Peotone, IL 60468 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Peotone, IL—60468

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$330,000

4.3% YoY Growth

Household Income

$102,000

21.8% YoY Growth

Days on Market

83.0% Longer YoY

Home Price Forecast

2.0%

Median Rent

$1,200

3.0% YoY Growth

1-Bed Rent

$1,200

9.1% YoY Growth

2-Bed Rent

$1,500

12.8% YoY Growth

3-Bed Rent

N/A

Home Price Trends — Peotone, IL

As of Dec '25, the median home price in Peotone, IL is $330,000, with a year-over-year change of 4.3%. This indicates that home prices in Peotone, IL are increasing. According to Zillow, the 1-year price projection is 2.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$330,000	4.3%
Single Family	$330,000	4.4%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Peotone, IL

As of July '25, Rentcast reports the average rent in Peotone, IL is $1,300, with a year-over-year rent change of -3.0%. Per bedroom, the median rent as of July '25 in Peotone, IL is 1-bedrooms: $1,200, 2-bedrooms: $1,500. The most common rental property sizes in Peotone, IL are 2-bedroom and 3-bedroom, accounting for 48.9% and 20.6% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$1,200	$1,300
Studio Rent	N/A	N/A
1 Bed Rent	$1,200	$1,200
2 Bed Rent	$1,500	$1,500
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

18.8%

2 Bedrooms

48.9%

3 Bedrooms

20.6%

4 Bedrooms

9.5%

5+ Bedrooms

2.2%

Property Listings — Peotone, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Peotone, IL is 66. This is a increase of 74.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$292,000	-5.0%
Listing Count	11	5.0%
Listings as % of Homes	0.8%	5.0%
Days on Market	78	83.0%

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Demographics — Peotone, IL

As of the latest ACS Survey released in 2023, Peotone, IL has a population of 5,850, which has decreased by -3.2% over the past 5 years. Peotone, IL is a moderately popular place for families, as children make up 18.6% of the population. The area has a moderately educated workforce, with 29.4% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 12.9% reporting working from home.

Metric	Latest Census	YoY % Change
Population	5,850	-3.2%
% Under 18	18.6%	-17.0%
% Seniors	17.3%	19.3%
% WFH	12.9%	578.9%
% w/ College Degree	29.4%	32.4%

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As of the latest ACS Survey released in 2023, Peotone, IL is a predominantly white area, with 90.6% of the population identifying as white. The white population has grown by 1.1% in the last 5 years. The second most common race or ethnicity in Peotone, IL is hispanic, making up 7.6% of the population. Foreign-born residents account for 3.0% of the population in Peotone, IL, and this percentage has decreased by 34.8% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	90.6%	1.1%
% Black	0.0%	-100.0%
% Hispanic	7.6%	7.0%
% Asian	0.9%	350.0%
% Foreign Born	3.0%	-34.8%

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Mortgage and Risk — Peotone, IL

According to HUD data as of 2023, there were 106 mortgage originations in Peotone, IL, of which 81.0% of loans were conventional mortgages. The average loan-to-value was 66.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Peotone, IL. Investor activity is low, as 3.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	106
% Conventional Loans	81.0%
% Government Loans	19.0%
% Investor Loans	3.0%
% Second Loans	0.0%
% Cash Out Refinance	14.0%

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Rentals and Section 8 — Peotone, IL

Peotone, IL lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	1
Total Units Section 8	1
% Rentals under Section 8	0.2%
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$40	$1,200	$1,160
2 Bedroom	-$190	$1,500	$1,310
3 Bedroom	N/A	N/A	$1,680
4 Bedroom	N/A	N/A	$1,970

Peotone, IL—60468

Key Metrics at a Glance

Home Price Trends — Peotone, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Peotone, IL

% of Rental Stock

Property Listings — Peotone, IL

Demographics — Peotone, IL

Race and Ethnicity

Mortgage and Risk — Peotone, IL

Mortgages

Rentals and Section 8 — Peotone, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Peotone, IL

Home Price to Income Ratio

Peotone, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Monee, IL

Manteno, IL

Frankfort, IL

University Park, IL

Bourbonnais, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.6
Median Home Price	$330,000
Median Household Income	$102,000

Peotone, IL—60468

Key Metrics at a Glance

Home Price Trends — Peotone, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Peotone, IL

% of Rental Stock

Property Listings — Peotone, IL

Demographics — Peotone, IL

Race and Ethnicity

Mortgage and Risk — Peotone, IL

Mortgages

Rentals and Section 8 — Peotone, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Peotone, IL

Home Price to Income Ratio

Peotone, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Monee, IL

Manteno, IL

Frankfort, IL

University Park, IL

Bourbonnais, IL

Frequently Asked Questions

What is the average home price in Peotone, IL 60468?

How have home prices in Peotone, IL 60468 changed over the past year?

What is the home price projection for Peotone, IL 60468?

What are the demographics of Peotone, IL 60468?

How long does it take homes to sell in Peotone, IL 60468?

What is the average rent price in Peotone, IL 60468?