Peoria, IL—61602

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$118,000

3.4% YoY Growth

Household Income

$17,300

8.9% YoY Growth

Days on Market

39.0% Shorter YoY

Home Price Forecast

0.4%

Median Rent

$1,540

24.1% YoY Growth

1-Bed Rent

$1,200

14.4% YoY Growth

2-Bed Rent

$1,700

11.6% YoY Growth

3-Bed Rent

N/A

Other Zip Codes in Peoria, IL

61603 61605 61606 61604 61615 61614

Home Price Trends — Peoria, IL

As of Dec '25, the median home price in Peoria, IL is $118,000, with a year-over-year change of -3.4%. This indicates that home prices in Peoria, IL are decreasing. According to Zillow, the 1-year price projection is 0.4%, suggesting a relatively flat housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$118,000	-3.4%
Single Family	N/A	N/A
Condos	$131,000	-3.7%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$200,000	64.0%
Listing Count	23	40.0%
Listings as % of Homes	2.2%	40.0%
Days on Market	84	-39.0%

Metric	Latest Census	YoY % Change
Population	977	11.4%
% Under 18	3.1%	416.7%
% Seniors	22.7%	76.0%
% WFH	28.1%	307.2%
% w/ College Degree	37.2%	5.4%

Metric	Latest Census	5-Year % Change
% White	60.0%	-0.5%
% Black	13.4%	-41.0%
% Hispanic	16.7%	114.1%
% Asian	1.5%	-74.1%
% Foreign Born	11.9%	24.0%

Total Units under HUD	212
Total Units Section 8	212
% Rentals under Section 8	38.3%
% Occupied Section 8	77.8%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$290	$1,200	$910
2 Bedroom	-$540	$1,700	$1,160
3 Bedroom	N/A	N/A	$1,500
4 Bedroom	N/A	N/A	$1,580

Peoria, IL—61602

Key Metrics at a Glance

Other Zip Codes in Peoria, IL

Home Price Trends — Peoria, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Peoria, IL

% of Rental Stock

Property Listings — Peoria, IL

Demographics — Peoria, IL

Race and Ethnicity

Mortgage and Risk — Peoria, IL

Mortgages

Rentals and Section 8 — Peoria, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Peoria, IL

Home Price to Income Ratio

Peoria, IL — ZIP Code Boundary Map

Nearby ZIP Codes

West Peoria

Peoria, IL

Peoria, IL

Creve Coeur, IL

Peoria, IL

Frequently Asked Questions

Type	Median Rent	Average Rent
Average Rent	$1,540	$1,650
Studio Rent	N/A	N/A
1 Bed Rent	$1,200	$1,350
2 Bed Rent	$1,700	$1,730
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

Metric	Zip Code Average
Total Loan Originations	N/A
% Conventional Loans	N/A
% Government Loans	N/A
% Investor Loans	N/A
% Second Loans	N/A
% Cash Out Refinance	N/A

Metric	Zip Code Average
Home Price to Income Ratio	7.5
Median Home Price	$118,000
Median Household Income	$17,300

Peoria, IL—61602

Key Metrics at a Glance

Other Zip Codes in Peoria, IL

Home Price Trends — Peoria, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Peoria, IL

% of Rental Stock

Property Listings — Peoria, IL

Demographics — Peoria, IL

Race and Ethnicity

Mortgage and Risk — Peoria, IL

Mortgages

Rentals and Section 8 — Peoria, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Peoria, IL

Home Price to Income Ratio

Peoria, IL — ZIP Code Boundary Map

Nearby ZIP Codes

West Peoria

Peoria, IL

Peoria, IL

Creve Coeur, IL

Peoria, IL

Frequently Asked Questions

What is the average home price in Peoria, IL 61602?

How have home prices in Peoria, IL 61602 changed over the past year?

What is the home price projection for Peoria, IL 61602?

What are the demographics of Peoria, IL 61602?

How long does it take homes to sell in Peoria, IL 61602?

What is the average rent price in Peoria, IL 61602?