Peoria, IL 61603 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Peoria, IL — 61603
Market Hotness
49
Hotness Rank
#6,630
Hotness Score
49
Supply Score
48
Demand Score
50
DOM vs US
-1.3%
Faster
Price vs US
13%
Below avg
Median Listing Price
$57K
Population
15,356
Households
84,930
Median Days on Market
52
Active Listings
40
New Listings
20
Housing Market
Pricing
Median Listing Price
$57K
-8.8% YoY
Average Listing Price
$68K
-19.7% YoY
Price per Sq Ft
$50
-0.5% YoY
Median Sq Ft
1,217
+1.8% YoY
Inventory
Active Listings
40
+25.0% YoY
New Listings
20
-9.1% YoY
Total Listings
61
+10.0% YoY
Buyer Competition
Pending Listings
21
-16.3% YoY
Pending Ratio
0.51
-25.3% YoY
Median Days on Market
52
+12.5% YoY
Price Reduced
20.2%
-4.3% 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
15,356
-0.5% 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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