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Real Estate Prices & Overview

South Peoria median real estate price is $22,931, which is less expensive than 99.7% of Illinois neighborhoods and 99.8% of all U.S. neighborhoods.

The average rental price in South Peoria is currently $1,236, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 78.0% of Illinois neighborhoods.

South Peoria is a suburban neighborhood (based on population density) located in Peoria, Illinois.

South Peoria real estate is primarily made up of small (studio to two bedroom) to medium sized (three or four bedroom) single-family homes and mobile homes. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the South Peoria neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1940 and 1969.

Vacant apartments or homes are a major fact of life in South Peoria. The current real estate vacancy rate here is 36.9%. This is higher than the rate of vacancies in 96.9% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Peoria, the South Peoria neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

Occupations

From major sales accounts to fast-food workers, sales and service employees are often the backbone of the local economy. In the South Peoria neighborhood, they truly stand out. NeighborhoodScout's exclusive analysis identifies this neighborhood as having a higher percentage of sales and service workers than 98.9% of all American neighborhoods.

People

South Peoria has the amazing distinction of housing more same sex couples living together than 97.7% of neighborhoods in the U.S. If you are seeking such a neighborhood, NeighborhoodScout's analysis shows that this is one place that you should consider.

In addition, the South Peoria neighborhood is unique for having just 6.2% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 96.1% of America's neighborhoods.

Real Estate

Vacant homes and apartments are a significant characteristic of this neighborhood. In fact, with 36.9% of the residential real estate vacant, the South Peoria neighborhood claims the distinction of having a higher vacancy rate than 96.9% of the neighborhoods in America. This can either be because much of the property is seasonally occupied, like in many vacation areas, or that much of the real estate is more permanently abandoned.

In addition, if you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 70.9% of the residential real estate in the South Peoria neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 98.7% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the South Peoria neighborhood in Peoria are lower-middle income, making it a below average income neighborhood. NeighborhoodScout's research shows that this neighborhood has an income lower than 79.4% of U.S. neighborhoods. With 20.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 69.3% of U.S. neighborhoods.

The old saying "you are what you eat" is true. But it is also true that you are what you do for a living. The types of occupations your neighbors have shape their character, and together as a group, their collective occupations shape the culture of a place.

In the South Peoria neighborhood, 46.6% of the working population is employed in sales and service jobs, from major sales accounts, to working in fast food restaurants. The second most important occupational group in this neighborhood is clerical, assistant, and tech support occupations, with 20.8% of the residents employed. Other residents here are employed in manufacturing and laborer occupations (19.6%), and 12.9% in executive, management, and professional occupations.

Languages

The most common language spoken in the South Peoria neighborhood is English, spoken by 87.1% of households. Some people also speak Spanish (12.9%).

Ethnicity / Ancestry

Boston's Beacon Hill blue-blood streets, Brooklyn's Orthodox Jewish enclaves, Los Angeles' Persian neighborhoods. Each has its own culture derived primarily from the ancestries and culture of the residents who call these neighborhoods home. Likewise, each neighborhood in America has its own culture – some more unique than others – based on lifestyle, occupations, the types of households – and importantly – on the ethnicities and ancestries of the people who live in the neighborhood. Understanding where people came from, who their grandparents or great-grandparents were, can help you understand how a neighborhood is today.

In the South Peoria neighborhood in Peoria, IL, residents most commonly identify their ethnicity or ancestry as German (18.7%). There are also a number of people of English ancestry (7.0%), and residents who report Irish roots (4.0%), and some of the residents are also of Scottish ancestry (1.6%), along with some French ancestry residents (1.5%), among others.

Getting to Work

How you get to work – car, bus, train or other means – and how much of your day it takes to do so is a large quality of life and financial issue. Especially with gasoline prices rising and expected to continue doing so, the length and means of one's commute can be a financial burden. Some neighborhoods are physically located so that many residents have to drive in their own car, others are set up so many walk to work, or can take a train, bus, or bike. The greatest number of commuters in South Peoria neighborhood spend between 15 and 30 minutes commuting one-way to work (67.1% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (82.3%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (14.0%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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