Median price for residential apartments in West Peoria, IL as of Dec, 2022.
Take into account that the price depends on the location and condition of the apartment. The size and amenities might have a large influence on the asking price as well.
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24 West Peoria, IL, USA apartments for sale
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West Peoria
According to statistics, the population in West Peoria, IL amounts to 4,650, which shows decline 0% compared to the previous year. The median age of the city’s residents is 45. The average household income is $47,397, shifting growth 5% from the past year, and the average property value in West Peoria, IL decline 0% to $87,700 throughout the year.
| Population | 4,650 |
| Median Age | 45.1 |
| Poverty Rate | 12% |
| Household Income | $47,397 |
| Number Of Employees | 2,596 |
| Median Property Value | $87,700 |
Household Income
The average household income in West Peoria, IL grew from $44,978 to $47,397 in the past year. This data is an estimate based upon 2,041 households in West Peoria, IL . The chart below presents how household income is distributed in West Peoria, IL in comparison to the revenue allocation amid households nationally.
Property Value
According to data from last year, the average property value in West Peoria, IL shifted from $87,600 to $87,700 throughout the year. The subsequent graph indicates the share of properties in the given price range in West Peoria, IL in comparison to the median property value in the same price segment across the country. According to the data, the greatest share of West Peoria, IL properties falls in the '$70,000 to $79,999' range, which is lower than the most significant median property across the country.
Rent vs. Own
Property Taxes
One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in West Peoria, IL compared to median property taxes around the country. The prevalent amount of property taxes in West Peoria, IL equals $1150, which is less than the national average.
Housing Trends
How much does an apartment cost in West Peoria, IL, USA
Average apartment sale in West Peoria: $90,269 (+0.7%)
| Apartment Size | Dec | vs Last Month |
|---|---|---|
| 2-bed apartments | $96,766 | -2.5% |
| 3-bed apartments | $86,147 | +0.3% |
| 4+ bed apartments | $70,950 | N/A |
During Dec 2022, the average price for an apartment in/near West Peoria, IL increased by 0.7% to $90,269.
The average price of the land for sale in West Peoria, IL has not changed significantly since last month, being $59,900. After collecting all data points, we now see that the average price for 1-bed apartment stands at $54,000 with no changes this month. Asking price for 2-bed apartment also decreased by 2.5% and a place of this size will now cost you $96,766. A 3-bed apartment goes for $86,147, it increased by 0.3% lately. According to statistics, we now see that the 4- and more bed apartments pricing stays the same, so you can still face an estimate price around $70,950 for a big-family home.
| Listing Type | Dec | vs Last Month |
|---|---|---|
| Houses for sale | $90,269 | +0.7% |
Price reports demonstrate that house price increased by 0.7% this month making it up to $90,269.
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