City · 112,169 residents · Peoria County, Illinois
Peoria, Illinois
In Peoria, a typical home is worth $156,200 and typical rent is $1,005 a month. Compared with all of Peoria County, typical household income is 9% lower and the share of households that own their home is 10 points lower.
Typical home value from Zillow, September 2021 to September 2026: from $95,651 to $136,279.
Typical rent
$1,240a month
▲ 4% more than 12 months ago
Typical rent from Zillow, September 2021 to September 2026: from $867 to $1,240.
From Zillow (ZHVI/ZORI), September 2026. The Census figures above are 5-year averages (2020–2024).
Peoria is in Peoria County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Peoria County. See the county
What this place has that others do not, from public data, most unusual first.
1
Nearby, in Peoria Heights, the typical home value is $117,700: 25% less than in Peoria ($156,200).
2
57% of households in Peoria own their home, against 67% in Peoria County.
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Peoria
What homes there are in Peoria, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Peoria
Peoria County
Illinois
United States
Kind of home: Peoria and its comparisons
Measure
Peoria
Peoria County
Illinois
United States
Detached house
63%
72%
58%
61%
Attached house
5%
4%
6%
6%
Building of 2 to 4
6%
5%
12%
8%
Apartments (5 or more)
26%
18%
22%
19%
Mobile home
Unreliable estimate
1%
2%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
Detached houses are the majority in Peoria (63%), but less so than in Peoria County (72%).
Year built
Before 19601960–19791980–19992000–20092010 or later
Peoria
Peoria County
Illinois
United States
Year built: Peoria and its comparisons
Measure
Peoria
Peoria County
Illinois
United States
Before 1960
42%
42%
38%
26%
1960–1979
27%
29%
26%
24%
1980–1999
14%
14%
20%
25%
2000–2009
11%
11%
11%
14%
2010 or later
5%
5%
6%
11%
The typical year built in Peoria is 1966, about the same as in Peoria County (1966).
There are fewer big homes in Peoria than in Peoria County: 51% have 3 bedrooms or more, against 57%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Under the limitOver the limitUnreliable estimate
Under $100K31%
$100K–$200K33%
$200K–$300K17%
$300K–$500K15%
$500K–$750K3%
FHA limit: $541,287
$750K–$1M1%
$1M or moreUnreliable
Value of owner-occupied homes: Peoria and its comparisons
Measure
Peoria
Under $100K
31%
$100K–$200K
33%
$200K–$300K
17%
$300K–$500K
15%
$500K–$750K
3%
$750K–$1M
1%
$1M or more
Unreliable estimate
The FHA loan limit for Peoria County is $541,287, and about 96% of owner-occupied homes in Peoria are worth less than that.
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $5009%
$500–$99940%
$1,000–$1,49939%
HUD fair market rent, 2 bedrooms: $1,212
$1,500–$1,9997%
$2,000–$2,4993%
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Peoria and its comparisons
Measure
Peoria
Under $500
9%
$500–$999
40%
$1,000–$1,499
39%
$1,500–$1,999
7%
$2,000–$2,499
3%
$2,500–$2,999
Unreliable estimate
$3,000 or more
Unreliable estimate
By rent, most homes in Peoria cost less than HUD's 2-bedroom fair market rent ($1,212): about 66%.
With a mortgage
$1,525 a month
Peoria County: $1,496 a month
Without a mortgage
$647 a month
Peoria County: $641 a month
Owners with a mortgage
58%
Peoria County: 56%
The typical cost for an owner with a mortgage in Peoria is $1,525 a month, near the figure in Peoria County ($1,496).
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Peoria+24%
Peoria County+22%
Illinois+35%
United States+53%
Typical rent
Peoria+25%
Peoria County+24%
Illinois+26%
United States+33%
Typical household income
Peoria+15%
Peoria County+17%
Illinois+27%
United States+29%
Change since 2015–2019: Peoria and its comparisons
Measure
Peoria
Peoria County
Illinois
United States
Typical home value
+24%
+22%
+35%
+53%
Typical rent
+25%
+24%
+26%
+33%
Typical household income
+15%
+17%
+27%
+29%
From 2015–2019 to 2020–2024, home values in Peoria rose at about the same pace as in Peoria County: 24% against 22%.
Rents in Peoria rose at about the same pace as in Peoria County: 25% since 2015–2019, against 24%.
The typical household income in Peoria rose 15%: less than home values (+24%) and rent (+25%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Peoria and its comparisons
Measure
Peoria
Peoria County
Illinois
United States
Rental vacancy
7.3%
6.8%
5.0%
5.5%
Homeowner vacancy
1.6%
1.4%
1.0%
0.9%
More than one person per room
2.2%
1.8%
2.5%
3.4%
People per household
2.20
2.24
2.46
2.53
Drive alone
75%
76%
66%
69%
Carpool
9%
9%
8%
9%
Public transit
2%
1%
6%
3%
Walk or bike
2%
2%
3%
3%
Work from home
12%
11%
16%
15%
Other means
1%
1%
1%
2%
Typical commute
10 to 19 minutes
10 to 19 minutes
20 to 29 minutes
20 to 29 minutes
In Peoria, the rental vacancy rate is 7.3%, about the same as in Peoria County.
Much as in Peoria County, 2.2% of households in Peoria have more than one person per room.
A household in Peoria has 2.20 people on average, about the same as in Peoria County (2.24).
To get to work, 75% of workers in Peoria drive alone; in Peoria County, 76%.
Do the math
What would you pay each month for a home in Peoria?
A typical home is tight for the typical income
We start with a typical home in Peoria, worth $156,200, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 30% of the typical household income in Peoria, which is $59,410 a year. For that payment to be 28% of income, a household would need to earn about $63,555 a year.
The calculator's FHA and conventional loan limits are those of all of Peoria County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Peoria. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $5,467 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,483
at 7.18% · 30 years
Loan amount
$153,371
Total interest
$220,665
Paid off in
November 2056
Includes $2,638 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,386 a month
Tight
$1,386 to $1,782 a month
Your payment · 30%
Hard
more than $1,782 a month
Compared with the typical household income in Peoria ($59,410 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,039
Property tax
$310
Home insurance
$65
FHA mortgage insurance (MIP)
$69
You need at least $5,467 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,483; principal and interest $1,039.
The city and its county
Peoria and Peoria County
Peoria is in Peoria County, Illinois. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Peoria
Map of Peoria County, Illinois, with Peoria marked. Around it, the neighboring counties.
Peoria
Peoria County
Other cities with a page
Peoria's own numbers
Typical home value
$156,200
Typical monthly rent
$1,005
Typical yearly household income
$59,410
Households that own their home
57%
Effective property tax rate
2.38%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Peoria County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,212
Price change over 5 years (FHFA)
+45%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Peoria County.
A typical home in Peoria is worth $156,200: about the same as the county and 41% below Illinois. With the typical household income in Peoria ($59,410 a year), a typical home costs 2.6 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Peoria2.6 years
County2.4 years
Illinois3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Peoria County
According to FHFA’s house price index, home prices in Peoria County rose 45% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Peoria County.
Yearly change in FHFA’s price index in Peoria County, 2016 to 2025
2016: +0.7% +0.7% 2016
2017: −2.9% −2.9% 2017
2018: −1.3% −1.3% 2018
2019: +1.4% +1.4% 2019
2020: +2.0% +2.0% 2020
2021: +6.3% +6.3% 2021
2022: +10.8% +10.8% 2022
2023: +8.6% +8.6% 2023
2024: +6.5% +6.5% 2024
2025: +6.4% +6.4% 2025
Change in FHFA’s price index in Peoria County, Illinois and the United States
Period
County
Illinois
U.S.
Last year (2025)
+6.4%
+5.7%
+2.9%
5 years (2020–2025)
+45%
+47%
+47%
10 years (2015–2025)
+45%
+65%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Peoria next to Peoria County, Illinois and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Peoria$156,200
County$158,500
Illinois$263,300
United States$332,700
Typical monthly rent
Peoria$1,005
County$993
Illinois$1,274
United States$1,413
Typical yearly household income
Peoria$59,410
County$65,108
Illinois$83,390
United States$80,734
See the full table
Peoria next to Peoria County and Illinois
Measure
Peoria
Peoria County
Illinois
U.S.
Typical home value
$156,200
$158,500
$263,300
$332,700
Typical monthly rent
$1,005
$993
$1,274
$1,413
Typical yearly household income
$59,410 ▼9% below the county
$65,108
$83,390
$80,734
Households that own their home
57% ▼10 points below the county
67%
67%
65%
Typical yearly property tax
$3,719 ▲5% above the county
$3,552
$5,298
$3,119
Effective property tax rate
2.38% ▲0.14 points above the county
2.24%
2.01%
0.94%
Renters with high rent for their income
50% ▲3 points above the county
47%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Peoria County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Peoria
For a typical $156,200 home in Peoria, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Peoria's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,483a month
Least cash to close
Down payment
$5,467
Cash to close
$10,153
Rate
7.18%
Mortgage insurance
FHA MIP · $69
Conventional, 5% down$1,454a month
Down payment
$7,810
Cash to close
$12,496
Rate
7.18%
Mortgage insurance
PMI · $74
Conventional, 20% down, no PMI$1,221a month
Down payment
$31,240
Cash to close
$35,926
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,366a month
Down payment
$23,430
Cash to close
$28,116
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Peoria
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,483
$5,467
$153,371
7.18%
FHA MIP · $69
$10,153
580
Conventional, 5% down
$1,454
$7,810
$148,390
7.18%
PMI · $74
$12,496
620*
Conventional, 20% down, no PMI
$1,221
$31,240
$124,960
7.18%
None
$35,926
620*
ITIN, 15% down (example)
$1,366
$23,430
$132,770
8.18%
None
$28,116
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Peoria is $1,005 a month: about the same as the county. In Peoria, 50% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Peoria County, by unit size. To pay the 2-bedroom one ($1,212 a month) without spending more than 30% of your income, you would need to earn $23.31 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Peoria County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$915
$17.60
$36,600
1 bedroom
$961
$18.48
$38,440
2 bedrooms
$1,212
$23.31
$48,480
3 bedrooms
$1,557
$29.94
$62,280
4 bedrooms
$1,710
$32.88
$68,400
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Peoria
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Peoria has 7 ZIP codes with their own.
For 2 bedrooms it runs from $1,150 in 61605 to $1,390 in 61615.
3 of the 7 are above the fair market rent for Peoria County ($1,212).
2-bedroom fair market rent in each of the 7 ZIP codes of Peoria, beside the one for Peoria County. For 2 bedrooms it runs from $1,150 in 61605 to $1,390 in 61615. 3 of the 7 are above the fair market rent for Peoria County ($1,212).
2-bedroom fair market rent in each ZIP code
Each line is one ZIP code: in color, those above the county's fair market rent; in gray, the rest.
County: $1,212
Lowest: $1,150 (61605)Highest: $1,390 (61615)
Fair market rent by ZIP code and size in Peoria, fiscal year 2027.
61602
$1,020
$1,070
$1,350
$1,730
$1,900
61603
$980
$1,030
$1,300
$1,670
$1,830
61605
$870
$910
$1,150
$1,480
$1,620
61606
$900
$940
$1,190
$1,530
$1,680
61614
$910
$950
$1,200
$1,540
$1,690
61615
$1,050
$1,100
$1,390
$1,790
$1,960
61625
$900
$940
$1,190
$1,530
$1,680
ZIP code2 bd3 bd
61602 $1,350$1,730
61603 $1,300$1,670
61605 $1,150$1,480
61606 $1,190$1,530
61614 $1,200$1,540
61615 $1,390$1,790
61625 $1,190$1,530
2 of these ZIP codes cross the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Peoria when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 48 buildings with rents for lower incomes in Peoria. These are the largest.
Peoria Portfolio I - IV818 W Hurlburt St, Peoria 61605478 low-income homes · 1 bd: 427 · 2 bd: 51
T M Wallick Residences2401 North Gail Avenue, Peoria 61604476 low-income homes · For older adults(309) 685-3968
Bnai Brith Apartments215 W Sam J Stone Ave, Peoria 61605201 homes, 200 low-income · For older adults(309) 676-0041
Sterling Towers East & West2625 W Reservoir Blvd, Peoria 61615196 homes, 185 low-income · Run by Peoria Housing Authority · Average payment: $325 a month · Average wait: 8 months · Homes at several sites(309) 676-8736
Glen Oak Tower926 Main St, Peoria 61602171 homes, 168 low-income · For families(309) 673-0202
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 2 HUD-approved agencies with an office in Peoria County; 2 say they serve in Spanish.
No down payment, repair or rent-help program on our list is for Peoria or Peoria County. The ones below are statewide in Illinois: they work in Peoria the same as in the rest of the state.
IHDA second loan with no payments until you sell or refinance, for the down payment in Illinois.Offered by Illinois Housing Development Authority (IHDA).
No legal help resource on our list is for Peoria or Peoria County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Peoria and all of Peoria County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Peoria?
The typical home value in Peoria is $156,200, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Peoria County it is $158,500.
How much does it cost to rent in Peoria?
Typical rent in Peoria is $1,005 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Peoria County is $1,212.
What is the FHA loan limit in Peoria?
Peoria uses the FHA limit for all of Peoria County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Peoria?
The typical homeowner in Peoria pays $3,719 a year, according to the U.S. Census Bureau. That is 2.38% of the home’s value; in Peoria County, the rate is 2.24%.
Where can I find free help to buy or rent in Peoria?
There are 2 HUD-approved counseling agencies with an office in Peoria County. 2 say they serve in Spanish. They can help you get ready to buy, with your credit, or with rent.
