Housing market · ZIP 61602
Peoria, IL Home Prices & Forecast
Median value and 12-month outlook · as of April 2026
Median home value
$118,096
3-month-4.9%
6-month-8.9%
12-month-14.3%
Touse 12-month forecast
-11.5%
Projected median near $104,546 over the next 12 months
As of April 2026, the median home value in Peoria, IL (ZIP 61602) is $118,096. Prices are falling, down 14.3% over the past year. Touse's model projects a -11.5% change over the next 12 months, putting the median near $104,546.
Nearby areas in Peoria
Estimates are derived from Zillow Research price history and Touse's forecasting model (LightGBM + Prophet). Forecasts are 12-month projections with inherent uncertainty, not guarantees, and are not financial advice. Confirm with a licensed professional before any decision.