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New Report Fall 2026 Housing Affordability Report: every state is less affordable than in late August as average 30-year mortgage rates passed 7%. Read the report

Peru, KS Housing Affordability Index

Peru, Kansas has an MBR Housing Affordability Index score of 253.6 (Highly Affordable) as of October 30, 2026, ranking 97th most affordable of 542 scored Kansas cities, compared with 120.0 statewide and 97.4 nationally. On a median-priced $37,500 home with 20% down, the Kansas average 30-year fixed rate of 7.31% means a monthly principal and interest payment of about $206, or 6% of the city’s $39,615 median household income.

The MBR Housing Affordability Index (MBR-HAI) for Peru is updated every night from live Kansas mortgage rates and U.S. Census Bureau income, home value and housing cost data for the city. A score of 100 equals the national average; higher scores mean homeownership is more affordable.

Peru MBR-HAI 253.6 Highly Affordable
Rank in Kansas 97 of 542 1 = most affordable
Kansas 120.0 Statewide score
National 97.4 100 = baseline
Avg 30-yr rate 7.31% Kansas lenders
Median home value $37,500 U.S. Census Bureau

Peru is 133.6 points above the Kansas score. Scores as of October 30, 2026. See the Kansas index

View Peru Mortgage Rates

See What You Can Afford in Peru, Kansas

Use this Peru, Kansas home affordability calculator to see how much house you can afford at today’s Kansas average 30-year mortgage rate of 7.31%. A household earning the Peru median income of $39,615, with no other debts and $8,000 down, can afford a home of about $70,841, compared with a median home value of $37,500. Buying the median priced home with 20% down takes a household income of about $19,400 once property tax and insurance are counted.

Peru median (Census)
Car, student loan, card minimums
Under 20% adds PMI
Kansas average, 30-year fixed
Peru median bill (Census)
Estimate; use your quote
You can afford a home up to
$70,841
At or above the Peru median home value of $37,500
Loan amount$62,841
Principal & interest$431/mo
Property tax$437/mo
Home insurance$30/mo
PMI$26/mo
Total monthly payment$924/mo
Compare Peru Mortgage Rates

How much house can you afford in Peru?

Most lenders use two limits. Your housing payment, including principal, interest, property tax, homeowners insurance and any PMI, should stay under about 28% of your gross monthly income, and all of your monthly debt payments together should stay under about 36%. The calculator takes whichever limit is lower, then works backward from that payment to the most expensive home it covers at the current rate.

In Peru, property taxes run about 7.41% of a home’s value each year, based on the Census median tax bill, which counts against the same monthly budget as the mortgage. Each quarter point move in mortgage rates changes the price you can afford by roughly $764 for a median income household. A larger down payment, paying down other debts, or a lower rate from a local lender all raise your budget.

What It Takes to Buy in Peru

$206/mo
Principal & Interest
Median home, 20% down, 7.31%
$8,800
Income Needed
To keep principal and interest at 28% of income
$39,615
Median Household Income
Kansas: $74,275
0.9x
Price-to-Income Ratio
Kansas: 2.9x
$391/mo
Median Owner Costs
Mortgage, taxes, insurance, utilities
$2,777/yr
Median Property Tax
Kansas figure
73.1%
Owner Cost Burden
Owners spending 30%+ of income on housing
25.0%
Renter Cost Burden
Renters spending 30%+ of income on rent

Source: U.S. Census Bureau American Community Survey 5-Year Estimates (2024) for Peru, Kansas. The rate is the Kansas average 30-year fixed rate from MonitorBankRates, since lenders publish rates by state.

Cite the Peru Score

“MonitorBankRates (MBR) Housing Affordability Index, MonitorBankRates.com, October 30, 2026. Peru, Kansas score: 253.6 (Highly Affordable), ranked 97 of 542 Kansas cities. monitorbankrates.com/housing-affordability-index/kansas/peru”