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Example household · $83,730 · same pay · 1 adult

Peoria

Housing in Peoria, IL: Rent, Home Prices & Property Tax

$2,470 left/mo

$913/mo (1 bd) in Peoria. Median home $160,500. Property tax 2.16%.

Pick a home cityHow we figure this
Rent (1-bedroom)
$913
/mo
Buy
$1,311
Mortgage, tax, insurance
Buying costs more
$398
/mo

To buy

  • 20% down payment$32,100
  • Mortgage at 7.24%$875
  • Property tax (2.16% of value)$289/mo · $3,467/yr
  • Insurance and upkeep$147
  • Monthly total$1,311

Months to 20% down

$2,470 left each month. About 13 months (1.1 years) to save $32,100.

Rent is Zillow asking rent. The price is the Census median home value. The mortgage is a 30-year fixed at 7.24%, the Freddie Mac PMMS average for the week of Oct 29, 2026, with 20% down.

Guide: state tax and rent when you compare cities

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