Safe Rate Local

Peoria

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

Median Home$175,051
Median Rent$992/month
Population365,202
Leading IndustriesPublic Administration · Retail28% public administration
Home Value Growth⬆⬆+16.1% over 2 years
Family-Friendly23% of residentsnear the national average
Homeowners73% of occupied units
NotableAffordable Market$175k median home · lower cost than 88% of the country
Peoria

Explore Peoria

Real local data across mortgage, insurance, natural hazard, and place.

Frequently Asked Questions

What are today's mortgage rates in Peoria?›

Mortgage rates for Peoria are updated daily on Safe Rate using live investor pricing. Rates depend on your credit score, loan type (Conventional, FHA, VA, Jumbo), and down payment. A 30-year fixed rate is the most common product for home purchases.

View current rates for Peoria
What is the median home price in Peoria?›

The median home value in Peoria is $175k. The median monthly rent is $992. Annual property taxes average $4k. 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 16.1% 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 $1,075/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $46k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Peoria is $79k/year.

Calculate your buying power
What industries drive the economy in Peoria?›

The largest employment sectors in Peoria are public administration (28%) and retail (15%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.