Written by Bryce Ashley, Broker
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Home values reviewed quarterly, demographic and school data
annually. Next review: 1 December 2026
Peoria is the largest city in this series, and its prices vary widely from one part of town to another. Zillow puts the typical home value for the whole city at $138,052, but by ZIP code it runs from about $41,000 to about $256,000 [2]. The city-wide average tells a buyer or seller very little on its own. Below are the published figures as of our last update, the month each one describes, where it comes from, and what it means for your part of town.
Zillow's index shows Peoria home values rising slowly and steadily. The typical home value for the city was $138,052 in August 2026, up 5.6% from $130,751 a year earlier [1]. The index moves very little from month to month: $136,538 in February, $137,367 in July.
Sale prices are noisier. In May 2026, Redfin put the city's median sale price at $173,700, 5.3% higher than a year earlier. The monthly median was $145,900 in March and $135,000 in April, and it was below the same month a year earlier in August, November and December 2025 and in April 2026 [3]. For Peoria County as a whole, BlockShopper counted 316 sales in August 2026 at a median of $159,500, up 6.3% on August 2025 [6].
Across the wider area, the Peoria Area Association of Realtors (PAAR) reported 1,723 homes sold from April to June 2026, up 14.6% on the same quarter a year earlier. The average sale price was $219,865, up 8% from $203,606 [5]. Regional inventory was more than 40% higher than a year earlier [4], so buyers have more homes to choose from than they did in 2025.
In May 2026, the city had 1.7 months of supply, a median of 15 days on market and an average sale-to-list ratio of 99.8%. May is a busy month: the median was 28 days on market in April and 49 in February. Even in May, 28% of listings took a price cut [3]. PAAR president Leslie Rothan put it this way: "A home that is priced well for its location in good condition will still sell quickly" [4].
| Measure | City of Peoria | Wider area |
|---|---|---|
| Typical home value (Zillow, Aug 2026) | $138,052 | n/a |
| Median sale price | $173,700 (Redfin, May 2026) | $159,500 (Peoria County, Aug 2026) |
| Average sale price, Q2 2026 | n/a | $219,865 (PAAR) |
| Homes sold | 151 (Redfin, May 2026) | 1,723 (PAAR, Q2 2026) |
| Days on market | 15, median (Redfin, May 2026) | 39, average (PAAR, mid-2026) |
| Months of supply | 1.7 (Redfin, May 2026) | n/a |
Your ZIP code affects price more than the city average does. Zillow's typical values for August 2026 range from $256,103 in 61615 to $41,382 in 61605 [2]. Five of the seven Peoria ZIP codes Zillow tracks rose over the year. 61606 slipped 2.1%, and 61602, the downtown ZIP code of City Hall and the Peoria County Courthouse [13], fell 16.7%. Treat the 61602 figure with caution: an index built on a small downtown ZIP code can swing sharply from year to year.
A Peoria mailing address does not always mean the City of Peoria. Zillow assigns 61607 to Bartonville, 61610 to Creve Coeur, 61611 to East Peoria and 61616 to Peoria Heights [2]. Before comparing taxes and services, check which municipality a property is actually in.
| ZIP code | Typical value, Aug 2026 | Change vs Aug 2025 |
|---|---|---|
| 61615 | $256,103 | +6.9% |
| 61614 | $206,464 | +6.0% |
| 61606 | $126,296 | −2.1% |
| 61602 (downtown; volatile) | $118,857 | −16.7% |
| 61604 | $115,635 | +6.5% |
| 61603 | $67,626 | +10.1% |
| 61605 | $41,382 | +5.3% |
Peoria Public Schools District 150 is the largest district in the city and serves the majority of it. Parts of Peoria are served instead by Dunlap CUSD 323, Pleasant Valley SD 62, Limestone Community High School District 310, Peoria Heights CUSD 325 and Illinois Valley Central USD 321 [8].
District 150 served more than 12,000 students in the 2024 to 2025 school year. Its high schools are Manual, Peoria and Richwoods, along with Glen Barton (alternative education), the Knoxville Center for Student Success and the Woodruff Career & Technical Center [9].
School assignment depends on the exact address, not the ZIP code or the mailing city. We confirm the assigned schools for every property before you write an offer. For test results and other school data, the Illinois State Board of Education publishes a report card for every public school and district [10].
Peoria is the seat of Peoria County, on the Illinois River. It had 113,150 residents at the 2020 census, which made it the eighth-most populous city in Illinois [8]. The average commute is 17.9 minutes, and the homeownership rate is 57.5% [7].
Wikipedia, citing the City of Peoria's 2023 Annual Comprehensive Financial Report, lists OSF Saint Francis Medical Center as the largest employer, followed by Caterpillar and Carle Health. Caterpillar's headquarters has moved out of Peoria, first to Deerfield, Illinois, and in 2022 to Irving, Texas [8].
Peoria International Airport serves 13 destinations on three airlines: Allegiant, American and United [11].
| Largest employers (City's 2023 financial report, via Wikipedia) | Employees |
|---|---|
| OSF Saint Francis Medical Center | 13,500 |
| Caterpillar Inc. | 12,000 |
| Carle Health | 4,991 |
| Peoria Public Schools District 150 | 2,668 |
| Bradley University | 1,300 |
It depends on the measure. Zillow's typical home value for the city was $138,052 in August 2026, up 5.6% in a year [1]. Redfin's median sale price for the city was $173,700 in May 2026, up 5.3% year over year, though that monthly figure swings a lot: it was $135,000 in April [3]. Across the wider area, PAAR reported an average sale price of $219,865 for Q2 2026 [5]. Values also vary widely by ZIP code: about $256,000 in 61615, about $206,000 in 61614 and about $68,000 in 61603 [2].
It depends on the season. In the city, the median home sold after 15 days on market in May 2026, but after 28 days in April and 49 in February [3]. Across the wider area, PAAR reported an average of 39 days on market in mid-2026, up from 20 two years earlier [5]. The two figures measure different things. A median is pulled down by well-priced homes that sell quickly, while an average also counts the slow listings.
Sales are up. PAAR counted 1,723 area sales in Q2 2026, 14.6% more than a year earlier [5]. But inventory was more than 40% higher, so buyers have more choice. PAAR's president described the shift as "a market where sellers can still sell, and buyers can buy without as much competition" [4]. In the city, 28% of listings took a price cut in May 2026 [3], so the first list price matters. We can walk you through what is selling on your street.
The City of Peoria charges a real estate transfer tax of $2.50 for each $1,000 of value, under Ordinance 11,912 (1989). It is paid to the Peoria County Recorder [13]. Illinois also taxes real estate transfers, and counties may add 25 cents per $500 of value [14]. Ask your attorney or title company to confirm the current state rate and which party pays under your contract.
Most of the city is served by Peoria Public Schools District 150, the largest district in Peoria. Parts of the city are served by Dunlap CUSD 323, Pleasant Valley SD 62, Limestone Community High School District 310, Peoria Heights CUSD 325 or Illinois Valley Central USD 321 [8]. Assignment depends on the exact address, so we confirm it for every property before you write an offer. The Illinois State Board of Education publishes a report card for every public school and district [10].
Peoria has 112,169 residents, a median household income of $59,410 and an average commute of 17.9 minutes [7]. It is the county seat, on the Illinois River, and its largest employers include OSF Saint Francis Medical Center, Caterpillar and Carle Health [8]. The park district calls itself Illinois' largest and oldest [15]. It runs Glen Oak Park, home to the Peoria Zoo [16], and Grand View Drive, a bluff-top parkway through Peoria and Peoria Heights [19]. Housing ranges from typical values near $41,000 to near $256,000 depending on ZIP code [2], so what you get for your money depends heavily on the part of town.
The Ashley Home Team (Bryce Ashley, Illinois license 475.182580, at eXp Realty) has its office at 114 W Stratford Dr in Peoria (61614) and can be reached at 309-397-6982. You can confirm any agent's Illinois license with the IDFPR License Lookup [12]. In Peoria, typical values range from under $70,000 in 61603 to over $250,000 in 61615 [2], so ask any agent for recent sales in your own ZIP code rather than city-wide averages.
Bryce Ashley has 24 closed transactions in Peoria since 2021, per his public Zillow sales history, counting only homes inside city limits (US Census geocoder)[25] (as of September 2026).
Sales at Peoria mailing addresses outside the city limits are not counted.
The specific spots residents mention when they describe living in Peoria. Each one is sourced; none is a paid listing.
Search every active Peoria listing on the MLS: current prices, recent reductions and open houses.
Search Peoria listingsOpens the searchable MLS feed on eXp Realty.
