Market Overview
Home Prices in East Peoria, IL
The median home value in East Peoria, IL is $186,699 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.3% compared to a year ago and up 8.5% from two years prior.
Compared to the U.S. national median of $410,000, homes in East Peoria are priced54% below average. East Peoria is part of the Peoria, IL metro area.
Over the past five years, East Peoria home values have risen by approximately43.0%, reflecting strong long-term appreciation in this market.
Price History
East Peoria Home Price Trend
City Comparison
East Peoria vs. National Median
At $186,699, homes in East Peoria cost 54% below the national median of $410,000. This makes East Peoria a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in East Peoria?
20% Down Payment
$37,340
on $186,699
Monthly P&I
$974/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,237/mo
incl. taxes & insurance
Income Needed
$49,480
gross annual (30% rule)
10% Down Option
$18,670
+ PMI applies
Loan Amount (20% dn)
$149,359
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 East Peoria, IL?
The median home value in East Peoria is $186,699 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.3% year-over-year.
How much have home prices changed in East Peoria?
Over the past year, home values in East Peoria have increased by 9.3%. Over five years, prices have risen approximately 43.0%.
How much do I need to earn to buy a home in East Peoria?
To comfortably afford the median home price of $186,699 with a 20% down payment ($37,340) at today's rates (6.8%), you'd need a gross annual income of approximately $49,480. This assumes keeping total housing costs at or below 30% of gross income.
How does East Peoria compare to the national average home price?
The national median home value is approximately $410,000. At $186,699, homes in East Peoria are 54% below the national average.
What metro area is East Peoria part of?
East Peoria is part of the Peoria, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.