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Peru, IL

Full City Profile · Illinois · Putnam County County

3.3 /5.0
B Good
9,863 Population 956/sq mi density
$68,147 Median Income $40,131 per capita
$155,600 Home Value $174,202 Zillow
$879 Median Rent 23.7% income on rent
50°F Avg Temperature 275 sunny days/yr
195 Violent Crime/100K 1,664 property/100K
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.3 / 5.0
$68,147 median income, 2.1% unemployment
A+
Affordability
5.0 / 5.0
$155,600 home value, $879/mo rent
F
Safety
1.0 / 5.0
195 violent crimes/100K
C+
Education
2.7 / 5.0
21.3% bachelor's degree or higher

Housing Overview

Median Home Value
$155,600
45% below
US avg: $281,900
Median Rent
$879/mo
24% below
US avg: $1,163/mo
Homeownership Rate
74.5%
14% above US avg (65.4%)
Total Housing Units
4,952
Median year built: 1958

Home Value by Source

Census Median
$155,600
Zillow (ZHVI)
$174,202
Median Sale Price
$172,000
Median List Price
$85,450
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

74.5%
Owner-Occupied
25.5%
Renter-Occupied
75%
26%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$774/mo
1 Bedroom
$854/mo
2 Bedroom
$1,063/mo
3 Bedroom
$1,370/mo
4 Bedroom
$1,561/mo
Census median rent: $879/mo

Market Indicators (Redfin)

Median Days on Market
81 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
5
Price Drops
30.0%
of listings with price reduction
Price Per Sq Ft
$113
Active Inventory
10
homes for sale

Affordability & Housing Stock

Rent Burden
23.7%
of renters spending 30%+ of income on housing
24% below US avg (31.0%)
Median Year Built
1958
Average age of housing stock: 68 years
Homeownership Rate
74.5%

Complete Housing Data

Home Values

Census Median Value$155,600
Zillow Home Value (ZHVI)$174,202
Median Sale Price$172,000
Median List Price$85,450
Price Per Sq Ft$113

Rent

Census Median Rent$879
FMR Studio$774
FMR 1-Bedroom$854
FMR 2-Bedroom$1,063
FMR 3-Bedroom$1,370
FMR 4-Bedroom$1,561

Market

Days on Market81
Sale-to-List Ratio1.0%
Price Drops30.0%
Homes Sold5
Active Inventory10
Price Per Sq Ft$113

Ownership & Stock

Owner-Occupied74.5%
Renter-Occupied25.5%
Homeownership Rate74.5%
Total Housing Units4,952
Median Year Built1958
Rent Burden23.7%