East Peoria, IL
APPRECIATION RATE TRENDS AND HOUSING MARKET DATA




Highest
Lowest

Highest Appreciating East Peoria Neighborhoods Since 2000




East Peoria, IL Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q1 2017. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2015 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more

East Peoria Housing Market Information

With a population of 23,080, 9,729 total housing units (homes and apartments), and a median house value of $126,902, house prices in East Peoria are solidly below the national average.

Single-family detached homes are the single most common housing type in East Peoria, accounting for 81.71% of the city's housing units. Other types of housing that are prevalent in East Peoria include large apartment complexes or high rise apartments ( 10.95%), duplexes, homes converted to apartments or other small apartment buildings ( 4.94%), and a few row houses and other attached homes ( 1.75%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in East Peoria. Owner-occupied housing accounts for 75.17% of East Peoria's homes, and 61.79% have either three or four bedrooms, which is average sized relative to America.

At the end of World War II, American soldiers returned home triumphant and, with the help of the GI Bill, built homes by the millions on the edges of America's cities. These homes were predominantly capes and ranches, modest in size, but built to house a growing middle-class as the 20th century became the American century. East Peoria's housing was primarily built during this period, from the '40s through the '60s. A full 43.88% of the city's housing hails from this era. Other housing ages represented in East Peoria include homes built between 1970-1999 ( 30.14%) and housing constructed before 1939 ( 16.11%). There's also some housing in East Peoria built between 2000 and later ( 9.86%).

East Peoria Home Appreciation Rates

Real estate appreciation rates in East Peoria's have tracked to near the national average over the last then years, with the annual appreciation rate averaging -0.01% during the period.

Over the last year, East Peoria appreciation rates have trailed the rest of the nation. In the last twelve months, East Peoria's appreciation rate has been 0.37%, which is lower than appreciation rates in most communities in America. In the latest quarter, NeighborhoodScout's data show that house appreciation rates in East Peoria were at -1.28%, which equates to an annual appreciation rate of -5.02%.

Notably, East Peoria's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Illinois, our data show that East Peoria's latest annual appreciation rate is lower than 80% of the other cities and towns in Illinois.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within East Peoria differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in East Peoria - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best East Peoria real estate investment or home purchase decisions.

Average Home Values

 

Median Home Value:
$126,902

East Peoria, IL HOME PRICES

Value Range
> $1,012,000 0.2
$759,001 - $1,012,000 0.0
$506,001 - $759,000 0.2
$405,001 - $506,000 0.7
$304,001 - $405,000 4.3
$203,001 - $304,000 13.0
$101,001 - $203,000 48.9
$51,001 - $101,000 28.3
$0 - $51,000 4.3

Average for IL
Low for Nation

Value Relative to Nation Value Relative to State
61.4438063986875 52.1518987341772

Number Of Homes And Apartments:
9,729

East Peoria Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
IL*
Compared To
America*
Latest Quarter:
2016 Q4 - 2017 Q1
Last 12 Months:
2016 Q1 - 2017 Q1
Last 2 Years:
2015 Q1 - 2017 Q1
Last 5 Years:
2012 Q1 - 2017 Q1
Last 10 Years:
2007 Q1 - 2017 Q1
Since 2000:
2000 Q1 - 2017 Q1
22.25% 1.17% 5 2
* 10 is highest

Rent & Ownership

 

Average Market Rent:
$779 / per month

Homeownership Rate

Homeownership
Owners 75.17
Renters 24.83
Vacant 6.51

Housing Market Details

 

Age of Homes

AGE OF East Peoria HOMES
2000 or Newer 9.9
1970 - 1999 30.1
1940 - 1969 43.9
1939 or Older 16.1

Types of Homes

TYPE OF East Peoria HOMES
Single-Family 81.7
Townhomes 1.7
Small Apt. Buildings 4.9
Apt. Complexes 11.0
Mobile Homes 0.6
Other 0.0

Home Size

SIZE OF East Peoria HOMES
No Bedroom 2.24
1 Bedroom 10.58
2 Bedrooms 23.21
3 Bedrooms 47.53
4 Bedrooms 14.26
5 or more bedrooms 2.19