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Real Estate Prices & Overview

Peru median real estate price is $295,240, which is more expensive than 46.5% of the neighborhoods in Pennsylvania and 36.4% of the neighborhoods in the U.S.

The average rental price in Peru is currently $1,880, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 41.8% of Pennsylvania neighborhoods.

Peru is a rural neighborhood (based on population density) located in Bellefonte, Pennsylvania.

Peru real estate is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and mobile homes. Most of the residential real estate is owner occupied. Many of the residences in the Peru neighborhood are newer, built in 2000 or more recently. A number of residences were also built between 1970 and 1999.

Home and apartment vacancy rates are 6.6% in Peru. NeighborhoodScout analysis shows that this rate is lower than 56.4% of the neighborhoods in the nation, approximately near the middle range for vacancies.

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 Bellefonte, the Peru neighborhood, has some outstanding things about the way it looks and its way of life that are worth highlighting.

People

Of particular note, 5.1% of the people in the Peru neighborhood currently reside in a correction facility, held due to punishment for a crime.

In addition, if you're nearing retirement age, or in retirement, the Peru is an excellent choice for you to consider for top-quality retirement living. This neighborhood is rated by NeighborhoodScout as among the top 8.5% of retiree-friendly neighborhoods in Pennsylvania, combining peace and quiet, safety from crime, and offering diverse housing options from which retirees can choose. Maybe it's because of these amenities that a large proportion of the residents here are college educated seniors, mixed with other age groups. For these and other reasons, NeighborhoodScout identifies this neighborhood as a top-notch place to consider if you are thinking of or planning to retire in Pennsylvania.

Diversity

Did you know that the Peru neighborhood has more Welsh and Croatian ancestry people living in it than nearly any neighborhood in America? It's true! In fact, 8.1% of this neighborhood's residents have Welsh ancestry and 1.0% have Croatian ancestry.

The Neighbors

There are two complementary measures for understanding the income of a neighborhood's residents: the average and the extremes. While a neighborhood may be relatively wealthy overall, it is equally important to understand the rate of people - particularly children - who are living at or below the federal poverty line, which is extremely low income. Some neighborhoods with a lower average income may actually have a lower childhood poverty rate than another with a higher average income, and this helps us understand the conditions and character of a neighborhood.

The neighbors in the Peru neighborhood in Bellefonte are upper-middle income, making it an above average income neighborhood. NeighborhoodScout's exclusive analysis reveals that this neighborhood has a higher income than 71.4% of the neighborhoods in America. With 11.3% of the children here below the federal poverty line, this neighborhood has a higher rate of childhood poverty than 52.4% 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 neighborhood, 46.8% of the working population is employed in executive, management, and professional 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 23.5% of the residents employed. Other residents here are employed in clerical, assistant, and tech support occupations (15.5%), and 13.8% in manufacturing and laborer occupations.

Languages

The most common language spoken in the Peru neighborhood is English, spoken by 94.2% of households. Some people also speak Spanish (2.9%).

Ethnicity / Ancestry

Culture is shared learned behavior. We learn it from our parents, their parents, our houses of worship, and much of our culture – our learned behavior – comes from our ancestors. That is why ancestry and ethnicity can be so interesting and important to understand: places with concentrations of people of one or more ancestries often express those shared learned behaviors and this gives each neighborhood its own culture. Even different neighborhoods in the same city can have drastically different cultures.

In the Peru neighborhood in Bellefonte, PA, residents most commonly identify their ethnicity or ancestry as German (31.1%). There are also a number of people of Irish ancestry (16.9%), and residents who report English roots (16.5%), and some of the residents are also of Italian ancestry (9.5%), along with some Welsh ancestry residents (8.1%), 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 neighborhood spend between 15 and 30 minutes commuting one-way to work (65.2% of working residents), which is shorter than the time spent commuting to work for most Americans.

Here most residents (83.4%) 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 (6.4%) . 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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