Peoria, IL home prices
Typical home $174,845 · +6.4% in a year · income needed $58,100
The Peoria, IL metro area ranks 741 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +6.4% in a year and +37.1% over five years. With 20% down at 7.11%, the typical home costs about $1,355 a month including 2.24% property tax (Peoria County rate).
Mortgage on the typical Peoria home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $34,969 | $139,876 | $941 | $0 | $414 | $1,355 | $58,100 |
| 10% down | $17,484 | $157,360 | $1,059 | $66 | $414 | $1,538 | $65,900 |
| 5% down | $8,742 | $166,102 | $1,117 | $69 | $414 | $1,601 | $68,600 |
| 3.5% down (FHA) | $6,120 | $171,678 | $1,155 | $77 | $414 | $1,646 | $70,500 |
Assumes a 30-year fixed loan at 7.11%, property tax of 2.24% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Peoria area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Peoria County, IL | $166,288 | +5.8% | 2.24% |
| Tazewell County, IL | $189,622 | +6.5% | 2.11% |
| Woodford County, IL | $235,906 | +8.9% | 2.13% |
| Fulton County, IL | $121,016 | +5.4% | 2.14% |
| Marshall County, IL | $143,851 | +8.1% | 1.94% |
| Stark County, IL | $142,649 | +8.8% | 1.69% |
What can you afford in Illinois on your salary? · Illinois home prices · Salaries in Illinois
Frequently asked questions
How much is a house in Peoria?
The typical home in the Peoria, IL metro area is worth $174,845 (Zillow, September 2026).
What salary do you need to buy a house in Peoria?
About $58,100 a year for the typical home with 20% down at 7.11%.