Market Overview
Home Prices in Peru, ME
The median home value in Peru, ME is $238,682 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's down 2.4% compared to a year ago and up 0.6% from two years prior.
Compared to the U.S. national median of $410,000, homes in Peru are priced42% below average.
Over the past five years, Peru home values have risen by approximately15.3%, reflecting steady appreciation in this market.
Price History
Peru Home Price Trend
2020
$159,290
$159K
—
2021
$206,944
$207K
+29.9%
2022
$237,385
$237K
+14.7%
2023
$236,810
$237K
-0.2%
2024
$242,929
$243K
+2.6%
2025
$244,498
$244K
+0.6%
2026
$238,682
$239K
-2.4%
City Comparison
Peru vs. National Median
🏠 Peru
$238,682
National Median
$410,000
At $238,682, homes in Peru cost 42% 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
$47,736
on $238,682
Monthly P&I
$1,245/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,581/mo
incl. taxes & insurance
Income Needed
$63,240
gross annual (30% rule)
10% Down Option
$23,868
+ PMI applies
Loan Amount (20% dn)
$190,946
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, ME?
The median home value in Peru is $238,682 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's down 2.4% year-over-year.
How much have home prices changed in Peru?
Over the past year, home values in Peru have decreased by 2.4%. Over five years, prices have risen approximately 15.3%.
How much do I need to earn to buy a home in Peru?
To comfortably afford the median home price of $238,682 with a 20% down payment ($47,736) at today's rates (6.8%), you'd need a gross annual income of approximately $63,240. 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 $238,682, homes in Peru are 42% below the national average.