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Perham, MN Home Values and Rents
The typical home value in Perham is $373,304, 253rd highest of 363 cities and towns in Minnesota. Median rent is $855 a month.
- Typical home value
- $373,304
- 253rd of 363 in MN
- Median rent
- $855/mo
- ACS 2020-2024
- Price change, 1 year
- +5.2%
- Sep 2026
- Homeownership
- 52.6%
- MN: 72.2%
Typical home value in Perham
Zillow Home Value Index, all homes, middle tier
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| Period | Perham |
|---|---|
| Sep 2026 | $373,304 |
| Dec 2025 | $361,219 |
| Dec 2024 | $347,064 |
| Dec 2023 | $323,839 |
| Dec 2022 | $312,528 |
| Dec 2021 | $295,353 |
| Dec 2020 | $261,241 |
| Dec 2019 | $238,933 |
| Dec 2018 | $226,535 |
| Dec 2017 | $212,158 |
| Dec 2016 | $199,333 |
| Dec 2015 | $187,379 |
| Dec 2014 | $176,585 |
| Dec 2013 | $168,682 |
| Dec 2012 | $163,658 |
Over five years, Perham prices changed +28.7%.
Source: Zillow Research · Last updated 09/01/2026
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Home values by ZIP code
Median home value and rent (ACS 2020-2024); price changes from the FHFA annual ZIP index
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| # | ZIP code | Median value | Median rent | 1-year | 5-year |
|---|---|---|---|---|---|
| 1 | 56573 | $286,500 | $862 | +5.3% | +52.4% |
Fair Market Rents, FY2027
HUD rent standard for Otter Tail County, MN
| Unit size | Monthly rent | vs FY2026 |
|---|---|---|
| Studio | $746 | +10.0% |
| 1 bedroom | $819 | +9.3% |
| 2 bedrooms | $1,071 | +9.0% |
| 3 bedrooms | $1,476 | +8.0% |
| 4 bedrooms | $1,489 | +4.0% |
Frequently asked questions
- What is the typical home value in Perham, MN?
- The typical home value in Perham is $373,304 (Zillow Home Value Index, Sep 2026). The Minnesota median is $329,300.
- How much is rent in Perham?
- The median rent in Perham is $855 a month, including utilities paid by the renter. HUD's FY2027 Fair Market Rent for a two-bedroom unit is $1,071.
- Are home prices going up in Perham?
- The typical home value in Perham changed +5.2% over one year and +28.7% over five years, as of Sep 2026.
- How does Perham compare with the rest of Minnesota?
- Perham has the 253rd highest median home value of 363 cities and towns with 1,000+ residents in Minnesota.
- Which ZIP code in Perham has the highest home values?
- ZIP code 56573 has the highest median home value at $286,500.