Peru, IL housing market
The typical Peru home is worth about $184,000, up 5.9% in a year, 38% below the Illinois typical home. Homes typically sell in 52 days, below asking.
Home values, sales, trends and how Peru compares with the towns next door — updated as new data is published.
Peru at a glance
A seller's market
Supply is tight — about 2.4 months of homes for sale at the current pace. Buyers should expect competition on well-priced homes.
Typical home value, 2016–2026
Show as a table
| January | Peru | Illinois |
|---|---|---|
| 2017 | $109,000 | $181,000 |
| 2018 | $114,000 | $190,000 |
| 2019 | $121,000 | $195,000 |
| 2020 | $127,000 | $200,000 |
| 2021 | $132,000 | $215,000 |
| 2022 | $149,000 | $236,000 |
| 2023 | $149,000 | $248,000 |
| 2024 | $158,000 | $263,000 |
| 2025 | $168,000 | $278,000 |
| 2026 | $183,000 | $290,000 |
| August 2026 | $184,000 | $298,000 |
5 new homes permitted in 2025
Builders were permitted 5 new homes in Peru in 2025, all single-family houses, worth about $1.3 million to build. That's 0.5 per 1,000 residents, slower than across Illinois (1.6). Over the past 10 years, Peru has permitted 73 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Peru's population fell by 399 even though 59 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 6 | 6 | 0 | $1.9 million |
| 2025 | 5 | 5 | 0 | $1.3 million |
| 2024 | 14 | 14 | 0 | $4.9 million |
| 2023 | 18 | 16 | 2 | $6.5 million |
| 2022 | 3 | 3 | 0 | $650,000 |
| 2021 | 3 | 3 | 0 | $650,000 |
| 2020 | 3 | 3 | 0 | $650,000 |
| 2019 | 3 | 3 | 0 | $650,000 |
| 2018 | 3 | 3 | 0 | $650,000 |
| 2017 | 14 | 7 | 7 | $2.7 million |
| 2016 | 7 | 7 | 0 | $2.3 million |
| 2015 | 7 | 5 | 2 | $1.6 million |
| 2014 | 6 | 6 | 0 | $1.7 million |
| 2013 | 6 | 6 | 0 | $1.7 million |
| 2012 | 3 | 3 | 0 | $650,000 |
| 2011 | 4 | 4 | 0 | $600,000 |
| 2010 | 6 | 6 | 0 | $1.3 million |
| 2009 | 10 | 10 | 0 | $2.4 million |
| 2008 | 12 | 6 | 6 | $2.3 million |
| 2007 | 17 | 17 | 0 | $2.5 million |
| 2006 | 29 | 29 | 0 | $5.6 million |
| 2005 | 27 | 27 | 0 | $5.2 million |
| 2004 | 40 | 40 | 0 | $8.2 million |
| 2003 | 48 | 44 | 4 | $8.2 million |
| 2002 | 37 | 37 | 0 | $7.1 million |
| 2001 | 22 | 16 | 6 | $3.2 million |
| 2000 | 41 | 29 | 12 | $5.7 million |
How Peru ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Peru and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Peru | $184K | +5.9% | $960 | 5 | $74,808 |
| LaSalle | $143K | +6% | $1,170 | 7 | $57,732 |
| Peru | — | +6.6%† | $970 | — | $75,417 |
| Dalzell | $161K | +5.9% | $1,130 | 0 | $77,500 |
| LaSalle | — | +13.3%† | $1,070 | — | $61,240 |
| Dimmick | — | +9.1%† | $1,100 | — | $118,654 |
† FHFA price index change, where Zillow has no home value for the town.
2.5 years of income
The typical Peru home costs about 2.5 years of the town's median household income, less than across Illinois (3.6 years).
How Peru ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $960
HUD's Fair Market Rent for a two-bedroom in Peru is $960 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Peru pay a median of $921. A two-bedroom takes about 15% of the town's median household income.
Studio $690 · 4 bedrooms $1,520
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (61301, 61354; Bureau County, IL), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center, May 2026. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.