Market Overview
Home Prices in Peoria, AZ
The median home value in Peoria, AZ is $486,091 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 1.3% compared to a year ago and down 3.1% from two years prior.
Compared to the U.S. national median of $410,000, homes in Peoria are priced19% above average. Peoria is part of the Phoenix-Mesa-Chandler, AZ metro area.
Over the past five years, Peoria home values have risen by approximately15.7%, reflecting steady appreciation in this market.
Price History
Peoria Home Price Trend
City Comparison
Peoria vs. National Median
At $486,091, homes in Peoria cost 19% above the national median of $410,000. Buyers in Peoria should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in Peoria?
20% Down Payment
$97,218
on $486,091
Monthly P&I
$2,535/mo
30-yr @ 6.8%
Total Monthly Est.
~$3,219/mo
incl. taxes & insurance
Income Needed
$128,760
gross annual (30% rule)
10% Down Option
$48,609
+ PMI applies
Loan Amount (20% dn)
$388,873
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Peoria, AZ?
The median home value in Peoria is $486,091 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 1.3% year-over-year.
How much have home prices changed in Peoria?
Over the past year, home values in Peoria have decreased by 1.3%. Over five years, prices have risen approximately 15.7%.
How much do I need to earn to buy a home in Peoria?
To comfortably afford the median home price of $486,091 with a 20% down payment ($97,218) at today's rates (6.8%), you'd need a gross annual income of approximately $128,760. This assumes keeping total housing costs at or below 30% of gross income.
How does Peoria compare to the national average home price?
The national median home value is approximately $410,000. At $486,091, homes in Peoria are 19% above the national average.
What metro area is Peoria part of?
Peoria is part of the Phoenix-Mesa-Chandler, AZ metropolitan area. Home prices and market conditions can vary across the broader metro region.