Data through September 2026 · updated 2026-11-07 · free, from Zillow, Realtor.com, the Census Bureau and other public sources
Typical home value$166,288+5.8% YoY · prices are rising fast
Market right nowBalanced marketMore homes for sale than last year, 24% have cut their price
Income needed to buy, per year$36,048About 0.5× the local median income ($68,190): affordable for a typical household
Days on market36 daysFaster than a year ago: sellers have the edge
Next 12 months+4.7%Zillow expects prices to rise strongly
The typical home in Peoria County, IL is worth $166,288, up 5.8% from a year ago. That is slightly above what local incomes have historically supported: fair value is about $153,236, so the area is 8.5% overvalued. It is a balanced market: homes take about 36 days to sell, listings are up 14% from a year ago, 24% of listings have had a price cut. Zillow expects prices to rise about 4.7% over the next year. A household needs about $36,048 a year to afford the typical home here at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $68,190. Typical rent is $1,201 a month, or $1,332 for a house. In the latest IRS figures, 536 more people moved out than in.
Home value over time
Solid: typical home value · dashed: fair value (household income × the 20-year average price-to-income ratio). Sources: FHFA, Zillow, U.S. Census Bureau.
Prices and affordability
Typical home value
$166,288
Change in 1 year
+5.8%
Overvalued %
+8.5%
Show 7 more
Fair home value
$153,236
Change in 5 years
+41.5%
Zillow forecast, next 12 months
+4.7%
Home value to income
2.4×
Monthly mortgage payment (20% down)
$901
Income needed to afford it
$36,048
Property tax rate
2.24%
Rent and investing
Typical rent
$1,201
Typical rent for houses
$1,332
Price-to-rent ratio
11.5×
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HUD Fair Market Rent, 2 bedrooms
$1,212
Gross rental yield
8.67%
Cap rate (estimate)
5.63%
Market activity
Listings vs a year ago
+14.0%
Days on market
36
Listings with a price cut
23.9%
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Homes for sale
400
Pending sales per 100 listings
52
Asking price per sq ft
$100
People and jobs
Median household income
$68,190
Population change (1 year)
+0.0%
Unemployment rate
6.2%
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Population
178,553
Income adjusted for cost of living
$74,770
Net moves in (IRS)
−536
Cost of living (US = 100)
91.2
Schools, risk and environment
School rating (1 to 10)
5.4
FEMA hazard risk score (0 to 100)
90.7
Unhealthy air days a year
4
Show 4 more
Flood risk score
88.7
Wildfire risk score
9.8
Walkability (1 to 20)
10.5
Road, rail and air noise
54 dB
Questions people ask
Is Peoria County, IL overvalued?
Home prices in Peoria County, IL are slightly above what local incomes have historically supported: fair value is about $153,236, so the area is 8.5% overvalued.
Is Peoria County, IL a buyer's or seller's market?
Peoria County, IL is a balanced market: homes take about 36 days to sell, listings are up 14% from a year ago, 24% of listings have had a price cut.
Are home prices going down in Peoria County, IL?
Home values in Peoria County, IL are up 5.8% over the last year. Zillow's forecast for the next 12 months is +4.7%.
How much do you need to earn to buy a home in Peoria County, IL?
A household needs about $36,048 a year to afford the typical home in Peoria County, IL at today's 7.18% mortgage rate (20% down, payment at 30% of income); the median household earns $68,190.