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Peoria County, IL

RANK #18 / 996  ·  POP 181,186  ·  IL

PROJECTED GROWTH: +4.1%

Peoria County ranks among the top U.S. counties across nearly every economic indicator.

[01] Why Peoria County?

Peoria County, Illinois, known as the "Heart of Illinois," is situated along the Illinois River, approximately 160 miles southwest of Chicago. The city of Peoria, the county seat, offers a blend of urban amenities and a small-town atmosphere. Grandview Drive, once called "the world's most beautiful drive" by President Theodore Roosevelt, provides scenic views of the Illinois River Valley. Outdoor recreation opportunities abound, with destinations like Wildlife Prairie Park, offering 2,000 acres of natural habitat and native Illinois animals, and the Rock Island Trail, a 26-mile path for hiking and biking. The Peoria Park District, the first park system established in Illinois, manages over 9,000 acres of land and recreational centers. Life in Peoria County offers a balance of affordability and access to services. Public transportation is available through CityLink buses, and ride-sharing services also operate in the area. The county features a range of educational institutions, including highly rated public schools in areas like Dunlap, and higher education options such as Bradley University and the University of Illinois College of Medicine Peoria. The economy, historically tied to manufacturing and agriculture, is diversifying with investments in healthcare, education, and technology. Major employers include OSF HealthCare and Carle Health, and there is a focus on innovation and entrepreneurship, particularly in areas like bioprocessing and green chemistry.

[02] Market Snapshot

Housing Ratio
2.0x

Undervalued relative to economy

GDP Growth
+1.9%

Below national median

Home Prices
+8.2%

Outpacing national median

Climate & Terrain
-2.4

Below-average climate & terrain

Price/Rent
11x

Strong rental yield

Housing looks undervalued at 2.0x — home prices are low relative to local economic output. The typical U.S. county is 4–6x.

[03] Signal Profile

[04] Home Value Growth vs National

Peoria County U.S. National

The Numbers

DEMOGRAPHICS
Population
181,186
-0.69% YoY
Median Household Income
$63,409
Median Home Value
$150,400
+8.21% 12mo
Median Rent
$909
Average Annual Pay
$74,778
+3.9% YoY
Employment
103,940
+0.4% YoY
Income-to-Home-Value
0.4216
More affordable than average
Migration Inflow
2.84%
of pop. from another state

Market Activity

REAL ESTATE
Median Sale Price
$152,000
Days on Market
43
Moderate pace
Months of Supply
2.2
Seller's market
Sale-to-List Ratio
97.1%
Negotiation room for buyers
Sold Above List
22.9%
Listings w/ Price Drops
30.6%
Building Permits (2024)
71
Single-Family Permits
71

Source: Redfin · Census BPS — Browse sales on Redfin →

[05] Capital Investment

$1,732M
TOTAL
PROJECT AMOUNT STATUS
Goldrush Apple Wind
Apex Clean Energy
$900M Proposed
Four Creeks Wind Project
Repsol Renewables
$750M Planned
Ameren Illinois Natural Gas Pipeline Crossing
Ameren Illinois
$50M Proposed
Peoria County Jail Upgrades and Road/Bridge Projects
Peoria County
$32M Planned

Source: public records, news, corporate announcements. Amounts are estimates where noted.

[06] Score Breakdown

GDP Growth +1.9% 33 percentile
Population Growth -0.7% 7 percentile
Income Growth +8.5% 51 percentile
Vacancy Rate 1.7% 16 percentile
Home Price Change +8.2% 99 percentile
Rent Growth +6.7% 89 percentile
Price/Rent 11x 80 percentile

Bars show percentile rank among all 996 counties.

[07] Frequently Asked Questions

Is Peoria County, IL a good place to move to?

Peoria County has a Boom Town Index score of 98/100, ranking #18 among 996 U.S. counties. With job growth at +0.4% and a median household income of $63,409, it's an above-average county on economic indicators.

Is Peoria County affordable?

The median home value in Peoria County is $150,400 with median rent at $909/month. The income-to-home-value ratio is 0.4216, which is more affordable than the national average.

Is Peoria County growing or shrinking?

Population growth: -0.7% year-over-year. Job growth: +0.4%. Home values changed +8.2% in the past 12 months.

Are people moving to Peoria County?

Yes — 2.84% of Peoria County's population moved from another state, which is above the national average and indicates strong in-migration.

[08] Similar Metros

Winnebago County, IL 100 Madison County, NY 100 Oswego County, NY 100 Valencia County, NM 100 Taylor County, TX 100 Allen County, OH 100 Newton County, MO 99 Dodge County, WI 99