07/19/2025
Rental Rates Keep Climbing — Should You Buy Instead?
Average Rent in Peoria Up 11.5% Year-over-Year — But Buying May Cost Less
📈 Renters in Peoria are now paying $1,175/mo on average, up from $1,050 last year. Meanwhile, a $155K home with 5% down has a monthly mortgage (incl. tax/insurance) around $1,080.
💡 Renters are covering someone else’s mortgage—when they could be building equity in just 6 months.
👉 Ready to stop renting? Message me “Buy for Less” and I’ll walk you through local first-time buyer options with 0–3% down.
