Peoria, IL 61604 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Peoria, IL — 61604
Market Hotness
68
Hotness Rank
#3,576
Hotness Score
68
Supply Score
61
Demand Score
75
DOM vs US
-8.0%
Faster
Price vs US
26%
Below avg
Median Listing Price
$113K
Population
28,313
Households
84,930
Median Days on Market
45
Active Listings
56
New Listings
46
Housing Market
Pricing
Median Listing Price
$113K
+22.1% YoY
Average Listing Price
$127K
+17.3% YoY
Price per Sq Ft
$80
+4.2% YoY
Median Sq Ft
1,378
+14.7% YoY
Inventory
Active Listings
56
+45.5% YoY
New Listings
46
-8.0% YoY
Total Listings
112
+33.5% YoY
Buyer Competition
Pending Listings
57
+24.2% YoY
Pending Ratio
1.01
-17.3% YoY
Median Days on Market
45
+21.6% YoY
Price Reduced
15.7%
+4.0% 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
28,313
+2.9% 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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