Homes for Sale in Peoria, IL: What You Need to Know
Peoria, IL, is considered one of the best places to live in Illinois, with a population of approximately 114,512. Living in Peoria offers residents a condensed suburban feel, and the majority of residents own their homes. Many families and young single professionals in their 20s and 30's live in Peoria. The city also has plenty of bars, restaurants, and parks and is quite ethnically diverse.
Peoria is the largest city on the Illinois River, giving it a charming and scenic downtown area. Additionally, the city has over 9,000 acres of parks, which include the Lathy Botanical Garden, Peoria Zoo, and five public golf courses.
Schools and Education
Peoria has 64 schools, which includes 20 private schools. The public schools in Peoria are considered above average. Additionally, the city features many higher education institutions, including Bradley University, Midstate College, Methodist College, OSF St. Francis College of Nursing, University of Illinois College of Medicine, Illinois Central College, and Robert Morris University.
Job Opportunities in Town
Although Peoria is not considered a big city, it does have a large population of individuals who are young, educated, and single, with promising careers. 34.7% of adults in Peoria have a bachelor's degree or higher. A good number of Peoria residents work in sales jobs (11.21%), followed by office and administrative support (10.89%) and management occupations (8.06%).
The Cost of Living in Peoria
The median income in Peoria, Illinois, is $49,750, and the median home price is $147,350. Peoria's cost of living is approximately 25.4% lower than the rest of the country.
Know Your Neighborhoods
Edwards is a suburban neighborhood located in Peoria, Illinois. Edwards is one of the most expensive neighborhoods in town. The median real estate price is $257,918, which is pricier than 60% of US neighborhoods. The average rental price in Edwards is currently $1,006. Edwards real estate is primarily made up of medium to larger (three, four, five or more bedroom) residence, single-family homes, and apartment complexes. In Edwards, the home and apartment vacancy rates are just under 8%.
City Center/Methodist College in another popular area with a median real estate price of $254,404. The average rental price is currently around $800. City Center / Methodist College of Nursing real estate consists mostly of small (studio to two bedrooms) to medium-sized (three or four bedrooms) apartment complexes/high-rise apartments and small apartment buildings. Many of the homes in the City Center / Methodist College of Nursing neighborhood are relatively historic, built before 1939.
And finally, Keller's median real estate price for a home is $241,194. The average rental price in Keller is approximately $1,850. The Keller neighborhood primarily consists of single-family homes and apartment complexes and high-rise apartments. The majority of homes in Keller are owner-occupied. Many of the properties in Keller are fairly old, having been built between 1970 and 1999.