Peotone, Illinois.
Typical home $338,623 (+3.3% in a year). Chicago-Naperville-Elgin, IL-IN-WI metro.
to buy the typical home at today's mortgage rate — +$964 (+119%) since Jan 2020.
- 1 year
- Up $10,705 +3%
- $327,918$338,623 since Sep 2025
- 5 years
- Up $85,962 +34%
- $252,660$338,623 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Peotone$1,777
- Illinois$1,553
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 12 years.
Typical home values in Peotone, IL rose 3.3% over the past year — faster than the nation's +1.2%.
Living in Peotone, Will County, Illinois
Peotone is a village of 4,150 people in Will County. 77% of its homes are lived in by their owners and 23% are rented. Unemployment in Will County was 5.1% in August 2026, and the county had 1.6% more jobs in 2025 than the year before. The most residents work in schools and health care, then restaurants and hotels.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Peotone is a village in Will County, small enough that most homes are lived in by their owners, and typical home values and incomes sit comfortably in step with a county that is on the prosperous side. Winters are cold and snowy, with January the coldest month, while July brings warm summer days, and precipitation is steady through the year. A four-year degree is held by a fair share of adults, and the commute to work is a fairly long one.
Work. Residents work mostly in schools, hospitals and social care, followed by restaurants, hotels and entertainment, shops, and manufacturing. The largest workplaces in Peotone include the school district, Peotone CUSD, along with Dralle Chevrolet & Buick and Cleveland Steel Container Corporation. Unemployment across Will County is higher than it was a year earlier, though the county has added jobs over the past year, and some residents work from home.
Things to do. The closest spot for a day out is Monee Reservoir, a reservoir a short drive away. A longer drive brings you to Kankakee River State Park, a protected area along the river, and to Midewin National Tallgrass Prairie, another protected area of open prairie. Both suit a walk or a quiet afternoon outdoors.
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- 1,719households
- 35%of adults have a degree
- 4%below the poverty line
- 29 mintypical commute
- 13%work from home
What residents work in
Employed residents by industry, from the Census survey. Will County had 267,868 jobs in 2025, 1.6% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 31° and lows near 15°; warmest in July, with highs near 84° and lows near 64°. About 28 inches of snow and 42 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Park Forest weather station, 13 miles away (NOAA).
Largest workplaces in Peotone
- Peotone CUSD 207USchool district242FTE
- Dralle Chevrolet & BuickAutomobile dealers, new only or new and used45
- Cleveland Steel Container Corporation - PeotoneContainers, light gauge metal, manufacturing36
- Brown Strauss, Inc. - PeotoneStorage tanks, metal, merchant wholesalers25
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 3 workplaces with 20 or more staff, 106 people in all. School districts come from the Common Core of Data (NCES, 2023–24); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Cold wavesRelatively high
- Inland floodingRelatively high
- TornadoesRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Peotone’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Will County and the Chicago-Naperville-Elgin, IL-IN-WI metro.
Peotone home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Peotone$338,623
- Illinois$295,943
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Market heat, inside the city limits
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Peotone18
New listings per month
Sellers arriving at the market.
- Peotone5
Zip codes with a Peotone address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Peotone — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.