Metropolitan Area

Peoria, IL

Illinois0
79
/100
Strong Buy
#24 of 894 metros
Top 3% nationally for investing

Market Snapshot

$172,742
Median Home Price
32% below national median
$1,179/mo
Median Rent
15% below national median
8.19%
Rent-to-Price Ratio
Top 9% nationally
-$139
Est. Monthly Cash Flow
With 20% down at 6.9% rate

Price History

Median Home Price

Median Rent

Trend based on YoY growth rate. Source: Zillow ZHVI/ZORI

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20%
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Purchase

Purchase Price$172,742
Down Payment (20%)$34,548
Loan Amount$138,194
Interest Rate6.85%

Monthly Cash Flow

Gross Rent+$1,179
Monthly P&I-$906
Est. Expenses (35%)-$413
Net Cash Flow-$140/mo
5.3%
Cap Rate (all cash)
-4.2%
Cash-on-Cash Return
8.19%
Rent-to-Price Ratio
Negative leverage: At 6.85% rates, borrowing costs exceed the 5.3% cap rate. All-cash buyers may see better returns.

* Based on metro-wide median values. 35% expenses include taxes, insurance, maintenance, vacancy, and property management. Individual counties and properties vary significantly.

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Score Breakdown

Overall Investment Score
79/100
79
Cash Flow(30%)
82/100

Based on 8.19% rent-to-price ratio. Higher ratios indicate stronger cash flow potential.

Appreciation(25%)
94/100

Based on 8.0% YoY price growth. Moderate growth (3-8%) scores highest.

Stability(25%)
50/100

Based on 0.0% population growth. Growing areas indicate economic stability.

Affordability(20%)
93/100

Based on price relative to estimated local incomes.

Scores are calculated using real Zillow metro-level home value and rent data, Census population data, and economic indicators. The weighted average produces the overall investment score. This metro score represents area-wide averages; individual counties may vary significantly.

Investment Outlook

Strengths

  • +Above-average rent-to-price ratio (8.19%)
  • +Strong price appreciation (+8.0% YoY)
  • +Affordable relative to local incomes
  • +Low unemployment (0.0%)

Challenges

  • -Negative leverage (cap rate 5.3% < mortgage rate 6.9%)

Counties in Peoria, IL

County data is being compiled for this metro area.

Compare to Similar Metros

Metro AreaVerdict
Coffeyville, KS
Coffeyville, KS
85$101,366$86210.20%Strong BuyView
Roanoke Rapids, NC
Roanoke Rapids, NC
84$107,523$1,07712.02%Strong BuyView
Blytheville, AR
Blytheville, AR
84$115,156$1,06411.08%Strong BuyView
Houghton, MI
Houghton, MI
83$194,696$1,73310.68%Strong BuyView
Enid, OK
Enid, OK
83$144,157$1,25010.40%Strong BuyView
Current
Peoria, IL
79$172,742$1,1798.19%Strong Buy

Rent vs buy in this metro

Rent vs buy in Peoria, ILMedian $154,382 · rent $1,168/mo

The Bottom Line

Strong BuyPeoria, IL is a strong buy market with excellent fundamentals for buy-and-hold investors.

The Peoria, IL metro area scores 79/100, ranking #24 of 894 US metros (top 3%). The 8.19% rent-to-price ratio exceeds the 1% rule target, suggesting strong cash flow potential across the metro.

Monthly Cash Flow
$-139/mo
Cap Rate
5.3%
Cash-on-Cash
-4.8%

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