A typical Peru Township home is worth roughly $113,000
Home prices around Peru Township have risen about 53% over the past 5 years.
Housing in Peru Township, in brief
Owning can cost less than renting
With 20% down at the calculator’s rate, the typical Peru Township home runs about $660 a month with tax and insurance. A two-bedroom rents for about $990. Can I afford it? ↓
Half the homes were built before 1938
Half of Peru Township’s homes were built before 1938, against 1976 for Indiana as a whole. Older homes can mean character, and also bigger heating and repair bills, so an inspection matters. The homes ↓
Written from the data on this page. There’s no Zillow index for Peru Township, so the typical value is an estimate: the Census median carried forward with the federal house price index; incomes, rents paid, taxes and ownership come from the Census American Community Survey.
Home prices up 53% in 5 years
The federal house price index for the ZIP code around Peru Township rose 53% over the past 5 years, about the same as across Indiana. Last year prices rose 2%. Carrying the Census median home value forward with that index puts the typical Peru Township home at roughly $113,000 today.
Carrying the Census median forward with the index puts a typical home at about $113K.
How Peru Township ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual) for the ZIP codes around Peru Township, weighted by land area. It tracks repeat sales of the same homes, so it shows how prices changed, not what homes cost.
A typical home costs 2.1 years of income
Less than across Indiana (3.6 years). Try your own numbers below.
That covers a typical Peru Township home, with $98K to spare.
A two-bedroom rents for about $990 a month here, $330 more than owning.
How Peru Township ranks on affordability →
An estimate, not a loan offer: payments of up to 28% of income, a 30-year fixed loan, Peru Township’s typical property tax (0.74% of value a year, from the Census) and insurance of about 0.35%. Mortgage insurance, HOA fees and other debts aren’t included.
A two-bedroom rents for about $990
Renters already here pay a median of $845, so moving in tends to cost more than staying put.
Fair Market Rent a month, utilities included
U.S. Department of Housing and Urban Development, Fair Market Rents by ZIP code (Cass County, IN): the 40th-percentile rent plus utilities for a standard unit. Median rent and renters: U.S. Census Bureau, American Community Survey.
74% of Peru Township households own their home
Half of Peru Township’s homes were built before 1938.
Indiana: 71% own.
U.S. Census Bureau, American Community Survey 2020-2024.
Peru Township vs. its neighbors
Peru Township is the least expensive of 8 neighboring towns. Tap one to see its housing page.
Compare more
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Peru Township | $113K* | +2%† | $990 | — | $52,881 |
| Pipe Creek Township | $154K* | +2.1%† | $990 | — | $61,313 |
| Washington Township | $119K* | +2%† | $990 | — | $48,723 |
| Jefferson Township | $131K* | +2%† | $990 | — | $74,013 |
| Butler Township | $233K* | +2%† | $990 | — | $67,434 |
| Peru | $155K | +8.9% | $990 | 47 | $46,159 |
| Miami Township | $226K* | +3.4%† | $980 | — | $100,179 |
| Erie Township | $254K* | +2.1%† | $990 | — | $66,000 |
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.
On the market in Peru Township
Listed in the past 60 days. Each opens on the listing site.
Neighbors talk housing
What Peru Township buyers, sellers and renters are saying.
Your answer becomes a post in Town Square.
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. Listings link to their publishers. The calculator is an estimate, not a loan offer.