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Real Estate Prices & Overview

Peru East median real estate price is $91,112, which is less expensive than 92.4% of Indiana neighborhoods and 95.8% of all U.S. neighborhoods.

The average rental price in Peru East is currently $1,085, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 86.1% of Indiana neighborhoods.

Peru East is a suburban neighborhood (based on population density) located in Peru, Indiana.

Peru East real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is occupied by a mixture of owners and renters. Many of the residences in the Peru East neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.

Vacant apartments or homes are a major fact of life in Peru East. The current real estate vacancy rate here is 21.0%. This is higher than the rate of vacancies in 88.0% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.

Notable & Unique Neighborhood Characteristics

Many things matter about a neighborhood, but the first thing most people notice is the way a neighborhood looks and its particular character. For example, one might notice whether the buildings all date from a certain time period or whether shop signs are in multiple languages. This particular neighborhood in Peru, the Peru East neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Divorcees may find friendship and understanding in this neighborhood, as 20.4% of its residents are divorced. NeighborhoodScout's exclusive analysis found that this divorce rate is higher than in 96.1% of the neighborhoods in America.

In addition, the Peru East neighborhood is unique for having just 7.0% of adults here having earned a bachelor's degree. This is a lower rate of college graduates than NeighborhoodScout found in 95.2% of America's neighborhoods.

Modes of Transportation

In the Peru East neighborhood, carpooling is still a popular way to get to and from work. NeighborhoodScout's analysis reveals that 22.2% of commuters carpool here, which is more than in 95.2% of all U.S. neighborhoods.

Real Estate

If you find historic homes and neighborhoods attractive, you love the details, the history, and the charm, then you are sure to be interested in this neighborhood. With 74.2% of the residential real estate in the Peru East neighborhood built no later than 1939, and some built considerably earlier, this neighborhood has a greater concentration of historic residences than 99.2% of all neighborhoods in America. In this regard, this neighborhood truly stands out as special.

Diversity

Did you know that the Peru East neighborhood has more Scots-Irish ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 6.3% of this neighborhood's residents have Scots-Irish ancestry.

The Neighbors

How wealthy a neighborhood is, from very wealthy, to middle income, to low income is very formative with regard to the personality and character of a neighborhood. Equally important is the rate of people, particularly children, who live below the federal poverty line. In some wealthy gated communities, the areas immediately surrounding can have high rates of childhood poverty, which indicates other social issues. NeighborhoodScout's analysis reveals both aspects of income and poverty for this neighborhood.

The neighbors in the Peru East neighborhood in Peru are low income, making it among the lowest income neighborhoods in America. NeighborhoodScout's research shows that this neighborhood has an income lower than 85.6% of U.S. neighborhoods. With 39.1% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 88.5% of U.S. neighborhoods.

A neighborhood is far different if it is dominated by enlisted military personnel rather than people who earn their living by farming. It is also different if most of the neighbors are clerical support or managers. What is wonderful is the sheer diversity of neighborhoods, allowing you to find the type that fits your lifestyle and aspirations.

In the Peru East neighborhood, 37.7% of the working population is employed in manufacturing and laborer occupations. The second most important occupational group in this neighborhood is sales and service jobs, from major sales accounts, to working in fast food restaurants, with 33.6% of the residents employed. Other residents here are employed in executive, management, and professional occupations (17.8%), and 11.0% in clerical, assistant, and tech support occupations.

Languages

The most common language spoken in the Peru East neighborhood is English, spoken by 100.0% of households.

Ethnicity / Ancestry

Culture is the shared learned behavior of peoples. Undeniably, different ethnicities and ancestries have different cultural traditions, and as a result, neighborhoods with concentrations of residents of one or another ethnicities or ancestries will express those cultures. It is what makes the North End in Boston so fun to visit for the Italian restaurants, bakeries, culture, and charm, and similarly, why people enjoy visiting Chinatown in San Francisco.

In the Peru East neighborhood in Peru, IN, residents most commonly identify their ethnicity or ancestry as German (17.1%). There are also a number of people of Irish ancestry (14.3%), and residents who report English roots (12.8%), and some of the residents are also of Scots-Irish ancestry (6.3%), along with some South American ancestry residents (2.4%), among others.

Getting to Work

Even if your neighborhood is walkable, you may still have to drive to your place of work. Some neighborhoods are located where many can get to work in just a few minutes, while others are located such that most residents have a long and arduous commute. The greatest number of commuters in Peru East neighborhood spend under 15 minutes commuting one-way to work (45.3% of working residents), one of the shortest commutes across America.

Here most residents (77.2%) drive alone in a private automobile to get to work. In addition, quite a number also carpool with coworkers, friends, or neighbors to get to work (22.2%) . In a neighborhood like this, as in most of the nation, many residents find owning a car useful for getting to work.


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