Peru, IN Foreclosures
How much do homes sell for in Peru, IN?
The average home price is currently $180,154.
In Peru, IN, how many homes are available?
There are currently 34 active home listings available in Peru.
What’s the average rental cost in Peru, IN?
The average rental price in Peru is $943.
What is the most expensive home in Peru?
The most expensive home sold in Peru had a price of $9,050,765.
What is currently the cheapest priced home in Peru, IN?
The cheapest home for sale in Peru is priced at $10,778.
Living in Peru, IN
Peru, Indiana is a vibrant small town known for its rich circus heritage and friendly community. With ample green spaces, quality schools, and a strong sense of local culture, it provides a perfect blend of small-town charm and modern amenities. Residents enjoy a diverse range of recreational activities and local events year-round.
Current Market Conditions in Peru, IN
The real estate market in Peru, IN, has shown resilience as the community continues to grow and attract families and individuals looking for more affordable housing options. As of late 2023, home values have seen a steady increase, reflective of the demand for homes within the city limits. The average home price has risen by approximately 5% compared to last year, indicating a healthy market for both buyers and sellers.
Investors are taking notice of the potential this market holds, particularly for rental properties, as more people seek locations offering good schools and a sense of community. The demand for homes in Peru is characterized by an influx of new residents, drawn by job opportunities and the appealing lifestyle that the area offers.
Home Value Estimator For Peru, IN
There are currently 8,297 real estate properties
in Peru, IN,
with a median automated valuation model (AVM) price
of $146,520.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in Peru, IN, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in Peru, IN,
is $180,154.00, with the most expensive house
in Peru, IN, topping out
at $9,050,765.00 and the cheapest home
in Peru, IN,
clocking in at $10,778.00. In other words, there’s
something for every potential homebuyer
or savvy investor in Peru, IN!
Rent Prices
In Peru, IN
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in Peru, IN, is on
a rollercoaster ride. The
average rent price in Peru, IN,
is $943.00. Indeed, when looking to rent in
Peru, IN, you can expect to pay as little
as $450.00 or as much
as $2,540.00,
with the average rent median estimated to
be $900.00. The good news is that finding
an affordable and desirable property to rent in Peru, IN
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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