Why Live in Downtown Pekin
Downtown Pekin is an urban neighborhood known for its historic charm and ongoing revitalization efforts. The area features a mix of homes, many over 100 years old, including cottages, bungalows, Classical Revivals, and Italianates. Streets are often lined with brick and house both smaller residences around 1,500 square feet and grander homes with more space. Court Street serves as the main thoroughfare, hosting a variety of mom-and-pop shops like The Zone comic book store, Peek In Pottery Ceramics & Art, and Aryabellas Boutique. Dining options include family-friendly spots like Ashers Bar & Grill and the newer Whiskey Taco, which offers outdoor seating. For groceries and essentials, residents have access to Kroger and Schnucks just a few blocks away.
The neighborhood is safer than the national average and has several pocket parks, including Legins-Costly Park and Willow Park, which provide green spaces and playgrounds. Mineral Springs Park, located about a mile away, hosts the popular Marigold Festival, drawing around 40,000 visitors with its numerous booths, arts and crafts, and food events. Downtown Pekin also benefits from public transportation through the Greater Peoria Mass Transit District, with three bus routes connecting residents to local and nearby destinations.
For things to do, the neighborhood offers various events and activities, including trivia nights, happy hours, and annual celebrations like Christmas on Court. Residents can also enjoy fishing from the pier at the riverfront, located at the end of Court Street.
Frequently Asked Questions
Is Downtown Pekin a good place to live?
Downtown Pekin is a good place to live. Downtown Pekin is considered somewhat walkable and bikeable. Downtown Pekin has 6 parks for recreational activities. It is fairly sparse in population with 4.4 people per acre and a median age of 40. The average household income is $51,139 which is below the national average. College graduates make up 8.9% of residents. A majority of residents in Downtown Pekin are home owners, with 45.5% of residents renting and 54.5% of residents owning their home. A
local real estate agent serving Downtown Pekin can help you decide if this neighborhood is the right one for you. Learn more on our
Downtown Pekin neighborhood guide.
How much do you need to make to afford a house in Downtown Pekin?
The median home price in Downtown Pekin is $606,997. If you put a 20% down payment of $121,400 and had a 30-year fixed mortgage with an interest rate of 6.74%, your estimated principal and interest payment would be $3,150 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $135K a year to afford the median home price in Downtown Pekin. The average household income in Downtown Pekin is $51K.
What are the best public schools in Downtown Pekin?
The best public schools that serve Downtown Pekin are:
What are the best private schools in Downtown Pekin?
The best private schools that serve Downtown Pekin are:
What are the most popular zip codes in Downtown Pekin, Pekin, IL?
What are the most popular neighborhoods near Downtown Pekin, Pekin, IL?
Home Trends in Downtown Pekin, IL
On average, homes in Downtown Pekin, Pekin sell after 11 days on the market compared to the national average of 70 days. The median sale price for homes in Downtown Pekin, Pekin over the last 12 months is $600,000, up 40% from the median home sale price over the previous 12 months.
Median Sale Price
$600,000
Median Single Family Sale Price
$623,995
Median Townhouse Sale Price
$948,820
Median 2 Bedroom Sale Price
$600,000
Average Price Per Sq Ft
$335
Number of Homes for Sale
2
Last 12 months Home Sales
25
Median List Price
$606,997
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
40%
