East Peoria, IL is a great place to buy a home due to its reasonably priced housing median value of $149,800. This is significantly lower than the US House Median Value of $338,100 and provides an opportunity for potential homeowners to save money. The city also has seen an appreciation in house values of 10.60% over the last year, which is higher than the US 1 year House Appreciation rate of 8.27%. This suggests that East Peoria homes will continue to appreciate in value, providing potential homebuyers with an excellent opportunity to invest in promising real estate.
The median home cost in East Peoria is $149,800. Home appreciation the last 10 years has been 25.5%. Home Appreciation in East Peoria is up 12.2%.
Average Age of Homes
- The median age of East Peoria real estate is 54 years old
The Rental Market in East Peoria
- Renters make up 24.3% of the East Peoria population
- 3.2% of houses and apartments in East Peoria, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.