Peoria
Illinois · Ranked #4 of 373 metros
97Affordable
💡
Housing in Peoria costs 2.34× the median income, below the national average of 4.5×. The median home price is $161K and median rent is $899/month. Peoria ranks #4 of 373 metros for affordability.
Median Home Price
🏠$161K
Need $47K income
Median Rent
🔑$899
Need $36K income
Building Permits
🔨230
annual
Median Income
💰$69K
Pop: 388,550
Rent Burden
⚠️25.5%
of renters paying >30%
Homeownership
🏡74.0%
Rent Burden
vs. National Average
Key Facts vs. National Average
| Metric | Peoria | National |
|---|---|---|
| Price-to-Income Ratio | 2.34x | 6.1x |
| Rent Burden | 25.5% | 31.5% |
| Homeownership Rate | 74.0% | 65.5% |
| YoY Rent Change | 0% | +2.8% |
| Mortgage Denial Rate | 0.0% | 13.5% |
| Eviction Rate | 0.0% | 3.6% |
House Price Index (2000–2025)
FHFA All-Transactions HPI
Since 2019: +49.8%Since 2000: +93.2%
HUD Fair Market Rents (FY2026)
Section 8 voucher payment standards
Studio$758/mo
1 Bedroom$818/mo
2 Bedroom$1,039/mo
3 Bedroom$1,346/mo
4 Bedroom$1,449/mo
Zillow Market Data
Home Value (ZHVI)
$164K
1yr: +8.6%5yr: +40.8%
Rent (ZORI)
$1,145/mo
1yr: +7.4%5yr: +47.0%
Note: ZORI reflects current listing prices and may differ from the Census ACS median rent shown above, which captures what renters actually pay including below-market and subsidized units.
Redfin Market Activity
Median Sale Price
$155K
Active Inventory
600
Days on Market
42
Sold Above List
23.6%
Price Drops
32.2%