Mexico, Indiana.
Typical home $160,397 (+8.5% in a year). Peru, IN metro.
to buy the typical home at today's mortgage rate — +$509 (+153%) since Jan 2020.
- 1 year
- Up $12,512 +8%
- $147,885$160,397 since Sep 2025
- 5 years
- Up $48,891 +44%
- $111,506$160,397 since Sep 2021
Monthly payment to buy the typical home
Home value × that month's 30-year mortgage rate, 20% down, principal and interest. This is the line households feel: prices and rates compound each other.
- Mexico$842
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 10 years.
Typical home values in Mexico, IN rose 8.5% over the past year — faster than the nation's +1.2%.
Living in Mexico, Miami County, Indiana
Mexico, in Miami County, had 915 people in the 2020 census. Half its households earn more than $87,635 a year and half less, against $61,139 across Miami County; 2% of its people live below the poverty line. Unemployment in Miami County was 3.6% in August 2026, and the county had 0.3% more jobs in 2025 than the year before. The most people in Miami County work in manufacturing, then schools and health care.
Written by AI Claude Sonnet 5.5 wrote this on 23 October 2026 from the figures here, a list of nearby places and what it knows. It can be wrong or out of date.
What it’s like
The place. Mexico is a small community in Miami County, Indiana, home to fewer people than most towns its readers will know. Household incomes here run well above the county's, and very few residents live below the poverty line. Winters are cold, with January the coldest month, and summers are warm in July, with a fair amount of snow and rain through the year.
Work. Residents work mostly in manufacturing, in schools, hospitals and social care, in shops, and in restaurants, hotels and entertainment, and only a small share work from home. Across Miami County, some of the largest workplaces are Smithfield Foods - Peru, Maconaquah School and Dukes Memorial Hospital. Unemployment in the county is lower than it was a year ago, and the number of jobs has edged up slightly.
Things to do. A short drive away, the International Circus Hall of Fame is a museum devoted to circus history, and Pipe Creek offers a stretch of river close to home. A longer drive brings you to Lake Manitou, a lake good for a day by the water, and to the Spencer Park Dentzel Carousel, a tourist attraction built around a classic carousel.
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- 2%below the poverty line
- 3%work from home
What people in Miami County work in
Employed residents by industry, from the Census survey. Miami County had 9,103 jobs in 2025, 0.3% more than the year before (Bureau of Labor Statistics).
Weather through the year
Coldest in January, with highs near 34° and lows near 18°; warmest in July, with highs near 85° and lows near 64°. About 20 inches of snow and 40 inches of rain and melted snow a year.
Average daily high and low, 1991–2020, at the Wabash weather station, 15 miles away (NOAA).
Largest workplaces in Miami County
- Smithfield Foods - PeruCured meats made from purchased carcasses521
- Maconaquah School CorpSchool district273FTE
- Peru Community SchoolsSchool district221FTE
- Dukes Memorial HospitalCritical access hospital190FTE
- Progress RailRailroad rolling stock manufacturing187
- FedExCourier and express delivery services157
- Miami County621420 outpatient mental health and substance abuse centers151
- Dean Baldwin PaintingAircraft maintenance and repair services133
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 18 workplaces with 20 or more staff, 2,077 people in all across the county; Mexico has none of its own. School districts come from the Common Core of Data (NCES, 2023–24) and hospitals from their Medicare cost reports (CMS, 2023); FTE marks full-time equivalent staff. Not listed: many offices and banks, which need not report to OSHA; military bases, whose staff OPM withholds; and, in about half the states, city and county governments.
Natural hazards
- Strong windRelatively high
- HailRelatively high
- Cold wavesRelatively high
- Winter weatherRelatively high
- Inland floodingRelatively high
- TornadoesRelatively high
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Mexico’s census tracts, against the rest of the country; all of them together, relatively moderate. It is meant for planning, not a substitute for a local risk assessment or a flood map: FEMA’s index.
From the U.S. Census Bureau’s 2020 census and its American Community Survey (2020–2024 five-year estimates), and the Bureau of Labor Statistics. A survey, so each figure has a margin of error, and figures it is not sure of are left out. More on Miami County and the Peru, IN metro.
Mexico home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Mexico$160,397
- Indiana$257,165
- United States$366,157
When this market ran hot
Each cell is that month's year-on-year home-value growth. Read left to right, top row is the latest year — the 2021–22 band is the boom.
Zip codes with a Mexico address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Mexico — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.