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Peoria, IL Home Values and Rents
The typical home value in Peoria is $136,279, 406th highest of 696 cities and towns in Illinois. Median rent is $1,240 a month.
- Typical home value
- $136,279
- 406th of 696 in IL
- Median rent
- $1,240/mo
- Zillow observed rent
- Price change, 1 year
- +5.2%
- Sep 2026
- Homeownership
- 57.5%
- IL: 67.1%
Home sale prices in the Peoria, IL area
Zillow median sale price, Sep 2026
$163,077+0.1% from a year earlier
Half of homes in the metro area sold for more and half for less. Zillow publishes sale prices for metro areas, not for single counties or cities.
Typical home value in Peoria
Zillow Home Value Index, all homes, middle tier
Show as a table
| Period | Peoria |
|---|---|
| Sep 2026 | $136,279 |
| Dec 2025 | $132,417 |
| Dec 2024 | $122,320 |
| Dec 2023 | $113,408 |
| Dec 2022 | $105,847 |
| Dec 2021 | $97,698 |
| Dec 2020 | $87,635 |
| Dec 2019 | $82,104 |
| Dec 2018 | $82,935 |
| Dec 2017 | $84,317 |
| Dec 2016 | $84,864 |
| Dec 2015 | $85,958 |
| Dec 2014 | $85,576 |
| Dec 2013 | $86,273 |
| Dec 2012 | $86,905 |
Over five years, Peoria prices changed +42.5%.
Source: Zillow Research · Last updated 09/01/2026
Housing at a glance
American Community Survey 2020-2024 5-year estimates, compared with Illinois
- Median home value
- $156,200 · IL $263,300
- Median gross rent
- $1,005/mo · IL $1,274
- Home value to income
- 2.6 times the median household income ($59,410)
- Rent to income
- A year of median rent equals 20% of median household income
- Owner-occupied
- 57.5% of 49,037 households
- Housing units
- 54,010
- Vacancy rate
- 9.2%
- Median year built
- 1966
Fair Market Rents, FY2027
HUD rent standard for Peoria, IL MSA
| Unit size | Monthly rent |
|---|---|
| Studio | $915 |
| 1 bedroom | $961 |
| 2 bedrooms | $1,212 |
| 3 bedrooms | $1,557 |
| 4 bedrooms | $1,710 |
Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
Swipe the table sideways to see more columns.
Frequently asked questions
- What is the typical home value in Peoria, IL?
- The typical home value in Peoria is $136,279 (Zillow Home Value Index, Sep 2026). The Illinois median is $263,300.
- How much is rent in Peoria?
- The median rent in Peoria is $1,240 a month (Zillow Observed Rent Index). HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,212.
- Are home prices going up in Peoria?
- The typical home value in Peoria changed +5.2% over one year and +42.5% over five years, as of Sep 2026.
- How does Peoria compare with the rest of Illinois?
- Peoria has the 406th highest median home value of 696 cities and towns with 1,000+ residents in Illinois.
- Which ZIP code in Peoria has the highest home values?
- ZIP code 61602 has the highest median home value at $231,000, and 61605 has the lowest at $47,400.