Home Insurance in Peoria, Illinois
Homes in Peoria carry a median value of $156,200 - close to the Peoria County median.
The typical home in Peoria was built around 1966. About 42% of homes were built before 1960, in line with Peoria County (42%). Because older housing stock often has aging wiring, roofing or plumbing, it can cost more to insure or rebuild.
Housing in Peoria breaks down to 68% single-family homes and 26% apartments in buildings with 5+ units.
58% of owner-occupied homes in Peoria carry a mortgage, and mortgage lenders require hazard insurance for as long as the loan is active.
Peoria has an owner-occupancy rate of 57% and a vacancy rate of 9%; unoccupied homes typically need a different coverage form.
Most homes in Peoria - 67% - are primarily heated with natural gas.
FEMA rates Peoria County's overall risk as Relatively Moderate, led by tornado (Relatively High). Peoria County had 363 active NFIP flood policies as of September 2026. See the full Peoria County home insurance overview for all FEMA hazard ratings and flood coverage details.
In Illinois, the statewide average premium for a standard HO-3 homeowners policy is $1,480 per year (NAIC, 2023 data).
Key figures
| Median home value | $156,200 |
|---|---|
| Median year built | 1966 |
| Owner-occupied share | 57% |
| Share of owner-occupied homes with a mortgage | 58% |
| Top county hazard | Tornado (Relatively High) |
| Active NFIP policies in Peoria County | 363 |
| Home insurance premium | $1,480 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)