In Peru, a typical home is worth $92,500 and typical rent is $826 a month. Compared with all of Miami County, the typical home value is 27% lower and typical household income is 25% lower.
Typical home value from Zillow, September 2021 to September 2026: from $110,933 to $153,347.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Peru is in Miami County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Miami County. See the county
What this place has that others do not, from public data, most unusual first.
1
Peru has the 5th lowest typical home value of the 134 cities in Indiana with more than 5,000 people ($92,500).
2
According to Zillow, in the 12 months to September 2026 the typical home value in Peru rose 8.1%; in Indiana, it rose 2.9%.
3
The typical household income in Peru is $46,159,25% less than in Miami County as a whole ($61,139).
Sources: U.S. Census Bureau (Average 2020–2024); Zillow (September 2026 data). Zillow data
The homes here
Housing in Peru
What homes there are in Peru, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Peru
Miami County
Indiana
United States
Kind of home: Peru and its comparisons
Measure
Peru
Miami County
Indiana
United States
Detached house
77%
76%
73%
61%
Attached house
Unreliable estimate
5%
4%
6%
Building of 2 to 4
8%
6%
6%
8%
Apartments (5 or more)
Unreliable estimate
4%
13%
19%
Mobile home
8%
10%
4%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
In Peru, 8 in 10 homes are single-family detached houses, about the same as in Miami County.
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Peru
Miami County
Indiana
United States
Year built: Peru and its comparisons
Measure
Peru
Miami County
Indiana
United States
Before 1960
66%
49%
31%
26%
1960–1979
18%
23%
24%
24%
1980–1999
12%
17%
23%
25%
2000–2009
Unreliable estimate
7%
12%
14%
2010 or later
Unreliable estimate
3%
10%
11%
There are fewer big homes in Peru than in Miami County: 61% have 3 bedrooms or more, against 70%.
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K57%
$100K–$200K36%
$200K–$300KUnreliable
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Peru and its comparisons
Measure
Peru
Under $100K
57%
$100K–$200K
36%
$200K–$300K
Unreliable estimate
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable estimate
Monthly rent with utilities
Under the limitOver the limitUnreliable estimate
Under $50019%
$500–$99948%
$1,000–$1,49931%
HUD fair market rent, 2 bedrooms: $1,014
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Peru and its comparisons
Measure
Peru
Under $500
19%
$500–$999
48%
$1,000–$1,499
31%
$1,500–$1,999
Unreliable
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable estimate
By rent, most homes in Peru cost less than HUD's 2-bedroom fair market rent ($1,014): about 68%.
With a mortgage
$853 a month
Miami County: $1,074 a month
Without a mortgage
$414 a month
Miami County: $434 a month
Owners with a mortgage
50%
Miami County: 53%
The typical cost for an owner with a mortgage in Peru is $853 a month, less than in Miami County ($1,074); without one, $414.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Peru+51%
Miami County+42%
Indiana+54%
United States+53%
Typical rent
Peru+21%
Miami County+17%
Indiana+29%
United States+33%
Typical household income
Peru+18%
Miami County+21%
Indiana+28%
United States+29%
Change since 2015–2019: Peru and its comparisons
Measure
Peru
Miami County
Indiana
United States
Typical home value
+51%
+42%
+54%
+53%
Typical rent
+21%
+17%
+29%
+33%
Typical household income
+18%
+21%
+28%
+29%
The typical home value in Peru rose 51% since 2015–2019, more than in Miami County (42%).
Rents in Peru rose faster than in Miami County: 21% since 2015–2019, against 17%.
Housing prices ran ahead of income in Peru: typical income rose 18%, against +51% for home values and +21% for rent.
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Peru and its comparisons
Measure
Peru
Miami County
Indiana
United States
Rental vacancy
Unreliable estimate
8.1%
5.6%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
Unreliable estimate
1.8%
3.4%
People per household
2.43
2.50
2.46
2.53
Drive alone
83%
84%
76%
69%
Carpool
10%
9%
9%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
Unreliable estimate
2%
3%
Work from home
5%
5%
11%
15%
Other means
Unreliable estimate
Unreliable estimate
1%
2%
Typical commute
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
20 to 29 minutes
By size, households in Peru look like those in Miami County: 2.43 people on average.
To get to work, 83% of workers in Peru drive alone; in Miami County, 84%.
Do the math
What would you pay each month for a home in Peru?
A typical home is within reach of the typical income
We start with a typical home in Peru, worth $92,500, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 20% of the typical household income in Peru, which is $46,159 a year.
The calculator's FHA and conventional loan limits are those of all of Miami County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Peru. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $3,238 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$751
at 7.18% · 30 years
Loan amount
$90,824
Total interest
$130,675
Paid off in
November 2056
Includes $1,562 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,077 a month
Your payment · 20%
Tight
$1,077 to $1,385 a month
Hard
more than $1,385 a month
Compared with the typical household income in Peru ($46,159 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$615
Property tax
$56
Home insurance
$39
FHA mortgage insurance (MIP)
$41
You need at least $3,238 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $751; principal and interest $615.
The city and its county
Peru and Miami County
Peru is in Miami County, Indiana. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Peru
Map of Miami County, Indiana, with Peru marked. Around it, the neighboring counties.
Peru
Miami County
Other cities with a page
Peru's own numbers
Typical home value
$92,500
Typical monthly rent
$826
Typical yearly household income
$46,159
Households that own their home
71%
Effective property tax rate
0.73%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Miami County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,014
Price change over 5 years (FHFA)
+48%
Homes in a high flood-risk zone
2%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Miami County.
A typical home in Peru is worth $92,500: 27% below the county and 58% below Indiana. With the typical household income in Peru ($46,159 a year), a typical home costs 2.0 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Peru2.0 years
Miami2.1 years
Indiana3.0 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Miami County
According to FHFA’s house price index, home prices in Miami County rose 85% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Miami County.
Yearly change in FHFA’s price index in Miami County, 2016 to 2025
2016: +3.1% +3.1% 2016
2017: −1.8% −1.8% 2017
2018: +10.7% +10.7% 2018
2019: +5.9% +5.9% 2019
2020: +5.2% +5.2% 2020
2021: +9.2% +9.2% 2021
2022: +15.4% +15.4% 2022
2023: +7.2% +7.2% 2023
2024: +9.0% +9.0% 2024
2025: +0.7% +0.7% 2025
Change in FHFA’s price index in Miami County, Indiana and the United States
Period
County
Indiana
U.S.
Last year (2025)
+0.7%
+4.3%
+2.9%
5 years (2020–2025)
+48%
+53%
+47%
10 years (2015–2025)
+85%
+95%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Peru next to Miami County, Indiana and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Peru$92,500
Miami$126,200
Indiana$218,200
United States$332,700
Typical monthly rent
Peru$826
Miami$838
Indiana$1,062
United States$1,413
Typical yearly household income
Peru$46,159
Miami$61,139
Indiana$71,957
United States$80,734
See the full table
Peru next to Miami County and Indiana
Measure
Peru
Miami County
Indiana
U.S.
Typical home value
$92,500 ▼27% below the county
$126,200
$218,200
$332,700
Typical monthly rent
$826
$838
$1,062
$1,413
Typical yearly household income
$46,159 ▼25% below the county
$61,139
$71,957
$80,734
Households that own their home
71% ▼5 points below the county
76%
71%
65%
Typical yearly property tax
$676 ▼11% below the county
$756
$1,614
$3,119
Effective property tax rate
0.73% ▲0.13 points above the county
0.6%
0.74%
0.94%
Renters with high rent for their income
52% ▲11 points above the county
40%
48%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Miami County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Peru
For a typical $92,500 home in Peru, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Peru's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$751a month
Least cash to close
Down payment
$3,238
Cash to close
$6,013
Rate
7.18%
Mortgage insurance
FHA MIP · $41
Conventional, 5% down$734a month
Down payment
$4,625
Cash to close
$7,400
Rate
7.18%
Mortgage insurance
PMI · $44
Conventional, 20% down, no PMI$596a month
Down payment
$18,500
Cash to close
$21,275
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$682a month
Down payment
$13,875
Cash to close
$16,650
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Peru
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$751
$3,238
$90,825
7.18%
FHA MIP · $41
$6,013
580
Conventional, 5% down
$734
$4,625
$87,875
7.18%
PMI · $44
$7,400
620*
Conventional, 20% down, no PMI
$596
$18,500
$74,000
7.18%
None
$21,275
620*
ITIN, 15% down (example)
$682
$13,875
$78,625
8.18%
None
$16,650
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Peru is $826 a month: about the same as the county. In Peru, 52% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Miami County, by unit size. To pay the 2-bedroom one ($1,014 a month) without spending more than 30% of your income, you would need to earn $19.50 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Miami County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$759
$14.60
$30,360
1 bedroom
$827
$15.90
$33,080
2 bedrooms
$1,014
$19.50
$40,560
3 bedrooms
$1,208
$23.23
$48,320
4 bedrooms
$1,412
$27.15
$56,480
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Peru
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Peru is in ZIP code 46970.
For 2 bedrooms it is $1,040: $26 more than the fair market rent for Miami County ($1,014).
Fair market rent by ZIP code and size in Peru, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
46970
$780
$850
$1,040
$1,240
$1,450
ZIP code2 bd3 bd
46970 $1,040$1,240
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Peru when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
HUD lists 4 buildings with rents for lower incomes in Peru. These are the largest.
Eastwood Place701 E Main St, Peru 46970105 homes, 103 low-income · Run by Housing Authority of the City of Peru · Average payment: $358 a month · Average wait: 3 months(765) 473-6601
Farmington Estates Phase II2841 S Hilltop Dr, Peru 4697048 low-income homes · 1 bd: 4 · 2 bd: 28 · 3 bd: 16 · In service since 2004 · For older adults
Arrowhead Estates Phase I901 Apache Dr, Peru 46970100 homes, 44 low-income · For families(765) 472-3934
Arrowhead Estates Phase II901 Apache Dr, Peru 4697044 low-income homes · For families(765) 472-3934
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
We found no HUD-approved agencies with an office in Miami County. The nearest ones are below; many serve by phone or online.
No down payment, repair or rent-help program on our list is for Peru or Miami County. The ones below are statewide in Indiana: they work in Peru the same as in the rest of the state.
Indiana state agency program with down payment assistance of 2.5% or 3.5% of the price, alongside a 30-year FHA or conventional mortgage.Offered by Indiana Housing and Community Development Authority (IHCDA).
Indiana state agency 30-year FHA or conventional mortgage for first-time buyers (or homes in designated areas), with down payment assistance as a second mortgage with no interest or payments, repaid when the first mortgage ends.Offered by Indiana Housing and Community Development Authority (IHCDA).
No legal help resource on our list is for Peru or Miami County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Peru and all of Miami County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Peru?
The typical home value in Peru is $92,500, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Miami County it is $126,200.
How much does it cost to rent in Peru?
Typical rent in Peru is $826 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Miami County is $1,014.
What is the FHA loan limit in Peru?
Peru uses the FHA limit for all of Miami County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Peru?
The typical homeowner in Peru pays $676 a year, according to the U.S. Census Bureau. That is 0.73% of the home’s value; in Miami County, the rate is 0.6%.
Where can I find free help to buy or rent in Peru?
We found no HUD-approved counseling agencies with an office in Miami County; the nearest ones are on this page. They can help you get ready to buy, with your credit, or with rent.
