Total monthly cost of ownership
Cost to Own a Home in Peru, New York
A $215,000 home here costs
$2,016per month, all in — with 20% down at today's 6.66% 30-year fixed rate.
A standard mortgage calculator would have told you $1,105. The real number is $911 higher every month — 82% more than the payment most buyers budget for.
Where every dollar goes
Only the first line is a mortgage payment. Change any assumption above and every figure below recalculates.
Peru against Clinton County and New York
| Measure | Peru | Clinton County |
|---|---|---|
| Median home value | $214,700 | $175,100 |
| Median property tax | $4,158 | $3,461 |
| Effective tax rate | 1.937% | 1.977% |
| Median gross rent | $1,262 | $956 |
| Population | 1,880 | 78,961 |
The weather behind that power bill
Peru sits in Clinton County, which averages a high of 79.2°F in its hottest month and a low of 8.5°F in its coldest, with 43.36" of precipitation a year and 30% of it in a single three-month stretch. That climate drives 390 cooling and 7,718 heating degree days, which is what sets the $269 electricity line above.
See the full climate breakdown for Clinton County — month by month temperatures, rainy season timing, snowfall and heating and cooling costs.
Other cities in Clinton County
Full Clinton County cost breakdown · Every county in New York
Common questions
How much does it cost to own a home in Peru?
A $215,000 home in Peru, New York costs approximately $2,016 per month with 20% down at 6.66%. That is $1,105 principal and interest, $347 property tax, $47 homeowners insurance, $337 utilities and $179 set aside for maintenance.
What is the property tax rate in Peru?
Peru has an effective property tax rate of 1.937%, based on a median home value of $214,700 and median real estate taxes of $4,158. That is lower than the Clinton County average of 1.977%.
What is the average home price in Peru?
The median owner-occupied home value in Peru, New York is $214,700, against $175,100 across Clinton County.
Is it cheaper to rent or buy in Peru?
Median gross rent in Peru is $1,262 a month, against $2,016 to own the median home all in. Renting costs less month to month here, though renting builds no equity.
Sources & methodology
- Median home value, real estate taxes, gross rent and population for Peru — US Census Bureau, American Community Survey ACS 2023 5-Year, place-level tables.
- Homeowners insurance — NAIC average premium for New York.
- Electricity price — EIA Electric Power Monthly Table 5.6.A.
- Mortgage rate — Freddie Mac PMMS, refreshed weekly.
- Maintenance (1%/yr) and water and sewer ($68/mo) are national estimates. Every assumption above is editable.