What is the rental vacancy rate in Peoria, IL?
The rental vacancy rate in Peoria, IL is 7.3% (±1.6 points) (2020–2024 American Community Survey).
The homeowner vacancy rate is 1.6% (±0.6 points).
4,973 (±587) homes, 9.2% of all housing units, were vacant, a count that includes seasonal homes and homes being sold or rented.
In Peoria, the rental vacancy rate went from 10.8% in 2015–2019 to 7.3% in 2020–2024 (−3.5 percentage points), a measurable decrease.
Figures last updated on .
- Rental vacancy rate
- 7.3% (±1.6 points)
- Homeowner vacancy rate
- 1.6% (±0.6 points)
- Vacant homes
- 4,973 (±587)
Vacancy in Peoria against Peoria County, its state and the nation
| Peoria | Peoria County | Illinois | United States | |
|---|---|---|---|---|
| Rental vacancy rate | 7.3% (±1.6 points) | 6.8% (±1.4 points) | 5.0% (±0.2 points) | 5.5% |
| Homeowner vacancy rate | 1.6% (±0.6 points) | 1.4% (±0.4 points) | 1.0% (±0.1 points) | 0.9% |
| Vacant housing units | 4,973 (±587) | 7,175 (±631) | 421,003 (±7,877) | 14,547,859 |
The rental vacancy rate is the share of rental homes that are vacant and for rent; it leaves out homes already rented but not yet moved into, and seasonal homes.
In Peoria, the rental vacancy rate is not measurably different from Peoria County (6.8%).
It is also higher than in Illinois (5.0%).
It is higher than the national figure (5.5%).
Rental vacancy rate in places near Peoria
| Place | Distance | Rental vacancy rate | Compared with this place |
|---|---|---|---|
| Peoria | — | 7.3% (±1.6 points) | — |
| Peoria City Township | 0.9 mi | 7.5% (±1.7 points) | Not measurably different |
| Richwoods Township | 2.3 mi | 2.6% (±3.9 points) | Lower |
| Peoria Heights | 2.5 mi | 2.6% (±3.9 points) | Lower |
| West Peoria | 4.0 mi | 8.1% (±13.1 points) | Not measurably different |
| Kickapoo Township | 4.3 mi | 0.0% (±3.7 points) | Lower |
| Norwood | 5.3 mi | 0.0% (±73.1 points) | Not measurably different |
| Bellevue | 5.3 mi | 5.8% (±8.9 points) | Not measurably different |
| Fondulac Township | 5.4 mi | 10.2% (±6.6 points) | Not measurably different |
Nearby places with a measurably lower figure: Richwoods Township, IL (2.6%), Peoria Heights, IL (2.6%), Kickapoo Township, IL (0.0%).
Distance is measured in a straight line between the Census Bureau’s internal points for each place.
Rental vacancy rate across Peoria County, place by place
| Rank | Place | Rental vacancy rate |
|---|---|---|
| 4 | Hanna City | 17.5% (±16.0 points) |
| 5 | Glasford | 11.3% (±19.7 points) |
| 6 | Medina Township | 10.6% (±10.2 points) |
| 7 | Logan Township | 8.8% (±9.0 points) |
| 8 | West Peoria | 8.1% (±13.1 points) |
| 9 | Peoria City Township | 7.5% (±1.7 points) |
| 10 | Peoria | 7.3% (±1.6 points) |
| 11 | Timber Township | 6.4% (±10.1 points) |
| 12 | Bellevue | 5.8% (±8.9 points) |
| 13 | Kingston Mines | 5.0% (±12.3 points) |
| 14 (tie) | Peoria Heights | 2.6% (±3.9 points) |
| 14 (tie) | Richwoods Township | 2.6% (±3.9 points) |
| 16 | Limestone Township (Peoria County) | 1.0% (±1.6 points) |
Showing 13 of 35 places in Peoria County, ranked from highest to lowest.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Peoria
Is it hard to find a rental in Peoria?
The rental vacancy rate in Peoria, IL is 7.3% (±1.6 points); a low rate means few rental homes stand empty and for rent at any time, which usually means more competition for each one.
Is the rental market in Peoria tighter than it was?
In Peoria, the rental vacancy rate went from 10.8% in 2015–2019 to 7.3% in 2020–2024 (−3.5 percentage points), a measurable decrease.
How many homes are vacant in Peoria?
An estimated 4,973 (±587) housing units, 9.2% of the total, including seasonal homes and homes waiting to be sold or rented.
Sources
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Peoria city, Illinois
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Peoria city, Illinois
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Peoria city, Illinois (place:59000, in state:17).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are DP04_0005E, DP04_0005M from the 2019 release.
The API needs a free key.
DP04_0005E, DP04_0005M, DP04_0004E, DP04_0004M, DP04_0003E, DP04_0003M, DP04_0003PE, DP04_0003PM
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .
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