Peoria, IL Housing Market
Market data powered by Zillow Research. Last updated: 2026-04-02
Peoria, IL is a hot market right now.
- •Prices are rising rapidly at 8.6% year-over-year — expect competition.
- •Price-to-rent ratio: 11.9 — buying is likely more cost-effective than renting.
Median Home Value
$163,955
ZHVI
Year-over-Year
+8.6%
Price change
5-Year Change
+40.8%
Since 2021
Median Rent
$1,145/mo
ZORI
Active Listings
947
For sale
State Avg
$281,547
Illinois
Home Value Trends
5-year Zillow Home Value Index for Peoria, IL vs. state and national averages.
Rent Data
Median Rent
$1,145/mo
Rent YoY Change
+7.4%
Other Markets in Illinois
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.