11 Cheapest Places in Illinois To Buy a Home

4) East Peoria

Seventy-three miles north of Springfield is East Peoria, located on the Illinois River. Its location on the water makes it unique in that it houses one of the only marinas of its class between Chicago and St. Louis. If you’re a boater, this is something to consider. The median home price in this north central city is almost one third lower than the national and state averages. With an average cost of $128,200 (although there are many decent two bedrooms for well under $100,000, too), many out of towners are coming here to purchase new homes. Residents enjoy a low cost of living with almost all basic expenses like groceries, healthcare, transportation, goods & services below the national average. Visit the local distilleries, water park, farmers’ markets, and community festivals. Then squeeze in a game of golf, or try your luck at the casino.