What HUD offices serve East Peoria, Illinois?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Illinois Public Housing and Low-Income Apartments Waiting Lists page for openings near East Peoria.
How many renters live in East Peoria, Illinois?
The City of East Peoria has 22,552 people living in 9,652 households.
There are 4,330 renters living in 2,350 renter households in this City. Renters make up 19.2 percent of the population living in East Peoria.
What is the rental market like in East Peoria, Illinois?
There are an estimated 10,739 housing units in the East Peoria area. Of these, 2,638 units are rental homes, making up 25 percent of the housing market. For every renter household in East Peoria, Illinois, there are 1 rental units.
What is the vacancy rate for rentals in East Peoria?
The rental vacancy rate in East Peoria is 11 percent. This is a higher than average vacancy rate. When rental vacancy rates are high it means that there are a lot of available units and rents tend to be lower.
How many rental units are in East Peoria for each bedroom size?
Occupied Rental Units by Size in East Peoria
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 124 | 932 | 916 | 324 | 47 |
Occupied Rental Units by Size in East Peoria
A large number of apartments in East Peoria have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How many renter households in East Peoria are overburdened by housing costs?
Among renter households in this market, 48 percent have housing cost burden. Further, 27 percent of households are extremely rent overburdened. When renters pay too much for their housing, it leaves little money for other necessities like food, clothes, or medicine.
The federal government says that renters are cost-burdened if they pay more than a third of their monthly income for rent and utilities.
How Much Is Rent in East Peoria
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $683 to $1,293. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $683 |
| One BR | $756 |
| Two BR | $965 |
| Three BR | $1,258 |
| Four BR | $1,293 |
2024 Fair Market Rents in East Peoria, Illinois
How many units are rented at Fair Market Rent (FMR) in East Peoria?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 95 | 77 percent |
| One BR | 542 | 58 percent |
| Two BR | 453 | 49 percent |
Rental Units Below FMR in East Peoria, Illinois
How many affordable rental units are in East Peoria?
There are a variety of federal affordable housing programs serving households in East Peoria, Illinois including the following:
| Federal Program | Unit Count |
| Low Income Housing Tax Credit | 4 |
| Section 8 Project-Based Rental Assistance | 280 |
| Section 811 Supportive Housing for Persons with Disabilities | 21 |
Tracked Units by Federal Program in East Peoria, Illinois
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in East Peoria, Illinois
East Peoria features 66 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in East Peoria, Illinois
There are 4 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in East Peoria.
Housing Choice Vouchers in East Peoria, Illinois
On average, Section 8 Housing Choice vouchers pay East Peoria landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in East Peoria.
The maximum amount a voucher would pay on behalf of a low-income tenant in East Peoria, Illinois for a two-bedroom apartment is between $869 and $1,062.
Sourced from federal housing data and AffordableHousingOnline.com research.
