The housing market in the Peoria, IL Metro Area is an attractive option for potential buyers. The median house value is $139,400, which is approximately 42% less than the US median house value of $338,100. During the last year, the US has seen a house appreciation of 8.27%, while Peoria has experienced an even higher rate of 11.39%. This could indicate that now is a great time to buy in the area as homeowners may be able to secure more equity in their purchase sooner than if they were to buy in other parts of the country.
The median home cost in Peoria Metro Area is $139,400. Home appreciation the last 10 years has been 27.0%. Home Appreciation in Peoria Metro Area is up 10.3%.
Average Age of Homes
- The median age of Peoria Metro Area real estate is 52 years old
The Rental Market in Peoria Metro Area
- Renters make up 26.3% of the Peoria Metro Area population
- 2.1% of houses and apartments in Peoria Metro Area, 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.