Peoria, IL 61606 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
Demand Fundamentals
Peoria, IL — 61606
Market Hotness
88
Hotness Rank
#1,012
Hotness Score
88
Supply Score
90
Demand Score
85
DOM vs US
-23.3%
Faster
Price vs US
39%
Below avg
Median Listing Price
$166K
Population
6,684
Households
84,930
Median Days on Market
30
Active Listings
15
New Listings
4
Housing Market
Pricing
Median Listing Price
$166K
-7.6% YoY
Average Listing Price
$183K
-11.7% YoY
Price per Sq Ft
$77
-6.8% YoY
Median Sq Ft
1,907
+3.5% YoY
Inventory
Active Listings
15
+50.0% YoY
New Listings
4
0.0% YoY
Total Listings
20
+29.0% YoY
Buyer Competition
Pending Listings
5
-9.1% YoY
Pending Ratio
0.33
-21.7% YoY
Median Days on Market
30
-36.7% YoY
Price Reduced
10.0%
-0.5% 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
6,684
-4.2% 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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