Multi-family Foreclosures in Pekin, IL

Current Market Conditions in Pekin, IL

The real estate market in Pekin has shown stable growth over the past year, with a slight increase in home prices and an uptick in sales activity. The demand for single-family homes remains strong as families seek quality housing in a peaceful environment. Inventory levels are relatively low, leading to a competitive buying atmosphere.

Rent Prices In Pekin, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pekin, IL, is on a rollercoaster ride. The average rent price in Pekin, IL, is $1,142.00. Indeed, when looking to rent in Pekin, IL, you can expect to pay as little as $510.00 or as much as $2,600.00, with the average rent median estimated to be $1,080.00. The good news is that finding an affordable and desirable property to rent in Pekin, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.