Peoria County, Illinois Housing Market
In Peoria County, Illinois, the median home value is $158,500, with a median monthly rent of $993. This places Peoria County at #2055 nationally out of 3134 counties by median home value, and #33 within Illinois.
📈 Price Trend (2017 → 2024)
📊 Recent Market Momentum (FHFA HPI)
FHFA House Price Index — All-Transactions, Annual (2000 = 100) · Latest: 2025
📍 Economic Snapshot
Employment & Wages
- Avg weekly wage: $1,515
- Establishments: 3,696
- BLS QCEW, 2025
Housing Supply
- Single-family: 73
- Multi-family: 0
- U.S. Census Bureau, Building Permits Survey
Migration Patterns
- Inflow: 73,964 (avg $92,306)
- Outflow: 71,123 (avg $93,988)
- IRS Statistics of Income
📍 Sub-Market Activity
Top 10 active ZIP codes in Peoria County · Latest: 2025
| # | ZIP Code | HPI | YoY Change | Latest Year |
|---|---|---|---|---|
| 1 | 61559 | 198.2 | +23.61% | 2025 |
| 2 | 61616 | 198.7 | +18.67% | 2025 |
| 3 | 61603 | 145.6 | -1.60% | 2025 |
| 4 | 61528 | 212.8 | +7.39% | 2025 |
| 5 | 61547 | 213.6 | +7.83% | 2025 |
| 6 | 61604 | 153.2 | +8.21% | 2025 |
| 7 | 61517 | 182.3 | +7.01% | 2025 |
| 8 | 61615 | 161.9 | +5.93% | 2025 |
| 9 | 61614 | 174.1 | +7.58% | 2025 |
| 10 | 61525 | 169.4 | +9.27% | 2025 |
Source: FHFA HPI for Five-Digit ZIP Codes (All-Transactions Index, 2000 = 100).
This product uses FHFA Data but is neither endorsed nor certified by FHFA.
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💰 Mortgage Guide → 🧾 Property Tax Data →How Peoria County Compares
| Metric | Peoria County | Illinois Average | U.S. Average |
|---|---|---|---|
| Median Home Value | $158,500 | $153,019 | $227,706 |
| Median Gross Rent | $993 | $867 | $968 |
| Owner Occupancy Rate | 67.0% | 75.8% | 73.3% |
| Price/Rent Ratio | 13.3 | 14.5 | 18.7 |
Market Analysis
The median home value in Peoria County is 3.6% above the Illinois state average and 30.4% below the U.S. national average. The median rent of $993/month is 14.5% above the state average.
With a price-to-rent ratio of 13.3, buying a home in Peoria County is generally more favorable than renting for those planning to stay long-term. A ratio below 15 typically signals that purchasing is financially advantageous over a multi-year horizon.
Peoria County has an owner-occupancy rate of 67.0%, compared to 75.8% in Illinois and 73.3% nationally. This indicates a more renter-heavy market than the U.S. average.
Similar Counties by Home Value
| County | State | Median Home Value | Median Rent |
|---|---|---|---|
| Tallapoosa County | Alabama | $158,500 | $765 |
| Wood County | West Virginia | $158,500 | $822 |
| Greenlee County | Arizona | $158,600 | $648 |
| Scott County | Indiana | $158,400 | $822 |
| Montmorency County | Michigan | $158,600 | $686 |
Other Counties in Illinois
| County | Median Home Value | Median Rent | Owner Occ. |
|---|---|---|---|
| Johnson County | $160,500 | $781 | 82.0% |
| Williamson County | $156,400 | $930 | 70.7% |
| Washington County | $155,700 | $818 | 84.1% |
| LaSalle County | $161,900 | $928 | 74.4% |
| Lee County | $154,600 | $894 | 73.6% |
Data Source: U.S. Census Bureau, American Community Survey (ACS) 2024 5-Year Estimates (2017–2024). Variables: B25077 (Median Home Value), B25064 (Median Gross Rent), B25003 (Tenure). Data collected on 2026-10-14. The price-to-rent ratio is calculated as Median Home Value ÷ (Median Monthly Rent × 12).