Land and home values in Peoria, IL
Peoria is a city in Peoria County, Illinois, home to about 112,169 people. Residential land runs about $2.92 per sq ft, the typical home is worth about $186,000, and a 2-bedroom rents for about $1,060 a month, as of October 12, 2026.
Open on the satellite mapAsk us on WhatsAppValues in Peoria
| Land: residential | $2.92 | per sq ft |
| Land: residential | $127,108 | per acre |
| Land: quarter-acre lot | $31,777 | 10,890 sq ft |
| Home: typical (median) | $186,000 | value |
| Home: entry-level | $140,000 | lower quartile |
| Home: upper-end | $228,000 | upper quartile |
| Build new | $194 | per sq ft, no land |
| Rent: 1-bedroom | $833 | per month |
| Rent: 2-bedroom | $1,060 | per month |
| Rent: 3-bedroom | $1,370 | per month |
| Rent: 4-bedroom | $1,480 | per month |
| Gross yield, 2-bed | 6.8% | a year |
ZIP codes
Questions people ask
How much is land worth in Peoria, IL?
Residential land in Peoria, IL is about $2.92 per square foot, or $127,108 an acre, as of October 2026. A quarter-acre lot (10,890 sq ft) is about $31,777. Smaller lots sell for more per square foot and large tracts for less.
What is the typical home value in Peoria, IL?
The typical (median) home in Peoria, IL is worth about $186,000, with entry-level homes around $140,000 and upper-end homes around $228,000, as of October 2026.
How much is rent in Peoria, IL?
A 2-bedroom rents for about $1,060 a month in Peoria, IL, a 1-bedroom about $833 and a 3-bedroom about $1,370 (gross rent including utilities, HUD Fair Market Rent basis).
Is this an appraisal?
No. Indicative values for screening, budgeting and negotiation, not an appraisal. For lending, a tax appeal or legal use, hire a state-licensed or certified appraiser.