Peru, Indiana.
Typical home $153,347 (+8.1% in a year), asking rent $825 . Peru, IN metro.
to buy the typical home at today's mortgage rate — +$482 (+149%) since Jan 2020.
- 1 year
- Up $11,499 +8%
- $141,848$153,347 since Sep 2025
- 5 years
- Up $42,415 +38%
- $110,933$153,347 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.
- Peru$805
- Indiana$1,350
- United States$1,922
At the last five years' pace, a typical home here doubles in price every 11 years.
Typical home values in Peru, IN rose 8.1% over the past year — faster than the nation's +1.2%.
Living in Peru, Miami County, Indiana
Peru is a city of 11,073 people in Miami County. Half its households earn more than $46,159 a year and half less, against $61,139 across Miami County; 24% of its people live below the poverty line. 71% of its homes are lived in by their owners and 29% are rented. 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 residents 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 It can be wrong or out of date.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. Peru is a small city in Miami County, Indiana, with a population somewhat older than a typical American town. Most homes are lived in by their owners, and typical home values and rents are modest. Household incomes run well below the county's, and a good many residents live below the poverty line. Winters are cold, with snow most years, and summers are warm, with rain and melted snow spread through the year.
Work. Residents work mostly in manufacturing, in schools, hospitals and social care, and in shops. Among the largest workplaces in Peru are Peru Community Schools, Dukes Memorial Hospital and Progress Rail. Fewer adults hold a four-year degree than in many places, the typical commute is fairly short, and few people work from home. Unemployment in the county is lower than it was a year earlier, and the number of jobs has edged up slightly.
Things to do. The International Circus Hall of Fame, a museum, is in or beside town. A short drive away are the Grissom Air Museum and Pipe Creek, a river. A longer drive brings you to Lake Manitou, a lake that suits a day out.
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- 4,440households
- 16%of adults have a degree
- 24%below the poverty line
- 22 mintypical commute
- 5%work from home
What residents 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, 13 miles away (NOAA).
Largest workplaces in Peru
- Peru Community SchoolsSchool district221FTE
- Dukes Memorial HospitalCritical access hospital190FTE
- Progress RailRailroad rolling stock manufacturing187
- Miami County621420 outpatient mental health and substance abuse centers151
- Trilogy Health ServicesNursing care facilities skilled nursing facilities118
- Heraeus Electro-Nite Co., PeruTemperature instruments, industrial process-type, manufacturing101
- Kroger Central KMASupermarkets and other grocery except convenience stores101
- The Waters of Peru SNFSkilled nursing facilities57
Staff on average in 2025, as each workplace reported it to OSHA with its injury records: 10 workplaces with 20 or more staff, 1,011 people in all. 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
- Cold wavesRelatively high
- Hailrelatively high in parts of PeruRelatively moderate
- Inland floodingrelatively high in parts of PeruRelatively moderate
- Winter weatherrelatively high in parts of PeruRelatively moderate
- Tornadoesrelatively high in parts of PeruRelatively moderate
FEMA’s National Risk Index (December 2025) rates the risk each natural hazard poses to the people, buildings and farms in Peru’s census tracts, against the rest of the country; all of them together, relatively low. 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.
Peru home values
Zillow measures a city over its municipal boundary. Against the state and national figures, mid-tier homes, smoothed and seasonally adjusted.
- Peru$153,347
- Indiana$257,165
- United States$366,157
Sellers are cutting prices on about 1 in 3 Peru listings — the market is roughly in balance.
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.
Market heat, inside the city limits
Share of listings with a price cut
The early-warning dial: sellers cut when buyers stop reaching. Rising cuts cool a market months before prices notice.
- Peru30.42%
- United States26.90%
Homes for sale
Active for-sale inventory. More supply hands power to buyers.
- Peru102
New listings per month
Sellers arriving at the market.
- Peru32
Median sale price
What buyers actually paid — closed sales, not asking prices.
- Peru$162,928
- United States$370,717
Zip codes with a Peru address
A different geography, not a breakdown. The figure above covers the municipality; these zips cover everywhere the Post Office calls Peru — often including townships beyond the city limits. Both come straight from Zillow, and they are not expected to average out.