What is the average home price in Peoria, IL 61614?

As of May '26, the median home price in Peoria, IL 61614 is $206,000, based on Zillow home estimates.

How have home prices in Peoria, IL 61614 changed over the past year?

As of May '26, home prices have increased 6.9% over the past year, according to Zillow home estimates data.

What is the home price projection for Peoria, IL 61614?

As of May '26, Zillow projects home prices in Peoria, IL 61614 to increase 3.0% in the next year.

What are the demographics of Peoria, IL 61614?

According to the latest Census, the demographics of Peoria, IL 61614 are 69.6% White, 16.8% Black, 5.3% Asian, 4.9% Hispanic. The population is 28,100, with 23.2% under 18 years old.

How long does it take homes to sell in Peoria, IL 61614?

According to Realtor.com, as of May '26, the median home in Peoria, IL 61614 is on the market for 24 days. This is a decrease of 8.0% from last year.

What is the average rent price in Peoria, IL 61614?

The average rent price in Peoria, IL 61614, as of the latest data, is $1,260. The average rent for 1 bedroom homes is $979. For 2, 3, and 4 bedroom homes, the average rent is $1,120, $1,700, and N/A respectively.

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Peoria, IL—61614

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$206,000

6.9% YoY Growth

Household Income

$68,400

9.5% YoY Growth

Days on Market

8.0% Shorter YoY

Home Price Forecast

3.0%

Median Rent

$1,180

7.7% YoY Growth

1-Bed Rent

$925

12.7% YoY Growth

2-Bed Rent

$1,050

0.0% YoY Growth

3-Bed Rent

$1,500

11.1% YoY Growth

Other Zip Codes in Peoria, IL

61603 61602 61605 61606 61604 61615

Home Price Trends — Peoria, IL

As of May '26, the median home price in Peoria, IL is $206,000, with a year-over-year change of 6.9%. This indicates that home prices in Peoria, IL are increasing. According to Zillow, the 1-year price projection is 3.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$206,000	6.9%
Single Family	$213,000	6.5%
Condos	$126,000	5.0%

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$229,000	1.0%
Listing Count	87	3.0%
Listings as % of Homes	0.5%	3.0%
Days on Market	24	-8.0%

Metric	Latest Census	YoY % Change
Population	28,100	0.5%
% Under 18	23.2%	16.0%
% Seniors	22.4%	-0.4%
% WFH	9.7%	246.4%
% w/ College Degree	46.4%	7.2%

Metric	Zip Code Average
Total Loan Originations	613
% Conventional Loans	82.0%
% Government Loans	18.0%
% Investor Loans	3.0%
% Second Loans	1.0%
% Cash Out Refinance	5.0%

Total Units under HUD	290
Total Units Section 8	278
% Rentals under Section 8	6.1%
% Occupied Section 8	86.3%

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	-$95	$925	$830
2 Bedroom	$0	$1,050	$1,050
3 Bedroom	-$140	$1,500	$1,360
4 Bedroom	N/A	N/A	$1,430

Peoria, IL—61614

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

Peoria, IL

Peoria Heights, IL

Peoria, IL

Peoria, IL

West Peoria

Frequently Asked Questions

Type	Median Rent	Average Rent
Average Rent	$1,180	$1,260
Studio Rent	$2,000	$2,000
1 Bed Rent	$925	$979
2 Bed Rent	$1,050	$1,120
3 Bed Rent	$1,500	$1,700
4 Bed Rent	N/A	N/A

Metric	Latest Census	5-Year % Change
% White	69.6%	-9.7%
% Black	16.8%	66.3%
% Hispanic	4.9%	96.0%
% Asian	5.3%	-22.1%
% Foreign Born	8.9%	15.6%

Metric	Zip Code Average
Home Price to Income Ratio	2.3
Median Home Price	$206,000
Median Household Income	$68,400