Under $200K Investment Properties for Sale in Peoria, IL
94- 2 Bed
- 1 Bath
- 800 sft
453- 2 Bed
- 1 Bath
- 919 sft
98- 4 Bed
- 2 Bath
- 1744 sft
126- 3 Bed
- 2 Bath
- 1296 sft
Why Invest in Peoria, Illinois?
Peoria, IL offers strong investment opportunities in homes under $200k, with median values around $127k providing accessible entry points. Recent appreciation of 8.2% supports long-term growth while average rents near $1,100 deliver solid cash flow. Cap rates remain attractive in this affordable Midwest market with stable renter demand. Low housing costs as 25% of income make it ideal for buy-and-hold strategies. Illinois forecasts predict 3.4% statewide price growth in 2026.
Frequently Asked Questions
Investors see avg ROI around 9.5% with 8% rental yields on properties under $200k. Cash flow averages $450 monthly after expenses. Appreciation of 8.2% adds to total returns in this stable market.
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