Expensive
Affordable
Affordable
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These days, finding an affordable place to live in the Peru area can be challenging. Home prices in Peru are now at a median cost of $286,482, higher than the Iowa average of $226,062.
The average cost of rent is $1,206/mo in Peru, primarily driven by the current value of real estate in the Peru area. In Peru, 6.99% of households rent, and 42.48% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Peru is $8,744 per month. Households that rent pay about 13.79% of their income on rent here. Peru’s most expensive areas are in the northern regions, while the cheapest areas are in the eastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- East Peru, IA: equally priced homes
- Winterset, IA: less expensive homes
- Truro, IA: less expensive homes
- Hanley, IA: equally priced homes
- Patterson, IA: higher priced homes
- St. Charles, IA: equally priced homes
- Lorimor, IA: less expensive homes
- Macksburg, IA: equally priced homes
- Bevington, IA: higher priced homes
- St. Marys, IA: higher priced homes
Cities with Similar Populations
- Wallace, WV: less expensive homes
- Farris, OK: less expensive homes
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- Flowella, TX: less expensive homes
- Westminster, TX: higher priced homes
- West Wildwood, NJ: higher priced homes
- West Rupert, VT: higher priced homes
- West Pawlet, VT: less expensive homes
- Webbtown, VA: higher priced homes
- Watrousville, MI: less expensive homes
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