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Housing in Perry

A typical Perry home is worth roughly $359,000

Home prices around Perry have risen about 41% over the past 5 years.

Typical home value
$359K
▲ 1.1% in a year · IN $260K
Estimate
2-bedroom rent
$1,190
a month, utilities in · HUD
Median tax bill
$2,567
IN $1,614

What kind of housing town is Perry?

Read from the numbers below. The page puts what stands out first.

★ What stands out · Affordability

A typical home costs 5.4 years of income

More than across Indiana (3.6 years). Try your own numbers below.

You could afford about
$265,000
Typical Perry home $359K

That’s $94K short of a typical Perry home.

The typical home, each month
$2,120
Loan $1,780Tax $230Insurance $100

A two-bedroom rents for about $1,190 a month here, $930 less than owning.

How Perry ranks on affordability →

An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Perry’s typical property tax (0.78% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.

Renting

A two-bedroom rents for about $1,190

Renters already here pay a median of $1,222.

Fair Market Rent a month, utilities included

Studio$950
1 bedroom$1,050
2 bedrooms$1,190
3 bedrooms$1,550
4 bedrooms$1,870
53%
of households rent · IN 29%
12,601
renter households
56%
of renters spend 30%+ of income on rent · IN 48%
21%
of the median income, for a two-bedroom
$1,222
median rent paid today · Census

How Perry ranks on rent that’s easy to afford →

U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Bloomington, IN HUD Metro FMR Area): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.

Price trend

Home prices up 41% in 5 years

The federal house price index for the ZIP codes around Perry rose 41% over the past 5 years, slower than across Indiana (53%). Last year prices rose 1.1%. Carrying the Census median home value forward with that index puts the typical Perry home at roughly $359,000 today.

Perry areaIndiana
0%+50%+100%+150%+200%200020052010201520202025
+1.1%
past year
+41%
past 5 years
+81%
past 10 years
Estimated value

Carrying the Census median forward with the index puts a typical home at about $359K.

How Perry ranks on rising home prices →

Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Perry, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.

The homes

2 of Perry’s houses are on the National Register

Half of Perry’s homes were built before 1990.

History →
Owners and renters
Own 47%Rent 53%

Indiana: 71% own.

1990
typical home built · IN 1976
$2,567
median property tax bill · IN $1,614
0.78%
of a home’s value, a year in tax · IN 0.74%
1%
of homes are seasonal or vacation homes
Historic houses in Perry

U.S. Census Bureau, American Community Survey 2020-2024. Historic houses: National Register of Historic Places.

Next door

Perry vs. its neighbors

Perry is the priciest of 5 neighboring towns. Tap one to see its housing page.

Compare more
TownTypical value1-yr change2-bed rentMedian income
Perry$359K*+1.1%†$1,190$66,567
Van Buren$231K*+0.9%†$1,110$74,397
Clear Creek$256K*+1.5%†$1,170$84,150
Salt Creek$333K*+2.2%†$1,240$89,861
Bloomington$316K+1.4%$1,220$44,748

Typical value: Zillow Home Value Index; * Census median home value where Zillow has none. † FHFA price index change where Zillow has none. Rent: HUD Fair Market Rent. New homes: Census building permits.

Neighbors talk housing

What Perry buyers, sellers and renters are saying.

Town Square →
Weigh in
Is Perry still affordable for young families?

Your answer becomes a post in Town Square.

Start the conversation

Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Historic houses: National Register of Historic Places. Listings link to their publishers. The calculator is an estimate, not a loan offer.

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