Nerdwallet’s latest Home Affordability Watch ranks Peoria #2 among 87 total midsize metros. Nerdwallet defines midsize as populations between 250,000 and 1 million. Among the top 5, Peoria also has the highest median income. Here’s a breakdown of the numbers:
- Median home price: $131,300
- Median household income: $57,453 (national median price: $266,900)
- Principal and interest payment: $547 (11.4% of monthly income)
Peoria came in just behind Youngstown-Warren-Boardman, Ohio-Pennsylvania and just ahead of Rockford, Illinois, Erie, Pennsylvania and the Quad Cities.