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Peoria

Learn about the people, housing, costs and businesses in Peoria, Arizona

Median Home$473,952
Median Rent$2,000/month
Population196,171
Leading IndustriesHealthcare · Transportation · Education13% healthcare
Home Value Growth⬆⬆+11.8% over 2 years
Retirees22% of residentsnear the national average
Homeowners77% of occupied units
NotableHigh Incomes$103k/year · top 16% nationally
Peoria
AZ

Frequently Asked Questions

What are today's mortgage rates in Peoria?

As of today, the 30-year fixed mortgage rate for Peoria is approximately 6.844% (6.878% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Peoria?

The median home value in Peoria is $474k. The median monthly rent is $2,000. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Peoria?

Home values in Peoria have increased 11.8% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Peoria?

Based on a typical all-in ownership cost of $1,674/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $72k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Peoria is $103k/year.

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What industries drive the economy in Peoria?

The largest employment sectors in Peoria are public administration (23%) and healthcare (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.