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Affordable
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These days, finding an affordable place to live in the Pekin area can be challenging. Home prices in Pekin are now at a median cost of $161,180, lower than the Iowa average of $226,062.
The average cost of rent is $763/mo in Pekin, primarily driven by the current value of real estate in the Pekin area. In Pekin, 10.25% of households rent, and 29.81% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pekin is $4,713 per month. Households that rent pay about 16.19% of their income on rent here. Pekin’s most expensive areas are in the southern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Packwood, IA: equally priced homes
- Maharishi Vedic City, IA: equally priced homes
- Richland, IA: less expensive homes
- Perlee, IA: higher priced homes
- Batavia, IA: higher priced homes
- Ollie, IA: less expensive homes
- Fairfield, IA: equally priced homes
- Veo, IA: higher priced homes
- Rubio, IA: higher priced homes
- Libertyville, IA: equally priced homes
Cities with Similar Populations
- Yagerville, NY: higher priced homes
- Mason, KY: higher priced homes
- Mast Hope, PA: higher priced homes
- Mather, WI: equally priced homes
- Matoy, OK: equally priced homes
- Maxine, AL: higher priced homes
- Maybank, MS: higher priced homes
- Mayburg, PA: less expensive homes
- Mayfield, GA: less expensive homes
- Zoar, IN: higher priced homes
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