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Peru

Peru

Located in Miami County

$90 Average Price per Sq Ft
35 Homes For Sale

Peru boasts circus and musical history

Located along the Wabash River, Peru, Indiana is a small city of north central Indiana. With a population of around 11,000 residents, its economy is supported by a variety of industries ranging from the Duke Hospital System to Smithfield Packaged Meats. The city is also known as the tribal headquarters for the Miami Nation and is home to the world’s only remaining manufacturer of steam calliopes – a musical instrument made of large whistles. The steam calliope remains important to Peru because of the area's former role as the winter headquarters for circus acts, like that of Buffalo Bill’s Wild West Show. Today, Peru showcases this history through its International Circus Hall of Fame and related events. “It’s a town full of good people,” Rebekah Slack of Miles Realty Group says. “And there’s a lot of good that Peru has to offer its citizens and visitors, and there’s a lot of good coming to Peru.”

Peru sits along the edge of the Wabash River.
Peru sits along the edge of the Wabash River.
Peru showcases it's history through its International Circus Hall of Fame and related events.
Peru showcases it's history through its International Circus Hall of Fame and related events.
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Peru housing markets on the rise, but still far below national median

Slack says housing affordability is one of the things that draws people to Peru and one of the reasons many houses don’t stay on the market for too long. “Anything between $100,000 and $150,000 gets snatched up pretty quickly,” she says. The median home price in Peru is $133,000, which is far below the national median. Housing styles in Peru range from Colonial Revivals and cottages to bungalows and saltbox designs. Most homes here fall within the $100,000 to $300,000 range and while home prices remain relatively low, Slack says they are rising a bit. Home prices stagnated in Peru from the mid-2000s to recent years, and they’re now making a “market correction,” she says.

Most homes in Peru fall within the $100,000 to $300,000 range.
Most homes in Peru fall within the $100,000 to $300,000 range.
Housing styles in Peru range from Colonial Revivals and cottages to bungalows and saltbox designs.
Housing styles in Peru range from Colonial Revivals and cottages to bungalows and saltbox designs.
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Peru Amateur Circus Festival celebrates city’s history

While circuses may no longer migrate to Peru for the winter, the city still honors its place in circus history every July with the Peru Amateur Circus Festival and Parade. This eight-day festival features 10 circus performances and over 200 amateur circus performers. “Some of the acts are very daring,” Slack says. “As a mother, I get a little apprehensive watching the kids flip around in the air or walk on tightropes.” There are also carnival rides, vendors, food and a parade. Some years, the festival also includes performances on historic calliopes.

Riverside parks and walking trails, plus Frances Slocum State Forest

A lot of Peru's outdoor recreation is found along the riverfront. At the aptly named Peru Riverwalk Park, a paved walking trail runs parallel to the Wabash River and the site also features a skate park and pickleball courts too. Nearby, West City Park, has a playground and baseball fields. Peru also borders the Frances Slocum State Forest, which features 515 acres of forest landscape. It’s popular with hikers, hunters, anglers and mushroom hunters. There’s also an equestrian trail.

Peru's Riverwalk features pickleball courts.
Peru's Riverwalk features pickleball courts.
The skate park at Peru's Riverwalk Park is a busy place on a warm sunny day.
The skate park at Peru's Riverwalk Park is a busy place on a warm sunny day.
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Coffee shop and pancake house are popular in Peru

Downtown Peru is lively and local businesses, cocktail lounges, cafes and restaurants line its street. Slack says Aroma Coffee Shop and Gabriel’s Pancake House are two popular breakfast spots, while Garden Gate Café is a good spot for lunch. For dinner, she says Legend’s Cocktail Lounge has some of the best food in town, serving up dishes like seafood ravioli, filet kabobs and a wide selection of burgers.

Peru's Garden Gate Café is a favorite spot for locals to grab lunch.
Peru's Garden Gate Café is a favorite spot for locals to grab lunch.
Legend’s Cocktail Lounge has some of the best food in Peru, serving up dishes like seafood ravioli, filet kabobs and a wide selection of burgers.
Legend’s Cocktail Lounge has some of the best food in Peru, serving up dishes like seafood ravioli, filet kabobs and a wide selection of burgers.
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Highway access gives Peru quick access to Fort Wayne, Indianapolis

Peru is located near the junction of state highways 24 and 31, which connects to Fort Wayne and Indianapolis, respectively. Fort Wayne International is the closest airport to the city, 55 miles away, and offers flights to Charlotte, Dallas-Fort Worth, Chicago, Atlanta, Detroit, Minneapolis-St. Paul and St. Petersburg and Punta Gorda in Florida. Indianapolis International Airport offers additional commercial flights and is 87 miles away. The closest hospital is Dukes Memorial Hospital, in downtown.

Peru Community Schools system offers solid schools for students

Peru is part of the Peru Community Schools system, which earns an overall B rating from Niche. There’s one school for students in prekindergarten through second grade, one school for students in third through sixth grades, and a combined junior/senior high school for grades seven through 12. Peru High School has an 86% graduation rate and a 17:1 student-to-teacher ratio.

Peru High School receives an overall Niche grade of B-.
Peru High School receives an overall Niche grade of B-.
Elmwood Primary Learning Center receives an overall Niche grade of A-.
Elmwood Primary Learning Center receives an overall Niche grade of A-.
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Tornados and flooding are risks in Peru

As is common throughout the state of Indiana, Peru does experience its share of tornados. While not as frequent or intense as storms in Tornado Alley, they do occur here. Slack says that its her perception that the southside of the county seems to experience more tornados than Peru. There's also flood risk here. While the construction of the Mississinewa Dam has substantially mitigated the problem, the city's still at risk because of its proximity to the Wabash River. Recent crime data is not readily available for Peru.

Written By
Tanner Harding
Travis Patton
Photography Contributed By
Travis Patton
Melinda Anselmo
Video By
Melinda Anselmo

Interested in learning more about homes in this area? Reach out to Memi Rennewanz, an experienced agent in this area.

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Schools

Source:
GreatSchools: The GreatSchools Rating helps parents compare schools within a state based on a variety of school quality indicators and provides a helpful picture of how effectively each school serves all of its students. Ratings are on a scale of 1 (below average) to 10 (above average) and can include test scores, college readiness, academic progress, advanced courses, equity, discipline and attendance data. We also advise parents to visit schools, consider other information on school performance and programs, and consider family needs as part of the school selection process. View GreatSchools Rating Methodology

Peru Housing Trends

Housing Trends

Median List Price
$159,900
Median Sale Price
$145,000
Median Single Family Sale Price
$150,000
Median Townhouse Sale Price
$75,000
Median Change From 1st List Price
3%
Last 12 months Home Sales
204
Median Home Sale Price YoY Change
$7
Average Price Per Sq Ft
$90

Neighborhood Facts

Number of Homes for Sale
35
Months of Supply
2.10

Open Houses

  • Thursday, Jul 3
    4 - 6pm

    100 S Lincoln St, Peru, IN 46970

    $165,000

    • 3 Beds
    • 2 Baths
    • 1,768 Sq Ft
    • 100 S Lincoln St

    Discover this Hidden Gem in the Heart of Peru! This charming 3-bedroom, 2-bath manufactured home offers a spacious split floor plan designed for both comfort and functionality. Enjoy multiple living spaces, including a formal living room, a cozy family room, and a beautiful sunroom perfect for relaxing or entertaining. The fantastic oversized 2-car detached garage provides plenty of room for

    Cassi Sommer RE/MAX Edge

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  • Monday, Jul 7
    5 - 6pm

    4668 E 300 N, Peru, IN 46970

    Call for Price

    • 4 Beds
    • 1 Bath
    • 1,510 Sq Ft
    • 4668 E 300 N
    • New 11 days ago

    Bidding Now Open & Ends Sunday July 20th | @ 6PM 4668 E 300 N Peru IN 46970 Erie Township, Section 5, Miami County, Indiana 4 Bedroom, 1 Full Bath, 1510 SQ FT, 2 Car Detached Garage, Partial Basement, sitting on 4.22 Acres. Appliances Stay with home! Peru Community Schools Open House July 7th 5-6PM

    Trevor Gray Krueckeberg Auction And Realty

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Homes for Sale

Homes for Rent

Distribution of Home Values

Source: Public Records

Average Home Value



Source: Public Records

Property Mix - Square Feet

Peru Has More Owners

Demographics

Total Population
11,771
Median Age
41
Population Density
7 ppl/acre
Population under 18
24.7%
On par with the national average
23.8%
Population over 65
19.3%
On par with the national average
19.1%

Finances

Median Household Income
$46,789
Significantly below the national average
$71,702
Average Household Income
$61,585

Education and Workforce

High School Graduates
87.2%
College Graduates
12.4%
Below the national average
34.1%
Advanced Degrees
4.6%
Below the national average
13.3%
% Population in Labor Force
62.9%
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. Our sources include: Accuweather, Public Records and Neustar. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
Peru
Memi Rennewanz
MPR Realty, LLC
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