Under $500K 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 properties under $500k, with median home prices around $127k-$162k providing excellent entry points for cash-flowing rentals. Average rents near $1,100 support solid yields in a market with 8%+ annual appreciation. Renter-occupied rates exceed 30%, bolstered by stable Midwest economics and low vacancy. Cap rates remain attractive at 7-9% for single-family and small multifamily under budget. Recent forecasts show Illinois prices rising 3.4% in 2026, enhancing long-term ROI.
Frequently Asked Questions
Investors see avgROI around 9%, rental yields of 8.5%, and cap rates near 8% for properties under $500k. Monthly cash flow averages $425 with rents at $1,100. Appreciation of 8% annually boosts equity growth.
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