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 $238,593, higher than the Missouri average of $194,908.
The average cost of rent is $799/mo in Peru, primarily driven by the current value of real estate in the Peru area. While nearly 42.78% of residents own their homes outright in Peru, 13.32% rent.
Housing affordability isn’t just about home prices, though. The average household income in Peru is $6,416 per month. Households that rent pay about 12.46% of their income on rent here. Peru's most expensive areas are in the northern regions, while the cheapest areas are in the northeastern parts of the city.
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