Why Live in Downtown Peoria
Downtown Peoria is a vibrant neighborhood along the Illinois River, offering a mix of urban amenities and outdoor recreation. The area features RiverFront Park, a popular green space with a playground, farmers market, festival grounds, and pathways, providing scenic views of the Illinois River Bridge. The Peoria Riverfront Museum nearby hosts art, history, and science exhibits, along with events like Wine & Cheese Under the Stars. Sports enthusiasts can catch a Peoria Chiefs minor-league baseball game at Dozer Park. The Peoria Zoo at Glen Oak Park, located just north of RiverFront Park, is home to over 100 species. The RiverFront District boasts diverse dining options, from The Blue Duck Barbecue Tavern to the upscale Jim's Steak House, and shopping at boutiques like Rambler. Haddad's West Peoria Market is 1.5 miles west for grocery needs. Housing includes condos in the heart of downtown, such as the Twin Towers, and bungalows and minimal traditional homes on the outskirts. Peoria School District No. 150 serves the area, with Lincoln School and Peoria High School. Bradley University is also located downtown. CityLink provides fixed-route bus service, and General Wayne A. Downing Peoria International Airport is 6 miles west. The city is in the process of developing master plans that may include athletic facilities, kayak launches, and boardwalks along the riverfront.
Frequently Asked Questions
Is Downtown Peoria a good place to live?
Downtown Peoria is a good place to live. Downtown Peoria is considered somewhat walkable and somewhat bikeable with some transit options. Downtown Peoria is a suburban neighborhood. Downtown Peoria has 5 parks for recreational activities. It is fairly sparse in population with 3.6 people per acre and a median age of 37. The average household income is $43,542 which is below the national average. College graduates make up 13.8% of residents. A majority of residents in Downtown Peoria are renters, with 66.5% of residents renting and 33.5% of residents owning their home. A
local real estate agent serving Downtown Peoria can help you decide if this neighborhood is the right one for you. Learn more on our
Downtown Peoria neighborhood guide.
Is Downtown Peoria, IL a safe neighborhood?
Downtown Peoria, IL is less safe than the average neighborhood in the United States. It received a crime score of 7 out of 10.
How much do you need to make to afford a house in Downtown Peoria?
The median home price in Downtown Peoria is $475,000. If you put a 20% down payment of $95,000 and had a 30-year fixed mortgage with an interest rate of 6.72%, your estimated principal and interest payment would be $2,460 a month plus property taxes, HOA fees, home insurance, PMI, and utilities. Using the 28% rule, you would need to make at least $105K a year to afford the median home price in Downtown Peoria. The average household income in Downtown Peoria is $44K.
What are the best public schools in Downtown Peoria?
The best public schools that serve Downtown Peoria are:
What are the best private schools in Downtown Peoria?
The best private schools that serve Downtown Peoria are:
What are the most popular zip codes in Downtown Peoria, Peoria, IL?
What are the most popular neighborhoods near Downtown Peoria, Peoria, IL?
Are home prices dropping in Downtown Peoria?
Yes, home prices in Downtown Peoria are down 45% in the last 12 months.
Home Trends in Downtown Peoria, IL
On average, homes in Downtown Peoria, Peoria sell after 92 days on the market compared to the national average of 70 days. The median sale price for homes in Downtown Peoria, Peoria over the last 12 months is $360,000, down 12% from the median home sale price over the previous 12 months.
Median Sale Price
$360,000
Median Single Family Sale Price
$465,000
Median Townhouse Sale Price
$865,000
Average Price Per Sq Ft
$381
Number of Homes for Sale
8
Last 12 months Home Sales
13
Median List Price
$475,000
Median Change From 1st List Price
2%
Median Home Sale Price YoY Change
-12%
