Peru, IL—61354
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Peru, IL
Peru, IL lacks sufficient home price data for analysis.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $173,000 | 7.6% |
| Single Family | $173,000 | 8.1% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $134,000 | 8.1% |
3 Bed | $188,000 | 8.0% |
4 Bed | $226,000 | 7.6% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Peru, IL
As of July '25, Rentcast reports the average rent in Peru, IL is $1,200, with a year-over-year rent change of -8.4%. Per bedroom, the median rent as of July '25 in Peru, IL is 1-bedrooms: $795, 2-bedrooms: $994, 3-bedrooms: $1,650. The most common rental property sizes in Peru, IL are 2-bedroom and 1-bedroom, accounting for 54.9% and 21.8% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $955 | $1,200 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $795 | $795 |
| 2 Bed Rent | $955 | $994 |
| 3 Bed Rent | $1,700 | $1,650 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Peru, IL
As of Oct '25, Realtor.com reports that the median days on market for a home in Peru, IL is 57. This is a decrease of -4.0% 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 20.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $176,000 | -10.0% |
Listing Count | 30 | 65.0% |
| Listings as % of Homes | 0.3% | 65.0% |
Days on Market | 57 | -4.0% |
Demographics — Peru, IL
As of the latest ACS Survey released in 2023, Peru, IL has a population of 10,400, which has decreased by -2.1% over the past 5 years. Peru, IL is a moderately popular place for families, as children make up 21.1% of the population. The area has a poorly educated workforce, with 21.1% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 3.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 10,400 | -2.1% |
% Under 18 | 21.1% | 9.3% |
% Seniors | 24.5% | -2.4% |
% WFH | 3.6% | 9.1% |
% w/ College Degree | 21.1% | -4.5% |
As of the latest ACS Survey released in 2023, Peru, IL is a predominantly white area, with 85.2% of the population identifying as white. The white population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Peru, IL is hispanic, making up 9.7% of the population. Foreign-born residents account for 5.7% of the population in Peru, IL, and this percentage has increased by 29.5% 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 | 85.2% | -4.2% |
% Black | 0.9% | 125.0% |
% Hispanic | 9.7% | 16.9% |
% Asian | 1.6% | 60.0% |
% Foreign Born | 5.7% | 29.5% |
Mortgage and Risk — Peru, IL
According to HUD data as of 2023, there were 88 mortgage originations in Peru, IL, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 80.0%, with 31.0% above 90% LTV (very high). This implies large mortgage risk in Peru, IL. Investor activity is low, as 11.0% 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 | 88 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 11.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 6.0% |
Loan Activity
Rentals and Section 8 — Peru, IL
Peru, IL lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 126 |
Total Units Section 8 | 59 |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | 86.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$105 | $795 | $690 |
| 2 Bedroom | -$55 | $955 | $900 |
| 3 Bedroom | -$490 | $1,700 | $1,210 |
| 4 Bedroom | N/A | N/A | $1,360 |
Affordability — Peru, IL
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.1 |
| Median Home Price | $173,000 |
| Median Household Income | $69,400 |