Investment metrics, interactive calculators, and data-driven analysis for Peoria rental properties.
Pre-filled with Peoria medians. Adjust to match a specific property.
Factor in financing to see your actual return on invested capital in Peoria.
Peoria, IL has a population of 113,150 and has been growing at -0.3% annually — roughly in line with national trends, meaning demand is stable but not exceptional. The median home price of $125,000 paired with median rents of $880/mo produces an estimated cap rate of 4.94%.
Property taxes at 2.1% are notably high and represent a significant drag on cash flow — model this expense carefully, as it can make or break a deal. The vacancy rate of 7.2% runs above average, which increases cash flow volatility and warrants conservative underwriting.
At a price-to-income ratio of 2.6x, homes cost about 2.6 times the local median income of $48,200. This relatively affordable ratio suggests a deep pool of renters who find buying out of reach, supporting rental demand. Home values have appreciated at roughly 1.6% annually. Steady appreciation means total returns will be primarily cash flow-driven — the more sustainable model for long-term wealth building.
Bottom line: Peoria presents moderate opportunities. Cap rates near 4.94% mean deals need careful sourcing — look for value-add rehabs or emerging neighborhoods where rents are climbing.