Home Values

Pekin Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

$88,500

  • -5.5% 1-year change
  • 1.9% 1-year forecast

The median home value in Pekin is $88,500. Pekin home values have declined -5.5% over the past year and Zillow predicts they will rise 1.9% within the next year. The median rent price in Pekin is $825, which is higher than the Peoria Metro median of $800.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Pekin is 5.1%, which is lower than the national value of 6.0%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Pekin homeowners underwater on their mortgage is 10.6%.

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Relative ZHVI
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Pekin Market Overview

Data through May 31, 2015
  • $88,500 ZHVI
  • 1.9% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (May 31, 2016)
  • No data Median listing price
  • $98,325 Median sale price
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Pekin Market Health

Data through May 31, 2015
  • No recent data Less healthy
  • No data Average days on Zillow
  • 10.6% Homes with negative equity (15.4% US Avg) (Mar 31, 2015)
  • 5.1% Delinquent on mortgage (6.0% US Avg) (Mar 31, 2015)
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Nearby Cities

Name Median ZHVI
Groveland $175,600
Tremont $156,200
Green Valley $120,200
Name Median ZHVI
East Peoria $113,500
Bartonville $97,800
Marquette Heights $94,500
Name Median ZHVI
North Pekin $81,100
Creve Coeur $72,100
Bellevue $67,400

Listings & Sales

Data through May 31, 2015
  • No recent data Median list price / sq ft
  • $84 Median sale price / sq ft
  • No data Listings with price cut
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Pekin Rentals

Data through May 31, 2015
  • Zillow Rent Index

  • $1,061 Pekin
    $1,129 Peoria Metro
    $1,367 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • 1.4 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Dec 31, 2014)
  • $825 Rent list price
  • No recent data Rent list price / sq ft
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