Peoria, IL 61602 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Peoria, IL — 61602
Median Listing Price
$155K
Population
1,163
Households
84,930
Median Days on Market
161
Active Listings
8
New Listings
2
Housing Market
Pricing
Median Listing Price
$155K
+23.4% YoY
Average Listing Price
$175K
+19.8% YoY
Price per Sq Ft
$126
+16.1% YoY
Median Sq Ft
1,282
+18.0% YoY
Inventory
Active Listings
8
-65.2% YoY
New Listings
2
-50.0% YoY
Total Listings
13
-48.0% YoY
Buyer Competition
Pending Listings
6
+200.0% YoY
Pending Ratio
0.75
+66.3% YoY
Median Days on Market
161
+105.1% YoY
Price Reduced
7.4%
-29.0% YoY
FY2026 Fair Market Rent — Peoria County
HUD government estimate (40th percentile) — not actual market asking rent.
Studio
$758
/month
1 BR
$818
/month
2 BR
$1,039
/month
3 BR
$1,346
/month
4 BR
$1,449
/month
FMR Trends — Peoria County
Source: HUD Fair Market Rents
Demand Fundamentals
Median Age
38.1
2024
Population
ZIP Population
1,163
+19.0% YoY
Peoria County Population
179,630
+0.5% YoY
Households
Total Housing Units
84,930
-0.1% YoY
Age
2024 Age Mix
180K
residents
Under 18
42,971
23.9%
Adults 18–64
103,861
57.8%
65 & Over
32,813
18.3%
Age Composition Over Time
2017–2024
Population Under 18
42,971
-0.2% YoY
Population 65 & Over
32,813
+1.8% YoY
Median Age
38.10
0.0% YoY
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