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Advertise here →Peotone, IL · Market Data
Peotone, Illinois real estate market data.
Real estate market data for Peotone, IL (Will County) — Census median home value $261,400, county listing prices up about 5.5% over the past year.
Peotone, IL is in Will County, Illinois — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 4,462, with a median household income of $104,792. Census data puts Peotone's median home value at $261,400 (all owner-occupied homes); Will County's current median listing price runs $424,997, up about 5.5% over the past year.
At a glance
Peotone market snapshot
Population
4,462
Median Household Income
$104,792
Median Home Value (city)
$261,400
Median Listing Price (Will County)
$424,997
Median Gross Rent
$1,102/mo
Price Trend (YoY)
+5.5%
Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗
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What makes Peotone different
Home Value, By Source
The Census Bureau's American Community Survey (2023 5-year estimate) puts Peotone's median home value — across all owner-occupied homes, not just recent sales — at $261,400. Separately, Will County's current median listing price (via Realtor.com data, 2026-06-01) runs $424,997. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.
County Price Trend
Will County's FHFA house price index shows a 4.6% annual change in 2025.
Population & Income
Peotone has an estimated population of 4,462 and a median household income of $104,792, per the Census Bureau's American Community Survey (2023 5-year estimate).
Affordability Snapshot
Peotone's Census-reported median home value works out to about 2.5x the area's median household income, and median gross rent runs roughly 13% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.
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Common questions
Peotone FAQ
What are home values like in Peotone, IL?
The Census Bureau's American Community Survey puts Peotone's median home value at $261,400. Will County's current median listing price runs $424,997, up about 5.5% over the past year.
What is the population of Peotone, IL?
The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Peotone's population at approximately 4,462.
What's the median rent in Peotone, IL?
The Census ACS estimates median gross rent in Peotone at approximately $1,102 per month.
What is the median household income in Peotone, IL?
Census ACS data puts the median household income in Peotone at approximately $104,792.
Is the Peotone housing market growing?
Will County's FHFA house price index shows a 4.6% annual change in 2025.
Is Peotone, IL affordable relative to income?
Census ACS data puts Peotone's median home value at about 2.5 times the median household income, with median gross rent equal to roughly 13% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.
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