Peru, IN home prices
Typical home $162,324 · +7.3% in a year · income needed $44,400
The Peru, IN metro area ranks 784 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +7.3% in a year and +34.8% over five years. With 20% down at 7.11%, the typical home costs about $1,036 a month including 0.6% property tax (Miami County rate).
Mortgage on the typical Peru home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $32,465 | $129,859 | $874 | $0 | $162 | $1,036 | $44,400 |
| 10% down | $16,232 | $146,092 | $983 | $61 | $162 | $1,206 | $51,700 |
| 5% down | $8,116 | $154,208 | $1,037 | $64 | $162 | $1,264 | $54,200 |
| 3.5% down (FHA) | $5,681 | $159,384 | $1,072 | $72 | $162 | $1,306 | $56,000 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.6% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Peru area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Miami County, IN | $162,402 | +7.3% | 0.6% |
What can you afford in Indiana on your salary? · Indiana home prices · Salaries in Indiana
Frequently asked questions
How much is a house in Peru?
The typical home in the Peru, IN metro area is worth $162,324 (Zillow, September 2026).
What salary do you need to buy a house in Peru?
About $44,400 a year for the typical home with 20% down at 7.11%.