What HUD offices serve Peru, Indiana?
Public Housing Agencies operate federally assisted affordable housing programs at local levels on behalf of HUD. Notably, housing agencies are responsible for managing Section 8 Housing Choice Voucher, Public Housing, and Project-Based Voucher waiting lists within their jurisdiction.
Go to the Indiana Public Housing and Low-Income Apartments Waiting Lists page for openings near Peru.
How many renters live in Peru, Indiana?
The City of Peru has people living in households.
There are renters living in renter households in this City. Renters make up 34.37 percent of the population living in Peru.
What is the rental market like in Peru, Indiana?
There are an estimated housing units in the Peru area. Of these, units are rental homes, making up percent of the housing market. For every renter household in Peru, Indiana, there are 1.05 rental units.
What is the vacancy rate for rentals in Peru?
The rental vacancy rate in Peru is 5 percent. This is a lower than average vacancy rate. When rental vacancy rates are low there are fewer available units. Rents tend to be higher as more people compete for scarce housing.
How many rental units are in Peru for each bedroom size?
Occupied Rental Units by Size in Peru
| Studio | One-Bedroom | Two-Bedroom | Three-Bedroom | Four+ Bedrooms |
|---|---|---|---|---|
| 32 | 233 | 402 | 455 | 130 |
Occupied Rental Units by Size in Peru
A large number of apartments in Peru have two or fewer bedrooms. Seniors and young professionals especially may have more success finding an apartment that meets their needs.
How Much Is Rent in Peru
Depending on size, the Fair Market Rent - HUDs measurement of the cost of an average housing unit - ranges from $600 to $1,383. FMRs are updated annually by HUD for every city and county nationwide.
| Bed Size | 2024 Fair Market Rents |
| Studio | $600 |
| One BR | $692 |
| Two BR | $863 |
| Three BR | $1,112 |
| Four BR | $1,383 |
2024 Fair Market Rents in Peru, Indiana
How many units are rented at Fair Market Rent (FMR) in Peru?
Renters with a Section 8 Housing Choice Voucher must select a home that is at or below the area’s Fair Market Rent. Markets with a large share of units above FMR tend to have longer search times to find a qualified unit, while those with a large share of units below FMR tend to have more choices and shorter search times. The share below FMR can vary by size of unit, as shown in the table below.
These are the approximate number of units renting below the FMR in this market:
| Unit Size | Count of Units Below FMR | Percentage of Total Units Below FMR |
| Studio | 32 | 100 percent |
| One BR | 179 | 77 percent |
| Two BR | 243 | 60 percent |
Rental Units Below FMR in Peru, Indiana
How many affordable rental units are in Peru?
There are a variety of federal affordable housing programs serving households in Peru, Indiana including the following:
| Federal Program | Unit Count |
| Public Housing | |
| Section 8 Project-Based Rental Assistance | |
| USDA Section 515 Rural Rental Housing |
Tracked Units by Federal Program in Peru, Indiana
Rental units may be funded in part by multiple federal programs.
Income Based Apartments in Peru, Indiana
Peru features 297 income based apartments. Tenants of income based apartments typically pay no more than 30% of their income towards rent and utilities.
Low Rent Apartments in Peru, Indiana
There are 144 rent subsidized apartments that do not provide direct rental assistance but remain affordable to low income households in Peru.
Housing Choice Vouchers in Peru, Indiana
On average, Section 8 Housing Choice vouchers pay Peru landlords $400 per month towards rent. The average voucher holder contributes $300 towards rent in Peru.
The maximum amount a voucher would pay on behalf of a low-income tenant in Peru, Indiana for a two-bedroom apartment is between $777 and $949.
Sourced from federal housing data and AffordableHousingOnline.com research.