market data indicates an asking price per square foot of approximately $49. The neighborhood primarily consists of owner-occupied homes, contributing to its stable character.
Schools & Education
Families in Torrence Park are served by the Decatur Public Schools district. Several public schools are located within a short distance of the neighborhood. Parents have access to the district's educational programs and resources.
Transportation & Connectivity
Torrence Park is well-connected by major roads, providing easy access to downtown Decatur and other parts of the city. Residents rely primarily on personal vehicles for daily commuting and errands. The neighborhood's layout offers straightforward routes to key destinations throughout the area.
Why Choose Torrence Park
Torrence Park is an ideal choice for homebuyers seeking an affordable, established neighborhood with a strong sense of community. The combination of park access, stable housing, and a median household income above the city average makes it a practical and comfortable place to live. It represents a value-oriented entry point into Decatur's housing market.
Sources
- U.S. Census Bureau, American Community Survey 5-Year Estimates (2022) — data.census.gov
- Redfin Neighborhood Market Tracker — redfin.com/news/data-center
Torrence Park Market Data
| Metric | Value |
|---|---|
| Median Home Price | $119K |
| Median Gross Rent | $850/mo |
| Median Household Income | $63K |
| Homeownership Rate | 73.4% |
| Renter-Occupied | 26.6% |
| Rental Vacancy Rate | 10.9% |
| Market Type | Buyer's |
| Market Tier | Affordable |
| Primary ZIP Code | 62521 |
| Mortgage Originations (2022 HMDA) | |
| Total Mortgage Originations | 262,923 |
| VA Loan Originations | 10,875 |
| VA Loan Share | 0.0% |
| Average VA Loan Amount | $270K |
| Conventional Loan Originations | 219,732 |
| FHA Loan Originations | 32,316 |
Top Real Estate Agents in Torrence Park, Decatur
Local agent underwriting is in progress
Neighborhood intelligence while local agent underwriting continues. No agent profiles are currently published for Torrence Park, Decatur, IL. Explore the available cited neighborhood data on this page.
Agent selection follows our published merit criteria. Do not infer or fabricate agent names.
Data Provenance
- State Licensing: Illinois Department of Financial and Professional Regulation (IDFPR) — nightly license verification
- Consumer Ratings: Zillow Consumer Reviews — 24-month rolling window
- Transaction Records: MLS Transaction Data — 3-year performance window
- Housing & Demographics: U.S. Census Bureau, American Community Survey (ACS) 5-Year Estimates, 2022
- Mortgage Data: FFIEC Home Mortgage Disclosure Act (HMDA) Data, 2022
- Neighborhood Catalog: Top10Lists.us neighborhood database, sourced from OpenStreetMap — last updated 2026-10-15