From January through December of 2017, there were 1,858 homes sold, with a median sale price of $110,000. There were 1,864 homes sold in Peoria in 2016, and the median sales price for the period was also $110,000.
The median sales tax in Peoria for 2017 was $2,237. In 2016, the median sales tax was $2,221. This marks an increase of 0.7%. The effective property tax rate, using the median property tax and median home sale price as the basis, is 2%.
The following table compares Peoria to other Peoria County cities with similar median sales prices in 2017:
City | Jan. - Dec. 2017 Home Sales | Jan. - Dec. 2016 Home Sales | % change (Total Home Sales) | Jan. - Dec. 2017 Median Sales Price | Jan. - Dec. 2016 Median Sales Price | % change (Median Sales Price) |
---|---|---|---|---|---|---|
Dunlap | 33 | 21 | 57.1% | $212,000 | $143,500 | 47.7% |
Lake Camelot | 32 | 33 | -3% | $175,500 | $176,000 | -0.3% |
Rome | 29 | 25 | 16% | $114,050 | $93,500 | 22% |
Chillicothe | 121 | 118 | 2.5% | $110,000 | $101,500 | 8.4% |
Peoria | 1,858 | 1,864 | -0.3% | $110,000 | $110,000 | 0% |
Elmwood | 41 | 45 | -8.9% | $108,700 | $80,000 | 35.9% |
Princeville | 28 | 35 | -20% | $97,500 | $102,500 | -4.9% |
Brimfield | 17 | 7 | 142.9% | $90,000 | $85,000 | 5.9% |
Mapleton | 9 | 7 | 28.6% | $88,000 | $37,500 | 134.7% |
Norwood | 9 | 10 | -10% | $86,500 | $52,500 | 64.8% |
Hanna City | 29 | 25 | 16% | $83,000 | $105,000 | -21% |