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 $144,529, lower than the Indiana average of $175,617.
The average cost of rent is $700/mo in Peoria, primarily driven by the current value of real estate in the Peoria area. While nearly 24.27% of residents own their homes outright in Peoria, 13.96% rent.
Housing affordability isn’t just about home prices, though. The average household income in Peoria is $5,213 per month. Households that rent pay about 13.43% of their income on rent here. Peoria's most expensive areas are in the northwestern regions, while the cheapest areas are in the southeastern parts of the city.
Nearby Cities
- New Santa Fe, IN: less expensive homes
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- Valley Brook, IN: equally priced homes
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- Peru, IN: less expensive homes
- Somerset, IN: less expensive homes
- Amboy, IN: equally priced homes
Cities with Similar Populations
- Hermitage, UT: higher priced homes
- Sugar Grove, AR: less expensive homes
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- Stull, KS: higher priced homes
- Study Butte, TX: equally priced homes
- Strandquist, MN: less expensive homes
- Ilesboro, OH: equally priced homes
- Hysham, MT: higher priced homes
- Huntimer, SD: higher priced homes
- Homeland, FL: equally priced homes
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