Cities with the most expensive homes in the Peoria metro area

Purchasing a home is one of the most important investments there is. More than a place to live, homeownership is an asset with the potential to tremendously rise in value. But with home prices reaching record heights, plays a huge role for buyers.

The typical home value in the United States was $369,678 in August, 1.3% higher than the year before.

High mortgage rates are also making monthly payments more expensive; as of September 17, the sits at 6.95%.

Although home prices have inflated all across the U.S., there are some cities that command a higher price tag than others. Location, size, age, and condition are all contributing factors to home value.

compiled a list of cities with the most expensive homes in the Peoria metro area using data from . Charts show the monthly typical home value since January 2018. Data was available for 66 cities and towns.

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#30. Minier, IL

- Typical home value: $184,710
- 1-year price change: +7.3%
- 5-year price change: +42.0%

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#29. Chillicothe, IL

- Typical home value: $188,469
- 1-year price change: +5.7%
- 5-year price change: +41.4%

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#28. Green Valley, IL

- Typical home value: $189,265
- 1-year price change: +9.4%
- 5-year price change: +37.5%

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#27. Elmwood, IL

- Typical home value: $189,911
- 1-year price change: +5.4%
- 5-year price change: +30.8%

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#26. Hopedale, IL

- Typical home value: $199,424
- 1-year price change: +7.4%
- 5-year price change: +37.3%

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#25. Secor, IL

- Typical home value: $201,943
- 1-year price change: +6.3%
- 5-year price change: +17.7%

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#24. Hopewell, IL

- Typical home value: $203,677
- 1-year price change: -2.0%
- 5-year price change: data not available

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#23. Varna, IL

- Typical home value: $206,237
- 1-year price change: +7.5%
- 5-year price change: +43.7%

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#22. Laura, IL

- Typical home value: $213,053
- 1-year price change: +7.8%
- 5-year price change: +25.3%

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#21. Glasford, IL

- Typical home value: $214,175
- 1-year price change: +11.6%
- 5-year price change: +47.4%

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#20. Eureka, IL

- Typical home value: $217,950
- 1-year price change: +9.9%
- 5-year price change: +30.6%

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#19. Metamora, IL

- Typical home value: $224,811
- 1-year price change: +5.3%
- 5-year price change: +25.8%

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#18. Lowpoint, IL

- Typical home value: $225,700
- 1-year price change: +11.0%
- 5-year price change: +26.9%

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#17. Hanna City, IL

- Typical home value: $227,655
- 1-year price change: +4.6%
- 5-year price change: +34.0%

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#16. Washington, IL

- Typical home value: $235,983
- 1-year price change: +6.0%
- 5-year price change: +34.8%

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#15. Princeville, IL

- Typical home value: $239,173
- 1-year price change: +10.9%
- 5-year price change: +38.1%

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#14. Deer Creek, IL

- Typical home value: $243,963
- 1-year price change: +11.6%
- 5-year price change: +42.3%

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#13. Tremont, IL

- Typical home value: $258,019
- 1-year price change: +6.6%
- 5-year price change: +35.3%

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#12. Mackinaw, IL

- Typical home value: $262,988
- 1-year price change: +8.6%
- 5-year price change: +45.7%

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#11. Trivoli, IL

- Typical home value: $281,740
- 1-year price change: +12.7%
- 5-year price change: +49.6%

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#10. Mapleton, IL

- Typical home value: $282,168
- 1-year price change: +6.2%
- 5-year price change: +40.1%

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#9. Edelstein, IL

- Typical home value: $289,559
- 1-year price change: +12.4%
- 5-year price change: +47.0%

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#8. Morton, IL

- Typical home value: $292,405
- 1-year price change: +6.5%
- 5-year price change: +32.2%

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#7. Congerville, IL

- Typical home value: $295,747
- 1-year price change: +6.5%
- 5-year price change: +21.2%

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#6. Goodfield, IL

- Typical home value: $299,951
- 1-year price change: +12.1%
- 5-year price change: +32.7%

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#5. Brimfield, IL

- Typical home value: $304,444
- 1-year price change: +7.6%
- 5-year price change: +40.8%

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#4. Groveland, IL

- Typical home value: $310,878
- 1-year price change: +5.7%
- 5-year price change: +35.6%

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#3. Edwards, IL

- Typical home value: $330,504
- 1-year price change: +8.1%
- 5-year price change: +35.8%

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#2. Germantown Hills, IL

- Typical home value: $338,728
- 1-year price change: +5.1%
- 5-year price change: +23.7%

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#1. Dunlap, IL

- Typical home value: $384,435
- 1-year price change: +6.4%
- 5-year price change: +37.4%

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