Market Overview
Home Prices in Peoria Heights, IL
The median home value in Peoria Heights, IL is $124,157 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.3% compared to a year ago and up 8.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Peoria Heights are priced70% below average. Peoria Heights is part of the Peoria, IL metro area.
Over the past five years, Peoria Heights home values have risen by approximately51.1%, reflecting strong long-term appreciation in this market.
Price History
Peoria Heights Home Price Trend
City Comparison
Peoria Heights vs. National Median
At $124,157, homes in Peoria Heights cost 70% below the national median of $410,000. This makes Peoria Heights a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Peoria Heights?
20% Down Payment
$24,831
on $124,157
Monthly P&I
$648/mo
30-yr @ 6.8%
Total Monthly Est.
~$823/mo
incl. taxes & insurance
Income Needed
$32,920
gross annual (30% rule)
10% Down Option
$12,416
+ PMI applies
Loan Amount (20% dn)
$99,326
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 Heights, IL?
The median home value in Peoria Heights is $124,157 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.3% year-over-year.
How much have home prices changed in Peoria Heights?
Over the past year, home values in Peoria Heights have increased by 6.3%. Over five years, prices have risen approximately 51.1%.
How much do I need to earn to buy a home in Peoria Heights?
To comfortably afford the median home price of $124,157 with a 20% down payment ($24,831) at today's rates (6.8%), you'd need a gross annual income of approximately $32,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Peoria Heights compare to the national average home price?
The national median home value is approximately $410,000. At $124,157, homes in Peoria Heights are 70% below the national average.
What metro area is Peoria Heights part of?
Peoria Heights is part of the Peoria, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.