House Prices & Home Values Peoria, IL 2026
Average Data
| average house price | $120,628 |
| average size per house | 1831 ft² |
| average price per ft² | 66 $ / ft² |
01/17/2026 -
The value range (VR) for house prices in Peoria, IL is $40/ sqft to $95/ sqft. An average home with 1831 sqft costs approximately $73,240 to $173,945. Peoria, IL includes 9 ZIP codes and it is located in Peoria county.
The lowest prices are found in ZIP 61603, while the highest are in ZIP 61607. The average price per sqare feet is $66. Our analysis is based on 94 property listings.
Avergage prices by ZIP codes Peoria
| 61602 | 98 $ / ft² | | 61603 | 43 $ / ft² | | 61604 | 102 $ / ft² | | 61605 | 49 $ / ft² | | 61606 | 44 $ / ft² | | 61607 | 93 $ / ft² | | 61614 | 83 $ / ft² | | 61615 | 65 $ / ft² | | 61625 | 105 $ / ft² |
Historical development of home values in Peoria
| Year |
Estimated value (USD) |
Change vs. 2025 |
| 2010 |
$56,022 |
-53.6% |
| 2011 |
$53,855 |
-55.4% |
| 2012 |
$53,710 |
-55.5% |
| 2013 |
$55,718 |
-53.8% |
| 2014 |
$58,489 |
-51.5% |
| 2015 |
$61,490 |
-49.0% |
| 2016 |
$64,699 |
-46.4% |
| 2017 |
$68,191 |
-43.5% |
| 2018 |
$71,961 |
-40.3% |
| 2019 |
$75,298 |
-37.6% |
| 2020 |
$79,191 |
-34.4% |
| 2021 |
$90,071 |
-25.3% |
| 2022 |
$105,003 |
-13.0% |
| 2023 |
$110,730 |
-8.2% |
| 2024 |
$117,136 |
-2.9% |
| 2025 |
$120,628 |
0.0% |
Graph: estimated home values in Peoria over time (USD)
Example: 100% financing house in Peoria
Loan amount:
$120,628
Interest rate:
6.00%
Fixed monthly payment:
$723.23
Breakdown in the 1st month:
Interest portion:
$603.14 –
Principal portion:
$120.09
Yearly breakdown (100% financing)
| Year |
Interest per year ($) |
Principal per year ($) |
Remaining balance at year-end ($) |
| 1 |
$7,197.38 |
$1,481.33 |
$119,146.67 |
| 2 |
$7,106.02 |
$1,572.69 |
$117,573.98 |
| 3 |
$7,009.02 |
$1,669.69 |
$115,904.29 |
| 4 |
$6,906.04 |
$1,772.67 |
$114,131.62 |
| 5 |
$6,796.70 |
$1,882.01 |
$112,249.61 |
| 6 |
$6,680.62 |
$1,998.09 |
$110,251.52 |
| 7 |
$6,557.39 |
$2,121.32 |
$108,130.20 |
| 8 |
$6,426.55 |
$2,252.16 |
$105,878.04 |
| 9 |
$6,287.64 |
$2,391.07 |
$103,486.96 |
| 10 |
$6,140.16 |
$2,538.55 |
$100,948.42 |
| 11 |
$5,983.59 |
$2,695.12 |
$98,253.30 |
| 12 |
$5,817.36 |
$2,861.35 |
$95,391.95 |
| 13 |
$5,640.88 |
$3,037.83 |
$92,354.12 |
| 14 |
$5,453.51 |
$3,225.20 |
$89,128.92 |
| 15 |
$5,254.59 |
$3,424.12 |
$85,704.80 |
| 16 |
$5,043.40 |
$3,635.31 |
$82,069.49 |
| 17 |
$4,819.18 |
$3,859.53 |
$78,209.96 |
| 18 |
$4,581.13 |
$4,097.58 |
$74,112.38 |
| 19 |
$4,328.40 |
$4,350.31 |
$69,762.07 |
| 20 |
$4,060.08 |
$4,618.63 |
$65,143.45 |
| 21 |
$3,775.22 |
$4,903.49 |
$60,239.95 |
| 22 |
$3,472.78 |
$5,205.93 |
$55,034.03 |
| 23 |
$3,151.69 |
$5,527.02 |
$49,507.01 |
| 24 |
$2,810.80 |
$5,867.91 |
$43,639.09 |
| 25 |
$2,448.88 |
$6,229.83 |
$37,409.26 |
| 26 |
$2,064.63 |
$6,614.08 |
$30,795.18 |
| 27 |
$1,656.69 |
$7,022.02 |
$23,773.17 |
| 28 |
$1,223.59 |
$7,455.12 |
$16,318.05 |
| 29 |
$763.77 |
$7,914.94 |
$8,403.11 |
| 30 |
$275.60 |
$8,403.11 |
$0.00 |
Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment
over the entire term. Extra payments, interest rate changes, and additional purchase costs
(e.g. taxes, notary fees) are not included.
How to sell in Peoria, IL
| 1500 sqft | 3900 sqft |
| Ø selling price | $119,791 | $254,827 | | Ø fast selling | $108,901 | $229,344 | | Ø high price sale | $130,681 | $280,309 |
In 2026, houses in Peoria, IL will be offered at an average price of $66 per square foot. A 1,500 sqft home priced at $119,791 is 24.03% more expensive per square foot than a 3,900 sqft home priced at $254,827.
Home prices in Peoria, IL vary significantly depending on the neighborhood and location.
For a quick sale, a 2,700 sqft home should be listed at around $176,418.
Sellers who can wait longer may achieve a higher price of up to $215,623.
Discover Peoria, IL
Attractions and Lifestyle
Peoria, IL is a vibrant river city on the Illinois River that blends Midwestern charm with urban amenities.
The Peoria Riverfront anchors downtown with the Peoria Riverfront Museum, festivals, and scenic walking paths.
Visitors seeking things to do in Peoria enjoy the Peoria Civic Center, Wildlife Prairie Park nearby, and the acclaimed Peoria Art Guild Fine Art Fair.
Foodies find a growing craft beer scene and locally owned restaurants in the revitalized Warehouse District.
Outdoor lovers flock to Grandview Drive, often called one of the most beautiful drives in America, for sweeping river vistas.
Economy, Education, and Access
Historically tied to Caterpillar, Peoria, Illinois now boasts a diversified economy in healthcare, manufacturing, logistics, and tech startups.
Major employers like OSF HealthCare Saint Francis Medical Center, UnityPoint Health, and advanced manufacturers support steady Peoria jobs.
Bradley University fuels innovation and energizes student life while partnering with local businesses and cultural institutions.
Residents love the affordable cost of living, family-friendly neighborhoods, and quick commutes that make living in Peoria convenient.
Convenient access via I-74 and the General Wayne A. Downing Peoria International Airport connects the city to Chicago, St. Louis, and beyond.
FAQ – Home Values in Peoria
What is the median home value in Peoria in 2026?
In 2026, the typical home value in
Peoria is about
$120,628 for an average home size of
1831 square feet. This corresponds to an average
price of roughly $66 per square foot.
What is the average cost per square foot in Peoria?
In 2026, homes in
Peoria sell for an average of around
$66 per square foot, with a typical range
between $40 and
$95 per square foot, depending on the property’s
location, condition, and lot size.
What is the average home size in ?
The average home size in Peoria is about
1831 square feet, with an estimated
2026 value around
$120,628.
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