Home Price Key
Affordable
Average
Expensive
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 $125,366, lower than the Illinois average of $242,002.
The average cost of rent is $756/mo in Pekin, primarily driven by the current value of real estate in the Pekin area. While nearly 36.95% of residents own their homes outright in Pekin, 31.11% rent.
Housing affordability isn’t just about home prices, though. The average household income in Pekin is $4,668 per month. Households that rent pay about 16.20% of their income on rent here. Pekin's most expensive areas are in the northern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- North Pekin, IL: less expensive homes
- Hollis, IL: higher priced homes
- Pekin Heights, IL: higher priced homes
- Marquette Heights, IL: less expensive homes
- Towne Oaks, IL: higher priced homes
- Tuscarora, IL: equally priced homes
- South Pekin, IL: less expensive homes
- Groveland, IL: higher priced homes
- Creve Coeur, IL: less expensive homes
- Bartonville, IL: equally priced homes
Cities with Similar Populations
- Springville, UT: higher priced homes
- Greeneville, TN: higher priced homes
- Greenfield, IN: higher priced homes
- Harker Heights, TX: higher priced homes
- Havertown, PA: higher priced homes
- Huntington, NY: higher priced homes
- Huntington Station, NY: higher priced homes
- Inman, SC: higher priced homes
- Inver Grove Heights, MN: higher priced homes
- Laramie, WY: higher priced homes
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