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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 $268,045, lower than the Massachusetts average of $625,090.
The average cost of rent is $1,425/mo in Peru, primarily driven by the current value of real estate in the Peru area. In Peru, 3.10% of households rent, and 35.72% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Peru is $7,490 per month. Households that rent pay about 19.03% of their income on rent here. Peru’s most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
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Cities with Similar Populations
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