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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 $213,486, lower than the New York average of $610,895.
The average cost of rent is $982/mo in Peru, primarily driven by the current value of real estate in the Peru area. In Peru, 21.94% of households rent, and 38.30% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Peru is $8,472 per month. Households that rent pay about 11.59% of their income on rent here. Peru’s most expensive areas are in the central regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
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