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Peru city, IN

ZIP 46970 — Housing & Real Estate

Source: U.S. Census Bureau ACS 2019–2023 5-Year Estimates. Page data updated 2026-08-02.

Working ClassLow Snow Area

Home values, rent, tenure, and housing stock

Housing & Real Estate in ZIP Code 46970

Median Home Value
$111,200
Median Rent
$647
Affordability Snapshot
$31,000
Est. income to buy

Household income needed for a median home under a 20% down / 6.8% illustrative mortgage model (~$714/mo PITI).

14%
Rent-to-Income Ratio

Below the 30% threshold — generally affordable for median earners.

2.0x
Home Price-to-Income Ratio

Below 3x — relatively affordable housing market.

14.3 yrs
Price-to-Rent Ratio

Years to break even buying vs renting at median home value and rent.

To comfortably buy a median-priced home in ZIP 46970 in Peru city, IN, a household would need roughly $31,000 in annual income under a 20% down, 30-year loan at 6.8% (illustrative), keeping housing costs near 28% of income. Estimated monthly PITI is about $714. That sits below the local median household income ($56,722), suggesting the typical household income is closer to a workable buy-in level under these assumptions. Rates, taxes, insurance, and HOA fees vary — treat this as a planning estimate, not a lender quote.

Housing Tenure

Vacancy rate 13% — check local market conditions.

Heating Fuel
Housing Metrics
Owner Occupied
71.0%+9% vs US avg
x
Vacancy Rate
12.6%+23% vs US avg
x
Broadband Access
87.3%+0% vs US avg
x
4+ Bedrooms
3.5%-76% vs US avg
x
Built Pre-1939
4.7%-64% vs US avg
x
Built Post-2014
0.4%-94% vs US avg
x
Rent Burden >30%
19.9%-60% vs US avg
x
Mortgage-Free
44.8%+17% vs US avg
x
$111,200
Home Value
$647
Rent
1960
Year Built
2011
Moved In

Residents have lived here since ~2011 on average

Housing Structure

Census ACS structure types (single-family, multi-unit, etc.).

  • 1-unit detached74.8%
  • 1-unit attached6.6%
  • 2-9 units8.9%
  • 10+ units3.2%
  • Mobile home & other6.5%

Housing & Real Estate key statistics

Housing statistics
Housing
Median home value$111,200
Median rent$647
Owner-occupied71.0%
Vacant12.6%
Price-to-income2.0x
Est. income to buy$31,000