Market Overview
Home Prices in South Pekin, IL
The median home value in South Pekin, IL is $119,913 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 9.6% compared to a year ago and up 10.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in South Pekin are priced71% below average. South Pekin is part of the Peoria, IL metro area.
Over the past five years, South Pekin home values have risen by approximately47.7%, reflecting strong long-term appreciation in this market.
Price History
South Pekin Home Price Trend
City Comparison
South Pekin vs. National Median
At $119,913, homes in South Pekin cost 71% below the national median of $410,000. This makes South Pekin a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in South Pekin?
20% Down Payment
$23,983
on $119,913
Monthly P&I
$625/mo
30-yr @ 6.8%
Total Monthly Est.
~$794/mo
incl. taxes & insurance
Income Needed
$31,760
gross annual (30% rule)
10% Down Option
$11,991
+ PMI applies
Loan Amount (20% dn)
$95,930
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 South Pekin, IL?
The median home value in South Pekin is $119,913 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 9.6% year-over-year.
How much have home prices changed in South Pekin?
Over the past year, home values in South Pekin have increased by 9.6%. Over five years, prices have risen approximately 47.7%.
How much do I need to earn to buy a home in South Pekin?
To comfortably afford the median home price of $119,913 with a 20% down payment ($23,983) at today's rates (6.8%), you'd need a gross annual income of approximately $31,760. This assumes keeping total housing costs at or below 30% of gross income.
How does South Pekin compare to the national average home price?
The national median home value is approximately $410,000. At $119,913, homes in South Pekin are 71% below the national average.
What metro area is South Pekin part of?
South Pekin is part of the Peoria, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.