The Most Affordable Neighborhoods in West Peoria, IL by Home Value

 

West Peoria, IL Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the West Peoria area can be challenging. Home prices in West Peoria are now at a median cost of $87,520, lower than the Illinois average of $242,002.

The average cost of rent is $907/mo in West Peoria, primarily driven by the current value of real estate in the West Peoria area. While nearly 42.67% of residents own their homes outright in West Peoria, 33.25% rent.

Housing affordability isn’t just about home prices, though. The average household income in West Peoria is $4,146 per month. Households that rent pay about 21.87% of their income on rent here. West Peoria's most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern parts of the city.


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