Peru Metro Area, IN Housing

The housing market in the Peru, IN Metro Area is growing steadily, with median house values being $124,700. This is significantly lower than the United States median house value of $338,100. The US has seen a 1 year appreciation rate of 8.27%, while the Peru, IN Metro Area has an even higher 1 year appreciation rate of 12.85%. It is clear that this area is seeing a boom in its real estate market, making it an attractive investment opportunity for potential buyers.

The median home cost in Peru Metro Area is $124,700. Home appreciation the last 10 years has been 72.1%. Home Appreciation in Peru Metro Area is up 10.5%.

Average Age of Homes

- The median age of Peru Metro Area real estate is 60 years old

The Rental Market in Peru Metro Area

- Renters make up 22.0% of the Peru Metro Area population
- 1.8% of houses and apartments in Peru Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Peru, Indiana	United States
	14,921.0	139,647,020.0
	61	42
	$124,700	$338,100
	10.5%	16.6%
	52.1%	57.0%
	72.1%	101.1%
	$5.88	$10.98
	$576	$2,690
	65.0%	57.4%
	11.9%	11.2%
	23.1%	31.4%
Vacant Housing
	1.8%	1.9%
	0.2%	0.4%
	0.8%	0.7%
	2.1%	0.4%
	1.3%	3.6%
	5.7%	4.1%
Value of Owner-Occupied Housing
	5.0%	2.6%
	7.6%	2.4%
	10.2%	2.8%
	15.9%	3.9%
	12.6%	4.5%
	20.4%	11.3%
	12.0%	13.0%
	8.7%	20.1%
	4.9%	13.6%
	0.7%	8.3%
	0.7%	9.7%
	0.2%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	1.0%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	5.8%	13.6%
	5.8%	13.6%
	9.4%	13.6%
	8.7%	13.2%
	14.6%	14.8%
	9.4%	13.6%
	9.7%	10.0%
	4.2%	4.7%
	35.9%	12.2%

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