Peru, IL 61354 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Peru, IL—61354

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$173,000

7.7% YoY Growth

Household Income

$69,400

36.6% YoY Growth

Days on Market

101

44.0% Longer YoY

Home Price Forecast

N/A

Median Rent

$955

8.4% YoY Growth

1-Bed Rent

$795

12.8% YoY Growth

2-Bed Rent

$955

27.4% YoY Growth

3-Bed Rent

$1,700

23.1% YoY Growth

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	7.7%
Single Family	$172,000	7.5%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed	N/A	N/A

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

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% of Rental Stock

Studio

3.2%

1 Bedroom

21.8%

2 Bedrooms

54.9%

3 Bedrooms

11.4%

4 Bedrooms

5.1%

5+ Bedrooms

3.5%

Property Listings — Peru, IL

As of Dec '25, Realtor.com reports that the median days on market for a home in Peru, IL is 71. This is a increase of 18.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$196,000	4.0%
Listing Count	21	25.0%
Listings as % of Homes	0.3%	25.0%
Days on Market	101	44.0%

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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%

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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%

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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%

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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

Peru, IL—61354

Key Metrics at a Glance

Home Price Trends — Peru, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Peru, IL

% of Rental Stock

Property Listings — Peru, IL

Demographics — Peru, IL

Race and Ethnicity

Mortgage and Risk — Peru, IL

Mortgages

Rentals and Section 8 — Peru, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Peru, IL

Home Price to Income Ratio

Peru, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Dalzell, IL

Cedar Point

Spring Valley, IL

Standard

Spring Valley, IL

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.1
Median Home Price	$173,000
Median Household Income	$69,400

Peru, IL—61354

Key Metrics at a Glance

Home Price Trends — Peru, IL

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Peru, IL

% of Rental Stock

Property Listings — Peru, IL

Demographics — Peru, IL

Race and Ethnicity

Mortgage and Risk — Peru, IL

Mortgages

Rentals and Section 8 — Peru, IL

Section 8 Market Size

Section 8 Opportunity

Affordability — Peru, IL

Home Price to Income Ratio

Peru, IL — ZIP Code Boundary Map

Nearby ZIP Codes

Dalzell, IL

Cedar Point

Spring Valley, IL

Standard

Spring Valley, IL

Frequently Asked Questions

What is the average home price in Peru, IL 61354?

How have home prices in Peru, IL 61354 changed over the past year?

What is the home price projection for Peru, IL 61354?

What are the demographics of Peru, IL 61354?

How long does it take homes to sell in Peru, IL 61354?

What is the average rent price in Peru, IL 61354?