Peru, NY—12972
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Peru, NY
As of Oct '25, the median home price in Peru, NY is $265,000, with a year-over-year change of 4.0%. This indicates that home prices in Peru, NY are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $265,000 | 4.0% |
| Single Family | $265,000 | 3.9% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $214,000 | 3.4% |
3 Bed | $263,000 | 3.5% |
4 Bed | $313,000 | 3.3% |
| 5 Bed | $339,000 | 3.4% |
% of Housing Stock
Rental Trends — Peru, NY
Peru, NY lacks sufficient rental market data for analysis.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | N/A | N/A |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Peru, NY
As of Oct '25, Realtor.com reports that the median days on market for a home in Peru, NY is 60. This is a decrease of -8.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 17.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $283,000 | -13.0% |
Listing Count | 24 | -7.0% |
| Listings as % of Homes | 0.7% | -7.0% |
Days on Market | 60 | -8.0% |
Demographics — Peru, NY
As of the latest ACS Survey released in 2023, Peru, NY has a population of 7,060, which has increased by 17.1% over the past 5 years. Peru, NY is a moderately popular place for families, as children make up 22.0% of the population. The area has a moderately educated workforce, with 33.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 7,060 | 17.1% |
% Under 18 | 22.0% | -9.8% |
% Seniors | 15.4% | -20.6% |
% WFH | 10.4% | 246.7% |
% w/ College Degree | 33.2% | 7.1% |
As of the latest ACS Survey released in 2023, Peru, NY is a predominantly white area, with 90.5% of the population identifying as white. The white population has shrunk by 5.9% in the last 5 years. The second most common race or ethnicity in Peru, NY is hispanic, making up 5.0% of the population. Foreign-born residents account for 5.1% of the population in Peru, NY, and this percentage has increased by 4.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 90.5% | -5.9% |
% Black | 1.1% | 22.2% |
% Hispanic | 5.0% | 212.5% |
% Asian | 0.4% | -50.0% |
% Foreign Born | 5.1% | 4.1% |
Mortgage and Risk — Peru, NY
According to HUD data as of 2023, there were 71 mortgage originations in Peru, NY, of which 76.0% of loans were conventional mortgages. The average loan-to-value was 71.0%, with 37.0% above 90% LTV (very high). This implies large mortgage risk in Peru, NY. Investor activity is low, as 0.0% of loans were by investors. 6.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 71 |
% Conventional Loans | 76.0% |
% Government Loans | 24.0% |
% Investor Loans | 0.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Peru, NY
Peru, NY lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 47 |
Total Units Section 8 | 47 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 96.4% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,040 |
| 2 Bedroom | N/A | N/A | $1,310 |
| 3 Bedroom | N/A | N/A | $1,580 |
| 4 Bedroom | N/A | N/A | $1,740 |
Affordability — Peru, NY
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 1.9 |
| Median Home Price | $265,000 |
| Median Household Income | $121,000 |