There are currently 40,509 real estate properties in PEORIA, IL, with a median automated valuation model (AVM) price of $96,500.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in PEORIA, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in PEORIA, IL, is $120,763.00, with the most expensive house in PEORIA, IL, topping out at $3,621,900.00 and the cheapest home in PEORIA, IL, clocking in at $12,600.00. In other words, there’s something for every potential homebuyer or savvy investor in PEORIA, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in PEORIA, IL, is on a rollercoaster ride. The average rent price in PEORIA, IL, is $1,151.00. Indeed, when looking to rent in PEORIA, IL, you can expect to pay as little as $500.00 or as much as $3,060.00, with the average rent median estimated to be $1,080.00. The good news is that finding an affordable and desirable property to rent in PEORIA, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.