Peoria housing market: home prices, trends and forecast
Peoria home prices: the Zillow Home Value Index placed the typical home in Peoria, Illinois at $136,279 in September 2026, up 5.2% from a year earlier and at a record monthly high.
- Value of a typical home
- $136,279September 2026, Zillow ZHVI
- Change over 12 months
- +5.2%. Change since September 2025.
Peoria home prices since 2000
Peoria is the steel line, and the United States is the grey line. From April 2002 the typical Peoria home has moved from $78,839 to $136,279, ×1.73, while the US recorded ×2.58 over those months. The boom reached $94,371 in November 2007, while the low was $85,320 in March 2013, −9.6%.
Peoria's median home price each year
Each yearly figure averages the twelve monthly values; 2026 covers the latest month.
| Year | Peoria | Change on the year | United States |
|---|---|---|---|
| 2003 | $81,144 | $155,308 | |
| 2004 | $83,087 | +2.4% | $169,891 |
| 2005 | $87,063 | +4.8% | $189,732 |
| 2006 | $91,123 | +4.7% | $206,531 |
| 2007 | $93,899 | +3.0% | $208,449 |
| 2008 | $93,445 | −0.5% | $195,574 |
| 2009 | $91,356 | −2.2% | $177,542 |
| 2010 | $89,884 | −1.6% | $171,462 |
| 2011 | $88,172 | −1.9% | $162,508 |
| 2012 | $86,280 | −2.1% | $161,137 |
| 2013 | $85,772 | −0.6% | $171,420 |
| 2014 | $85,653 | −0.1% | $182,996 |
| 2015 | $85,194 | −0.5% | $192,738 |
| 2016 | $85,853 | +0.8% | $204,509 |
| 2017 | $84,496 | −1.6% | $216,767 |
| 2018 | $83,853 | −0.8% | $230,541 |
| 2019 | $82,526 | −1.6% | $242,088 |
| 2020 | $84,239 | +2.1% | $257,151 |
| 2021 | $93,187 | +10.6% | $295,959 |
| 2022 | $103,259 | +10.8% | $340,014 |
| 2023 | $108,369 | +4.9% | $348,160 |
| 2024 | $118,337 | +9.2% | $359,751 |
| 2025 | $127,609 | +7.8% | $362,959 |
| September 2026 | $136,279 | +5.2% | $366,157 |
What a home bought in Peoria in any year is worth now
This index-based estimate for a typical home is not an appraisal.
A yearly figure averages the twelve monthly index values for that year; September 2026 provides the current value. Other resources include a home appreciation calculator.
Are you thinking of selling? Use Realtor.com to compare agents serving your area. Links of this kind may earn the site payment, as stated in the advertising disclosure; no number is affected.
Peoria housing market forecast
Over the 12 months starting September 2026, Zillow's forecast puts the Peoria, IL metro at +4.7%. Its estimate for the next three months is +1.5%. With Peoria's typical value at $136,279, the forecast points to a figure near $142,700 a year from now.
Here, the forecast repeats Zillow's central estimate for the metro, while the site does not publish one of its own. Forecasts like this 12-month forecast have usually differed from the realized change by several percentage points, either upward or downward. This is not investment advice.
All metro forecasts appear together in one table: housing market forecast.
Peoria housing market crash risk score
Low: 2 of 100
Peoria is ranked against 292 cities using five conditions that were high before earlier price falls. Each input is set from 0 to 100 by comparison with the other cities, and the five scores are averaged with equal weight. It shows conditions as they are now; it does not predict a crash.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | −69.8% | 1 | 20% |
| Time on the market vs 2019 | −45.3% | 1 | 20% |
| Price-to-rent ratio | 9.2 | 2 | 20% |
| Price-to-income ratio | 2.1 | 1 | 20% |
| 12-month price change | +5.2% | 6 | 20% |
Nothing here is investment advice. How the inputs are scored: scoring methodology. All 292 cities ranked: crash risk ranking.
Peoria inventory and days on market
In September 2026 the Peoria, IL metro counted 658 homes for sale, up +11.9% from the prior year and down 69.8% from September 2019. Homes typically sold in a median of 35 days, which was 45.3% below 2019, and 20.4% of listings had price cuts.
| Peoria, IL metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 658 | +11.9% |
| New listings | 468 | |
| Median days on market | 35 | −10.3% |
| Median list price | $179,300 | −0.4% |
| Share with a price cut | 20.4% |
Source: Realtor.com data, metro inventory from Realtor.com® Economic Research. The days on market by city page covers every metro.
Peoria rent and living costs
Peoria's typical monthly asking rent is $1,240, according to the Zillow Observed Rent Index, up 4.0% over a year. A typical home equals 9.2 years of that rent. A typical home costs 2.1 times a year's income, based on median household income of $65,078 (Census ACS 2024). According to BEA, metro prices stand at 91.2 compared with a US average of 100, while the housing-cost figure is 63.8.
Other housing markets in Illinois
- Chicago housing market $334,108.
- Naperville housing market $618,458.
- Rockford housing market $185,067.
State overview: Illinois housing market.
How to read the chart
Each point represents the Zillow Home Value Index for Peoria: a typical home's value in the middle third of the market, in that month's dollars, smoothed and seasonally adjusted. A hollow dot identifies the selected month on the slider. A terracotta dot shows the most recent month. These numbers do not account for inflation. An index follows a typical home rather than one specific house, so use the card above or the home appreciation calculator to find a single home's value from its sale price.