Peoria, IL housing market
Typical home value
$136K
▲ 5.2% 1 yr
Typical rent
$1,240/mo
▲ 3.9% 1 yr
Gross rent yield
10.9%
U.S. 6.3%
5-year home value change
+42%
U.S. +20%
Key takeaways
- 1The typical home in Peoria is worth $136,279, up 5.2% over the past year and up 42% over five years.
- 2Typical rent is $1,240 a month (+3.9% YoY), a gross rent yield of 10.9% (above the Peoria, IL metro's 7.9%).
- 3With 20% down at 7.32%, principal and interest on the typical home is about $749/mo, $491 less than typical rent.
- 4Zillow forecasts the Peoria, IL metro's home values to change +4.7% over the next 12 months.
Market temperature (Peoria, IL metro)
Seller's market
Buyer'sNeutralSeller's
Zillow Market Heat Index: 62/100, #22 hottest of 546 metros. Below 44 favors buyers; above 55 favors sellers.
Home values and rent
Source: Zillow Research (ZHVI, ZORI and market activity data).
How Peoria compares
| Measure | Peoria | Peoria, IL metro | United States |
|---|---|---|---|
| Typical home value | $136,279 | $174,845 | $366,157 |
| Home value, 1-yr change | +5.2% | +6.4% | +1.2% |
| Typical rent | $1,240 | $1,157 | $1,932 |
| Rent, 1-yr change | +3.9% | +4.9% | +2.7% |
| Gross rent yield | 10.9% | 7.9% | 6.3% |
| Price-to-rent ratio | 9.2 | 12.6 | 15.8 |
| Mortgage P&I, typical home | $749 | $961 | $2,012 |
Run the numbers
Rental property calculator
Cash flow on a typical Peoria rental, pre-filled.
Rent vs buy in Peoria
Which costs less over the years you'll stay.
Mortgage calculator
Monthly payment on a $136K home.
City figures are Zillow's typical home value (ZHVI) and observed rent (ZORI). Gross yield is before expenses. Data refreshed Oct 26, 2026.