Similar to nearby areas, it is somewhat more expensive compared to the US as a whole. Compared to the city of Phoenix, it is a little more expensive.
Home prices
Peoria's median home cost is $264,500. This is approximately $4,380 (1%) lower in comparison to the surrounding areas.It is about $47,000 (21%) higher compared to the rest of the country, and it is approximately $29,100 (12%) higher compared to the city of Phoenix.
Rents
In Peoria the median rent is $1,255 per month. It is about $201 (13%) lower compared to its nearby areas.Compared to the United States as a whole it is about $193 (18%) higher, and is about $202 (19%) higher compared to the city of Phoenix.
Nearby places
Surprise
Surprise is Peoria's neighbor to the southwest. Its housing prices are somewhat less expensive. The median home in Surprise is valued at $239,500, which comes out to $25,000 (10%) lower than Peoria. The rent there is a bit more expensive. The median monthly rent in Surprise is $1,349, which works out to $94 (6%) higher than Peoria.
Sun City
Sun City is Peoria's neighbor to the south. Housing prices there are significantly less expensive. The median home in Sun City costs $159,900, which is $104,600 (65%) lower than Peoria. Rent there is a little less expensive. The median rent in Sun City is $1,088 per month, which is $167 (15%) lower than Peoria.
Sun City West
Sun City West is about 8 miles south of Peoria. Housing prices there are a bit less expensive. The median home in Sun City West is valued at $221,500, which is $43,000 (19%) lower than Peoria. The rent there is similar. The median monthly rent in Sun City West is $1,250, which is very similar to Peoria.
Anthem
Anthem is about 10 miles northeast of Peoria. The housing prices there are a little more expensive. Anthem's median home price is $346,800, which is $82,300 (23%) higher than Peoria. Its rents are somewhat more expensive. The median rent in Anthem is $1,623 per month, which comes out to $368 (22%) higher than Peoria.
New River
New River is approximately 13 miles northeast from Peoria. The housing prices there are a little more expensive. New River's median home price is $376,700, which works out to $112,200 (29%) higher than Peoria. The rent there is significantly more expensive. In New River the median rent is $1,968 per month, which is $713 (36%) higher than Peoria.
