Home Price Key
Affordable
Average
Expensive
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 $169,556, lower than the Illinois average of $242,002.
The average cost of rent is $846/mo in Peru, primarily driven by the current value of real estate in the Peru area. While nearly 54.10% of residents own their homes outright in Peru, 27.95% rent.
Housing affordability isn’t just about home prices, though. The average household income in Peru is $4,894 per month. Households that rent pay about 17.28% of their income on rent here. Peru's most expensive areas are in the central regions, while the cheapest areas are in the western parts of the city.
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