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These days, finding an affordable place to live in the Perham area can be challenging. Home prices in Perham are now at a median cost of $278,831, lower than the Minnesota average of $345,793.
The average cost of rent is $861/mo in Perham, primarily driven by the current value of real estate in the Perham area. In Perham, 30.34% of households rent, and 44.07% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Perham is $5,656 per month. Households that rent pay about 15.23% of their income on rent here. Perham’s most expensive areas are in the northwestern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Dent, MN: higher priced homes
- Ottertail, MN: higher priced homes
- New York Mills, MN: less expensive homes
- Frazee, MN: equally priced homes
- Richville, MN: higher priced homes
- Vergas, MN: higher priced homes
- Heinola, MN: higher priced homes
- Wolf Lake, MN: less expensive homes
- Hillview, MN: equally priced homes
- Bluffton, MN: less expensive homes
Cities with Similar Populations
- Schlusser, PA: less expensive homes
- Flora, MS: equally priced homes
- Florence, MT: higher priced homes
- Florence, NJ: higher priced homes
- Flourtown, PA: higher priced homes
- Folcroft, PA: less expensive homes
- Folsom, PA: equally priced homes
- Fort Wright, KY: higher priced homes
- Fox Point, WI: higher priced homes
- Frackville, PA: less expensive homes
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