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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 $524,634, higher than the Oregon average of $502,078.
The average cost of rent is $1,257/mo in Peoria, primarily driven by the current value of real estate in the Peoria area. In Peoria, 17.10% of households rent, and 56.53% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Peoria is $11,644 per month. Households that rent pay about 10.80% of their income on rent here. Peoria’s most expensive areas are in the northwestern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Oakville, OR: less expensive homes
- Shedd, OR: less expensive homes
- Halsey, OR: less expensive homes
- Miller, OR: equally priced homes
- Bellfountain, OR: equally priced homes
- Orleans, OR: less expensive homes
- Monroe, OR: less expensive homes
- Corvallis, OR: equally priced homes
- Philomath, OR: less expensive homes
- Tangent, OR: less expensive homes
Cities with Similar Populations
- Stapleton, VA: less expensive homes
- St. James, IN: less expensive homes
- St. Olaf, IA: less expensive homes
- Stage Junction, VA: less expensive homes
- Stalwart, MI: less expensive homes
- Standing Rock, AL: less expensive homes
- Stanley, ID: equally priced homes
- Stanley, OK: less expensive homes
- Stansbury Park, UT: higher priced homes
- Kyger, OH: less expensive homes
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