The housing market in Peru, IN has had strong appreciation in the past year. The median value of homes is $113,500, a far cry from the national median of $338,100. This is an attractive feature for prospective homebuyers looking to invest money into real estate without spending a fortune. Despite the lower prices, housing values have appreciated by 9.99% over the past year—higher than the 8.27% national one-year appreciation rate. With such strong growth potential and low starting prices, Peru, IN has become an attractive destination for those looking to purchase real estate at reasonable prices.
The median home cost in Peru is $113,500. Home appreciation the last 10 years has been 72.1%. Home Appreciation in Peru is up 10.5%.
Average Age of Homes
- The median age of Peru real estate is 78 years old
The Rental Market in Peru
- Renters make up 29.0% of the Peru population
- 0.8% of houses and apartments in Peru, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.