Housing Market in Peoria
Peoria's housing market runs a real, if more moderate than Gilbert's, premium above the national median, with a genuinely wide rent-figure spread and a housing stock spanning older, established neighborhoods and newer master-planned communities like Vistancia.
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Learn moreMedian sale price: a real, positive year-over-year read
Redfin's May 2026 read put Peoria's median sale price at $529,683 across all home types, UP 2.7% year-over-year -- a real, if modest, appreciation, roughly 30% above the ~$408,776 US national median cited elsewhere in this dataset. A separate reading cited a $534,950 median closed sale price for January 2026, broadly consistent with relatively stable pricing across the first half of 2026.
Rent: a genuinely wide, disclosed multi-source spread
Rent figures for Peoria diverge meaningfully by source and methodology: Apartment List cited an overall median of $1,394/month (August 2026); RentCafe cited an average apartment rent of $1,566 (down 4.18% YoY); CapRateCity cited a $1,720/month median (1% above a cited $1,709 AZ statewide average); and Zumper cited $2,102/month as of August 2026. This $1,394-$2,102 range reflects real differences in what each source measures rather than one settled figure.
A housing stock spanning established neighborhoods and newer master-planned communities
Peoria's housing stock includes both longer-established northwest-valley neighborhoods and newer master-planned developments such as Vistancia -- CrimeGrade's 2026 neighborhood data separately cites Vistancia South and Mesquite among the top-graded areas in the city (see crime-safety), a real, disclosed signal of newer-development strength within the broader citywide housing picture.
Verify current, address-specific figures before budgeting
Given the real spread across rent sources, a citywide figure is a useful starting point but not a substitute for pulling current listing and comparable-sale data for a specific neighborhood before making an offer.
Key takeaways
- Peoria's median sale price is cited at $529,683 (Redfin, May 2026, UP 2.7% YoY) -- roughly 30% above the national median, somewhat below Gilbert's $579,685 cited separately in this dataset.
- Rent figures diverge meaningfully by source: $1,394/month (Apartment List) to $2,102/month (Zumper), with intermediate readings around $1,566-$1,720 -- a genuine, disclosed spread rather than one settled number.
- Peoria's housing stock spans established northwest-valley neighborhoods and newer master-planned communities like Vistancia, which separately shows strong 2026 CrimeGrade neighborhood ratings.
- Given the real spread across sources, verify current, address-specific pricing and comparable sales before budgeting off any single citywide figure.
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