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Rent To Own Homes in Peoria, IL

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Peoria, IL Foreclosures

How much do homes sell for in Peoria, IL?
The average home price is currently $149,789.
In Peoria, IL, how many homes are available?
There are currently 456 active home listings available in Peoria.
What’s the average rental cost in Peoria, IL?
The average rental price in Peoria is $1,154.
What is the most expensive home in Peoria?
The most expensive home sold in Peoria had a price of $43,429,904.
What is currently the cheapest priced home in Peoria, IL?
The cheapest home for sale in Peoria is priced at $10,259.

Living in Peoria, IL

Peoria, Illinois is known for its unique blend of urban amenities and scenic outdoor spaces. The city boasts a rich cultural scene with numerous entertainment options, parks, and educational institutions. With friendly neighborhoods and a strong community spirit, Peoria offers an appealing lifestyle for residents of all ages.

Current Market Conditions in Peoria, IL

The Peoria real estate market currently shows signs of stability with a slight upward trend in home prices. Buyers are increasingly drawn to the area due to its affordable housing, making it an attractive option for families and professionals alike.

In the past few months, Peoria has seen a steady increase in home sales as demand rises. The market remains competitive, especially in desirable neighborhoods, leading to an increase in multiple offers for well-priced homes.

Home Value Estimator For Peoria, IL

There are currently 45,544 real estate properties in Peoria, IL, with a median automated valuation model (AVM) price of $98,406.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Peoria, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Peoria, IL, is $149,789.00, with the most expensive house in Peoria, IL, topping out at $43,429,904.00 and the cheapest home in Peoria, IL, clocking in at $10,259.00. In other words, there’s something for every potential homebuyer or savvy investor in Peoria, IL!

Rent Prices In Peoria, IL

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Peoria, IL, is on a rollercoaster ride. The average rent price in Peoria, IL, is $1,154.00. Indeed, when looking to rent in Peoria, IL, you can expect to pay as little as $490.00 or as much as $3,060.00, 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 Peoria, 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.

Peoria, IL Rent To Own Homes

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