\nThe housing market in West Peoria, IL is doing well and has seen a significant surge in appreciation over the past year. The median value of homes in West Peoria, IL stands at $85,900 which is considerably lower than the US national median of $338,100. The appreciation rate for homes in West Peoria, IL is 11.29% over the past year whereas the appreciation rate for US homes overall is 8.27%. This indicates that people are investing in property in West Peoria as it offers them a great return on their investment.
The median home cost in West Peoria is $85,900. Home appreciation the last 10 years has been 25.3%. Home Appreciation in West Peoria is up 13.3%.
Average Age of Homes
- The median age of West Peoria real estate is 72 years old
The Rental Market in West Peoria
- Renters make up 18.5% of the West Peoria population
- 5.0% of houses and apartments in West 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.