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Housing Affordability in Peoria, IL
Households that spend 30% or more of income on housing, rent and owner costs compared with income. American Community Survey 2020-2024 5-year estimates.
- Households paying 30%+ for housing
- 33.2%
- Illinois 30.4%
- Renters paying 30%+
- 50.0%
- Illinois 47.9%
- Homeowners paying 30%+
- 21.7%
- Illinois 22.4%
- Owner costs with a mortgage
- $1,525/mo
- Illinois $1,987/mo
Housing costs compared with income
- Renters paying 30% or more9,53050.0%
- Homeowners paying 30% or more6,06921.7%
- Renters paying 50% or more5,80330.4%
- Median rent as a share of income: 30.0%
- Median owner costs as a share of income, with a mortgage: 19.7%
- Median owner costs without a mortgage: $647/mo
- Median home value divided by median household income: 2.6
How it compares
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| Area | Households paying 30%+ for housing | Renters 30%+ | Owners 30%+ | Median rent as % of income |
|---|---|---|---|---|
| Peoria, IL | 33.2% | 50.0% | 21.7% | 30.0% |
| Peoria County | 27.8% | 47.2% | 19.0% | 28.7% |
| Illinois | 30.4% | 47.9% | 22.4% | 29.1% |
| United States | 32.2% | 51.1% | 22.7% | 30.6% |
Frequently asked questions
- What is the housing cost burden in Peoria, IL?
- In Peoria, IL, 33.2% of households spend 30% or more of their income on housing costs.
- How does Peoria compare with Illinois?
- The households paying 30%+ for housing in Peoria is 33.2%, compared with 30.4% for Illinois as a whole.
Source: U.S. Census Bureau, American Community Survey · 2020-2024 5-year estimates