Market Overview
Home Prices in Peru, IN
The median home value in Peru, IN is $158,206 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 10% compared to a year ago and up 5.9% from two years prior.
Compared to the U.S. national median of $410,000, homes in Peru are priced61% below average. Peru is part of the Peru, IN metro area.
Over the past five years, Peru home values have risen by approximately39.9%, reflecting strong long-term appreciation in this market.
Price History
Peru Home Price Trend
2020
$95,769
$96K
—
2021
$113,045
$113K
+18.0%
2022
$125,254
$125K
+10.8%
2023
$129,145
$129K
+3.1%
2024
$135,829
$136K
+5.2%
2025
$143,832
$144K
+5.9%
2026
$158,206
$158K
+10.0%
City Comparison
Peru vs. National Median
🏠 Peru
$158,206
National Median
$410,000
At $158,206, homes in Peru cost 61% below the national median of $410,000. This makes Peru a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Peru?
20% Down Payment
$31,641
on $158,206
Monthly P&I
$825/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,048/mo
incl. taxes & insurance
Income Needed
$41,920
gross annual (30% rule)
10% Down Option
$15,821
+ PMI applies
Loan Amount (20% dn)
$126,565
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Peru, IN?
The median home value in Peru is $158,206 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 10% year-over-year.
How much have home prices changed in Peru?
Over the past year, home values in Peru have increased by 10%. Over five years, prices have risen approximately 39.9%.
How much do I need to earn to buy a home in Peru?
To comfortably afford the median home price of $158,206 with a 20% down payment ($31,641) at today's rates (6.8%), you'd need a gross annual income of approximately $41,920. This assumes keeping total housing costs at or below 30% of gross income.
How does Peru compare to the national average home price?
The national median home value is approximately $410,000. At $158,206, homes in Peru are 61% below the national average.
What metro area is Peru part of?
Peru is part of the Peru, IN metropolitan area. Home prices and market conditions can vary across the broader metro region.