The housing market in Peru, IL is an attractive option for potential homeowners. The median value of houses in the area is $143,300, which is significantly lower than the US median value of $338,100. Over the past year, prices have appreciated by 6.44%, which is below the national average appreciation rate of 8.27%. This could be an opportunity to purchase a home at an affordable price before further appreciation occurs. With its relatively low cost and reasonable appreciation rate, Peru, IL has a great housing market worth considering when searching for a place to live.
The median home cost in Peru is $143,300. Home appreciation the last 10 years has been 36.1%. Home Appreciation in Peru is up 8.8%.
Average Age of Homes
- The median age of Peru real estate is 61 years old
The Rental Market in Peru
- Renters make up 23.2% of the Peru population
- 0.4% 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.