Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Peoria area can be challenging. Home prices in Peoria are now at a median cost of $327,143, higher than the Arizona average of $274,828.
The average cost of rent is $1,569/mo in Peoria, primarily driven by the current value of real estate in the Peoria area. While nearly 30.77% of residents own their homes outright in Peoria, 22.66% rent.
Housing affordability isn’t just about home prices, though. The average household income in Peoria is $7,623 per month. Households that rent pay about 20.58% of their income on rent here. Peoria's most expensive areas are in the northwestern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Sun City, AZ: less expensive homes
- El Mirage, AZ: less expensive homes
- Youngtown, AZ: less expensive homes
- Glendale, AZ: less expensive homes
- Sun City West, AZ: less expensive homes
- Surprise, AZ: less expensive homes
- Luke Afb, AZ: equally priced homes
- Litchfield Park, AZ: higher priced homes
- Phoenix, AZ: equally priced homes
- Waddell, AZ: equally priced homes
Cities with Similar Populations
- Chula Vista, CA: higher priced homes
- Carson, CA: higher priced homes
- Charleston, WV: less expensive homes
- Chino Hills, CA: higher priced homes
- Carrollton, TX: less expensive homes
- Citrus Heights, CA: equally priced homes
- Cary, NC: higher priced homes
- Chattanooga, TN: less expensive homes
- Cedar Rapids, IA: less expensive homes
- Chico, CA: higher priced homes
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