East Peoria, IL—61611
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — East Peoria, IL
As of Oct '25, the median home price in East Peoria, IL is $179,000, with a year-over-year change of 11.1%. This indicates that home prices in East Peoria, 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 | $179,000 | 11.1% |
| Single Family | $179,000 | 11.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $65,000 | 4.8% |
2 Bed | $111,000 | 9.9% |
3 Bed | $188,000 | 11.2% |
4 Bed | $245,000 | 8.9% |
| 5 Bed | $267,000 | 7.7% |
% of Housing Stock
Rental Trends — East Peoria, IL
As of July '25, Rentcast reports the average rent in East Peoria, IL is $1,040, with a year-over-year rent change of -19.4%. Per bedroom, the median rent as of July '25 in East Peoria, IL is studios: $640, 1-bedrooms: $1,010, 2-bedrooms: $832, 3-bedrooms: $1,490. The most common rental property sizes in East Peoria, IL are 2-bedroom and 1-bedroom, accounting for 41.7% and 28.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $925 | $1,040 |
| Studio Rent | $640 | $640 |
| 1 Bed Rent | $925 | $1,010 |
| 2 Bed Rent | $800 | $832 |
| 3 Bed Rent | $1,180 | $1,490 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — East Peoria, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in East Peoria, IL is 24. This is a decrease of -31.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 18.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $197,000 | 2.0% |
Listing Count | 56 | -19.0% |
| Listings as % of Homes | 0.4% | -19.0% |
Days on Market | 24 | -31.0% |
Demographics — East Peoria, IL
As of the latest ACS Survey released in 2023, East Peoria, IL has a population of 23,700, which has decreased by -4.7% over the past 5 years. East Peoria, IL is a moderately popular place for families, as children make up 19.6% of the population. The area has a moderately educated workforce, with 26.0% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 8.3% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 23,700 | -4.7% |
% Under 18 | 19.6% | 7.7% |
% Seniors | 21.0% | 6.1% |
% WFH | 8.3% | 159.4% |
% w/ College Degree | 26.0% | 9.2% |
As of the latest ACS Survey released in 2023, East Peoria, IL is a predominantly white area, with 92.5% of the population identifying as white. The white population has grown by 0.1% in the last 5 years. The second most common race or ethnicity in East Peoria, IL is hispanic, making up 3.5% of the population. Foreign-born residents account for 1.1% of the population in East Peoria, IL, and this percentage has decreased by 64.5% 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 | 92.5% | 0.1% |
% Black | 1.5% | -11.8% |
% Hispanic | 3.5% | 16.7% |
% Asian | 0.5% | -68.8% |
% Foreign Born | 1.1% | -64.5% |
Mortgage and Risk — East Peoria, IL
According to HUD data as of 2023, there were 465 mortgage originations in East Peoria, IL, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 35.0% above 90% LTV (very high). This implies large mortgage risk in East Peoria, IL. Investor activity is low, as 2.0% of loans were by investors. 8.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 465 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 8.0% |
Loan Activity
Rentals and Section 8 — East Peoria, IL
East Peoria, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 226 |
Total Units Section 8 | 205 |
% Rentals under Section 8 | 9.7% |
% Occupied Section 8 | 83.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$185 | $925 | $740 |
| 2 Bedroom | $140 | $800 | $940 |
| 3 Bedroom | $40 | $1,180 | $1,220 |
| 4 Bedroom | N/A | N/A | $1,280 |
Affordability — East Peoria, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $179,000 |
| Median Household Income | $76,300 |