What is the median home price in Perham?

The median home price in Perham, Perham city, Minnesota is $172,900, which is 39% below the national average of 281,900 ($281,900).

Perham, Perham city, Minnesota has a violent crime rate of 1.2 per 1,000 residents, which is 67% below the national average, making it relatively safe. The national average is 3.6 per 1,000 residents. The property crime rate is 5.7 per 1,000 residents.

What is the median household income in Perham?

The median household income in Perham, Perham city, Minnesota is $46,509, which is 38% below the national average of 74,580 ($74,580).

What is the average rent in Perham?

The median rent in Perham, Perham city, Minnesota is $787 per month. The national average median rent is $1,163/month.

What is the population of Perham?

The population of Perham, Perham city, Minnesota is approximately 3,524. The homeownership rate is 62.0% (national average: 65.9%).

What is the unemployment rate in Perham?

The unemployment rate in Perham, Perham city, Minnesota is 19.2%. The national average unemployment rate is 3.7%. The poverty rate is 17.5% (national average: 12.4%).

Perham

Perham city, Minnesota

Affordable

About Perham

Nestled in the heart of Otter Tail County, Perham offers a refreshing blend of small-town charm and remarkable affordability. With a population of just over 3,500, this close-knit community presents a unique opportunity for those seeking refuge from the hustle and bustle of city life. The housing market is particularly enticing, with a median home value of $172,900 – significantly below the national average. This translates to more purchasing power for your dollar, allowing you to enjoy a comfortable lifestyle without breaking the bank. Perham's unpretentious vibe encourages a slower pace, where neighbors know each other and community events are a regular occurrence.

From an investment perspective, Perham's appeal extends beyond its affordability. The local economy supports a median household income of $46,509, making it a viable option for those seeking a practical and financially sound place to live. The area is known for its safety and offers a welcoming environment for families, retirees, or anyone looking for a tight-knit community. While the income is below the national average, the lower cost of living makes Perham an attractive destination. If you're looking for a place to put down roots, build a family, or simply enjoy a peaceful existence without the financial strain of more expensive locales, Perham deserves your serious consideration.

Perham, Minnesota at a Glance

Perham is a city in Perham city, Minnesota with a population of approximately 3,524. The median home value is $172,900 and the median household income is $46,509.. The violent crime rate is 1.2 per 1,000 residents, which is 67% below the national average.. Median rent is $787 per month. Data sourced from the US Census Bureau, FBI Crime Data Explorer, EPA, Walk Score, and FEMA.