Market Overview
Home Prices in West Peoria, IL
The median home value in West Peoria, IL is $118,750 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 5.7% compared to a year ago and up 2.7% from two years prior.
Compared to the U.S. national median of $410,000, homes in West Peoria are priced71% below average. West Peoria is part of the Peoria, IL metro area.
Over the past five years, West Peoria home values have risen by approximately42.8%, reflecting strong long-term appreciation in this market.
Price History
West Peoria Home Price Trend
City Comparison
West Peoria vs. National Median
At $118,750, homes in West Peoria cost 71% below the national median of $410,000. This makes West Peoria a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in West Peoria?
20% Down Payment
$23,750
on $118,750
Monthly P&I
$619/mo
30-yr @ 6.8%
Total Monthly Est.
~$786/mo
incl. taxes & insurance
Income Needed
$31,440
gross annual (30% rule)
10% Down Option
$11,875
+ PMI applies
Loan Amount (20% dn)
$95,000
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 West Peoria, IL?
The median home value in West Peoria is $118,750 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 5.7% year-over-year.
How much have home prices changed in West Peoria?
Over the past year, home values in West Peoria have increased by 5.7%. Over five years, prices have risen approximately 42.8%.
How much do I need to earn to buy a home in West Peoria?
To comfortably afford the median home price of $118,750 with a 20% down payment ($23,750) at today's rates (6.8%), you'd need a gross annual income of approximately $31,440. This assumes keeping total housing costs at or below 30% of gross income.
How does West Peoria compare to the national average home price?
The national median home value is approximately $410,000. At $118,750, homes in West Peoria are 71% below the national average.
What metro area is West Peoria part of?
West Peoria is part of the Peoria, IL metropolitan area. Home prices and market conditions can vary across the broader metro region.