Perham, MN is a vibrant and growing community located in the Otter Tail County of Minnesota. It has been a destination for people looking to purchase or rent a home in recent years due to its close proximity to many local attractions and amenities. According to recent statistics, the median value for housing in Perham, MN is $306,200, which is lower than the US house median value of $338,100. In addition, the 1-year house appreciation rate in Perham, MN is 8.21%, which is just slightly below the US average of 8.27%. These numbers are indicative of a strong housing market with many opportunities for people interested in purchasing or investing in real estate in Perham, MN.
The median home cost in Perham is $306,200. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Perham is up 13.6%.
Average Age of Homes
- The median age of Perham real estate is 31 years old
The Rental Market in Perham
- Renters make up 34.4% of the Perham population
- 0.9% of houses and apartments in Perham, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.