Peoria, IL Real Estate

According to census data in the year 2000 there were 49,042 housing units in Peoria. This represents a 1.6% growth from 48,260 in 1990.

Of those housing units, 48,996 were located in either urbanized areas or urban clusters, and 46 were located in what is classified as a rural area.

Homeownership rate in Peoria is about 59.9%. Peoria's vacancy rate, including seasonal lodging, is about 8%. Average household size is 2.38 people.

The majority of houses, apartments or condos in Peoria were built after 1959.


Housing Size

Housing Units by Size
Studio Type1.60%
One Bedroom15.90%
Two Bedrooms32.80%
Three Bedrooms33.30%
Four Bedrooms13.80%
Five Bedrooms or more2.60%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.47
Median year structure was built1956
Median Value of occupied units$85,400
Median Price asked for vacant units$50,100

Rented Homes, Apartments and Condos

Average Household Size2.24
Median year structure was built1965
Median Monthly Rent asked for vacant units$419

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.30%
Second Mortgage5.60%
Home Equity Loan10%
Simple Mortgage49.30%
Debt Free34.80%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.8%