Peoria IL Real Estate
Average Home Prices
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in terms ofAverage Home Price
Per Square feetTable of Contents
- Peoria IL Real Estate
- Getting to Know Peoria
- Interesting facts about Peoria
- Peoria IL Real Estate
- Top Neighborhood in Peoria IL
- Living in Peoria Lifestyle, culture, and community vibe
- Schools
- Economic and job opportunities
- Transportation
- Dining and Shopping Lifestyle, culture, and community vibe
- Parks and recreational activities
- Attractions and events
- Explore more of Peoria, IL with Touchstone Real Estate Group
Peoria IL Real Estate
Welcome to Peoria, Illinois, a city where livability and opportunity seamlessly intertwine. It’s situated in the heart of Illinois, making it an essential hub for commerce and culture in the region. With its proximity to major cities like Chicago and St. Louis, Peoria combines the best of both worlds – a tight-knit community with easy access to big-city amenities.
Spanning over 50.55 square miles, Peoria offers room to breathe while maintaining the perks of urban living. Its diverse neighborhoods, parks, and green spaces create a welcoming and spacious environment. 2022 estimates by the U.S. Census place the population of Peoria at a little more than 111,000.
Let’s delve more into this fascinating riverfront city, as well as the real estate you’ll find here, below.
Getting to Know Peoria
Peoria’s history reaches all the way back to the time before the European settlers when it was originally inhabited by the Illiniwek tribes. The name, Peoria originates from their language, meaning “prairie fire.” Fast forward to the 1600s when French explorers, Jacques Marquette and Louis Jolliet, ventured into the area. In 1680, they established Crevecoeur, marking the first European presence in the region. But it wasn’t until the early 1800s that Peoria began to truly flourish as a thriving community.
The Illinois River played a significant role in Peoria’s growth as the area became a bustling riverport. Steamboats and river trade became the life source of the city, promoting economic prosperity and a rich tapestry of cultural diversity.
Interesting facts about Peoria
In 1854, a young Abraham Lincoln delivered his famous Peoria speech. Addressing the issue of slavery in the territories, many consider this speech a turning point in Lincoln's political career.
The brand name, Caterpillar, has always been associated with massive construction equipment and vehicles. Not many know that Peoria is the birthplace of this established brand. While its main HQ has moved to Deerfield, the company still maintains a strong presence in Peoria and continues to contribute to local employment and the economy.
At one point, Peoria was known as the “Whiskey Capital of the World” due to the abundance of distilleries making some of the most popular whiskey brands in the country. But with the onset of the Prohibition Era in the 1920s, these distilleries were forced to shut down and the local economy took a hit.
Comedy Central Hall of Famer Richard Pryor was born in Peoria. The legendary comedian was known for his brutally honest material that would sometimes delve into controversial subjects, including race. His influence could still be felt in the comedy of contemporary comedians like Chris Rock and Eddie Murphy.
Peoria IL Real Estate
The city has a strong sense of community, excellent schools, and recreational opportunities that make it a desirable place to live. Homebuyers can expect a variety of property types, including:
HISTORIC HOMES
For those who appreciate the timeless beauty of historic homes like elegant Victorians, cozy bungalows, and Colonial Revival houses.
MODERN MARVELS
For those who want to find single-family homes or modern condos for sale in Peoria, IL with all the amenities you’d expect in today’s real estate market.
SUBURBAN BLISS
For those who want a tranquil retreat with spacious homes, well-manicured lawns, and excellent schools.
DOWNTOWN DELIGHTS
For those who enjoy stylish condos and apartments with proximity to restaurants, shops, and cultural attractions.
Peoria’s architecture is also a treat for those eyeing to buy a property. Some of the most prominent architectural types here include Victorian, Colonial Revival, Mid-century Modern, and Contemporary.
One of the highlights of the Peoria IL real estate market is its affordability. Compared to other cities, Peoria offers reasonable prices, making it an accessible market for first-time buyers and families looking to upgrade. For first-time buyers or those looking for budget-friendly options, entry-level homes for sale in Peoria, IL typically fall within the range between $80,000 and $150,000. While homes with more space and amenities (like suburban homes and modern condos) can cost from $150,000 to $300,000. On the other hand, luxury homes with upscale features and riverfront properties are often priced at over $1 million.
Top Neighborhood in Peoria IL
Peoria’s architecture is also a treat for those eyeing to buy a property. Some of the most prominent architectural types here include Victorian, Colonial Revival, Mid-century Modern, and Contemporary.
One of the highlights of the Peoria IL real estate market is its affordability. Compared to other cities, Peoria offers reasonable prices, making it an accessible market for first-time buyers and families looking to upgrade. For first-time buyers or those looking for budget-friendly options, entry-level homes for sale in Peoria, IL typically fall within the range between $80,000 and $150,000. While homes with more space and amenities (like suburban homes and modern condos) can cost from $150,000 to $300,000. On the other hand, luxury homes with upscale features and riverfront properties are often priced at over $1 million.
DOWNTOWN PEORIA
Where history and modernity converge, this neighborhood is the dynamic core of the city with a bustling urban district, cultural hub, and a vibrant community. They offer trendy loft apartments, some of the city’s oldest homes, and high-rise condos for sale in Peoria, IL. It’s also a cultural epicenter with theaters, galleries, and performance spaces. The Peoria Civic Center hosts concerts, conventions, and sporting events. Meanwhile, the Peoria Riverfront Museum invites people to expand their knowledge.
PEORIA HEIGHTS
This neighborhood is a gem nestled along the banks of the Illinois River, just minutes from Downtown Peoria. It’s an ideal place for families, professionals, and anyone who values the charm of a tight-knit community. Here, history and arts combine with architecture, galleries, public sculptures, and artistic events. Grandview Drive, also known as the “World’s Most Beautiful Drive,” is found here. It offers stunning panoramic views and is perfect for scenic drives and morning runs. Other local attractions like the Forest Park Nature Center, Tower Park, Exhibit A Gallery, Bust’s Brewing, Peoria Zoo, and Hearth Restaurant are also found here.
WASHINGTON
While not exactly part of Peoria, this city is part of the Peoria Metropolitan Statistical Area and is considered a suburb. Here, neighbors know one another by name, and residents actively engage in community events and initiatives. Surrounded by rolling hills and lush greenery, Washington offers a serene escape from the hustle and bustle of city life. For those who appreciate cozy family homes, modern living, and historic homes, this community is the place to be. Enjoy a range of recreational facilities in Washington, including parks, swimming pools, and sports fields. It has its own Downtown which is a haven for local dining, shopping, exploring unique boutiques, and delicious local meals.
THOUSAND OAKS
Nestled in the northern part of Peoria, this neighborhood is known for its serene ambiance, friendly atmosphere, and lush green surroundings. It’s also conveniently located near the heart of the city; thus, offering the best of both worlds. This family-friendly neighborhood is largely composed of medium-sized single-family homes built between the 1980s and 1990s. Come here to visit the Grant R. Brimhall Library, Wildwood Regional Park, The Gardens of the World, Paradise Falls, and The Oaks.
DUNLAP
Also part of the Peoria Metro Area, this lovely village is home to undulating hills, lush woods, and scenic vistas, making it a great place for hiking and outdoor activities. You’ll also find several top-rated schools here. Given its largely rural atmosphere, the homes in Dunlap have the advantage of space. That’s why many of the residences here consist of single-family homes sitting on large lots, as well as sprawling farms. Visit various local attractions here like Tanners Orchard, Wheels O’Time Museum, Wildlife Prairie Park, Northwoods Community Church, and Limelight Eventplex.
Living in Peoria Lifestyle, culture, and community vibe
Living in Peoria, IL, you’ll be treated to the charm of a small town with the amenities of a larger city. This vibrant community has a rich culture and a strong sense of community pride. New residents will quickly feel like they’re a part of the community, given the welcoming and friendly vibe of the older residents. And since Peoria IL real estate is relatively more affordable than in other Midwest cities and the cost of living is lower than the national average, you can enjoy a comfortable life and have more spending power in this Midwestern city.
Meet your neighbors at one of the local farmers’ markets, such as the Peoria Riverfront Market, where fresh produce, artisanal goods, and live music come together every Saturday morning from May to September. Peoria is also home to a thriving arts and culture scene, with numerous museums, galleries, and theaters. The Peoria Riverfront offers a variety of exhibits and interactive displays, while the Civic Center hosts concerts, Broadway shows, and other live performances.
Schools
Serving the students of Peoria, IL is Peoria Public Schools, a relatively large school district with approximately 13,000 students. Some of its top schools include:
Reservoir Gifted Academy
Kellar Primary School
Richwoods High School
Washington Gifted School
East Peoria High School
Peoria Heights High School
Those who want private schooling for their children also have good choices in Peoria. Here are some of the notable private schools:
Quest Charter Academy
Montessori School of Peoria
Peoria Notre Dame High
St. Philomena School
Lutheran School Association
Peoria Christian School
For tertiary education, one of the most prominent in the region is Bradley University, a private academic institution located in the heart of Peoria that offers a wide range of undergraduate and graduate programs.
Illinois Central College (ICC) is also found in Peoria. This community college provides affordable and accessible education via traditional classroom settings and online courses. ICC is an excellent choice for those looking to earn an associate degree, transfer to a four-year university, or gain vocational training.
Peoria also has several libraries, including the Peoria Public Library and the Peoria Heights Public Library.
Economic and job opportunities
Peoria is home to several major industries that drive its economy forward. As mentioned earlier, Caterpillar continues to contribute to the local economy and provide jobs. Healthcare and medical research are also the city’s major economic pillars.
Transportation
Peoria has a well-developed network of streets and highways that make driving around the city relatively smooth. Interstate 74 and Interstate 474 connect Peoria to major cities like Chicago, Indianapolis, and St. Louis, making it a central hub for travel within the Midwest.
Peoria also has an efficient public transit system for commuters. The Greater Peoria Mass Transit District, known as CityLink, operates a network of buses that serve the city and surrounding areas. It also has a mobile app that has real-time bus tracking and trip planning.
Peoria is not just for motorists and bus riders – it’s also a friendly city for cyclists and pedestrians. The city has invested in developing an extensive network of biking and walking trails, including the Rock Island Trail and the Grandview Drive Scenic Byway. If you’re a frequent flyer, you’ll appreciate General Wayne A. Downing Peoria International Airport. This airport offers a great gateway to various destinations and connects you to larger airports for long-distance travel.
Dining and Shopping Lifestyle, culture, and community vibe
Peoria’s dining scene is as diverse as it is delightful. Whether you’re in the mood for some smoked meat goodness, fresh farm-to-table meals, or sumptuous international cuisine, Peoria’s food spots have these and more. Local favorites like Childers Eatery, One World Café, and Thanh Linh offer a variety of flavors while upscale restaurants like Hearth and Bernadotte Cafe provide the perfect setting for special occasions.
For coffee aficionados or craft beer enthusiasts, Peoria has all the cafes you need like Zion Coffee Bar and Broken Tree Coffee, as well as craft breweries like Industry Brewing and Peoria Brewing Company.
Peoria residents also take pride in supporting local farmers and artisans while also flaunting their unique boutiques and shops. Peoria also has major retail stores and shopping centers like East Peoria’s Levee District and Northwoods Mall.
Peoria is a hotspot for antique lovers, as well. You’ll love the home décor and antiques of PRIMITIQUES Market on Main. Meanwhile, Urban Artifacts will amaze you with its diverse selection of memorabilia from the 20th century. Then, buy or sell antiques over at Anne’s Anteex – a popular antique store in Peoria for more than 30 years.
Parks and recreational activities
With Peoria sitting along the banks of the mighty Illinois River, one would naturally expect a whole range of public and green spaces for recreation and other outdoor activities that revolve around this significant water system. Here are the most popular among them.
FOREST PARK NATURE CENTER
Probably the most prominent among Peoria’s green spaces, Forest Park Nature Center is a 540-acre nature preserve situated on the city’s eastern border facing Upper Peoria Lake. Bird watchers will have a field day observing both migratory and resident avians among the trees. The nature center also has a shop for hiking and bird-feeding essentials, as well as a bird observation room. Those who prefer to watch these avians in their natural habitat can hike through seven miles of woodland trails and enjoy the wonderful vistas all around.
PEORIA RIVERFRONT PARK
A testament to the strong connection between the City of Peoria and the Illinois River, this park situated along the west shore of Peoria Lake is an entire district where concerts, events, festivals, and other outdoor gatherings take place. It is currently undergoing redevelopment and will soon have a dog park, kayak launch, and courts for sports activities, among many other planned facilities.
LUTHY BOTANICAL GARDEN
As a tribute to respected Peoria citizen and philanthropist George L. Luthy, this lovely garden and conservatory along Prospect Avenue was named after him. Spanning 5 acres, Luthy Botanical Garden is one of the features of Glen Oak Park and boasts a variety of plants from roses to orchids. The general tranquility and beauty of this place make it a favored venue for many garden weddings and corporate events.
DETWEILLER PARK
This is another great area for bird-watching, especially with the lush vegetation that includes various species of oak trees. Dettweiler Park has a whole slew of facilities for every kind of recreation for the whole family. Sports buffs and active individuals will love the nature trails that traverse the river bluffs, as well as the soccer field. Kids can enjoy active play at the playground. During winter, the gentle slopes here turn into perfect places for sledding. Meanwhile, those with furry family members will be glad to know that the park allows supervised pets.
Attractions and events
If you’re looking for things to do while in Peoria, IL, you’ll be spoilt for choice with the many attractions and colorful events that define this riverfront city.
PEORIA RIVERFRONT MUSEUM
Not simply a venue for aesthetics, this is a multidisciplinary museum where the arts, history, sciences, and human achievements are showcased. It has facilities like a sculpture garden, a giant screen theater, and a planetarium that help to put forward the museum’s mission to “inspire lifelong learning.”
THE DOUG OBERHELMAN CATERPILLAR VISITORS CENTER
No trip to Peoria will be complete without visiting the place where it all began for this innovation titan. Apart from showcasing some of the big machines that made Caterpillar a trusted name in construction, visitors will also be treated to interactive exhibits and virtual experiences. They could even try their hand at production design and make a new CAT machine.
PEORIA ZOO
Another popular section of Glen Oak Park, this zoo features animals from all over the world in various exhibits and expansive enclosures. The most recent exhibit is AFRICA! which simulates the African grasslands and comes complete with the region’s proudest representatives like the African lion, giraffe, mandrill, and red river hog. For an up-close encounter, the Contact Barn lets visitors interact with the domestic donkey, Nigerian dwarf goat, and the koi. But more than simply showing off these animals, the zoo is also committed to education and preservation.
BLACK BAND DISTILLERY
For a glimpse of the glory days when Peoria made headlines as the country’s Whiskey Capital, come and visit this local distiller, located in a restored century-old building in Peoria’s historic Warehouse District. It offers tours of the distillery and has an in-house bar.
ERIN FEIS (PEORIA IRISH FEST)
Leave it to Peoria’s Irish community to bring all that Irish ale and fun to the city. Erin Feis is a true-blue Irish-themed celebration that has people dancing to bagpipes and Celtic drums, competing in Highland games, and toasting to everyone’s good health.
PEORIA ART GUILD FINE ART FAIR
Hosted by one of the oldest art groups in the country, the Peoria Art Guild, this fair is the embodiment of the said guild’s mission: “bringing art to the community and the community to art.” Held every September, the art fair is recognized as the biggest art-related event in Central Illinois and sees crowds of up to 10,000.
Explore more of Peoria, IL with Touchstone Real Estate Group
There’s plenty more to love about Peoria, IL, and the city’s remarkable real estate is a major part of the entire package. To serve as your guide in your home-buying journey, turn to Touchstone Real Estate Group! We offer a high level of customer care and attention to detail in every transaction. Let’s discuss your real estate goals in Peoria! Call us at 309.270.5000 or send an email here.