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These days, finding an affordable place to live in the Peoria Heights area can be challenging. Home prices in Peoria Heights are now at a median cost of $134,365, lower than the Illinois average of $300,242.
The average cost of rent is $1,032/mo in Peoria Heights, primarily driven by the current value of real estate in the Peoria Heights area. In Peoria Heights, 31.73% of households rent, and 63.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Peoria Heights is $5,689 per month. Households that rent pay about 18.15% of their income on rent here. Peoria Heights’s most expensive areas are in the northwestern regions, while the cheapest areas are in the western parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Peoria, IL: higher priced homes
- West Peoria, IL: less expensive homes
- Harvard Hills, IL: higher priced homes
- Bay View Gardens, IL: equally priced homes
- East Peoria, IL: higher priced homes
- Mossville, IL: higher priced homes
- Germantown Hills, IL: higher priced homes
- Spring Bay, IL: higher priced homes
- Bellevue, IL: equally priced homes
- Dunlap, IL: higher priced homes
Cities with Similar Populations
- St. John, MO: less expensive homes
- Somerville, TN: higher priced homes
- Southeast Arcadia, FL: higher priced homes
- Southport, NY: less expensive homes
- Sparks Glencoe, MD: higher priced homes
- Sparta, GA: less expensive homes
- Spencer, OK: equally priced homes
- Spring Hope, NC: higher priced homes
- Springville, NY: higher priced homes
- St. Helena, CA: higher priced homes
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