Real Estate Investing in Perham, Minnesota

Everything the listing leaves out — vacancy, rent trend, cap rate, landlord climate. All free.

1 ZIP codes • Population: 6,868 • Otter Tail County

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Should you buy in Perham, MN? Our answer, based on the numbers below.

🏠 For Homebuyers
CAUTION
Grade D (48/100)

Proceed carefully. Weak appreciation or affordability makes this a harder case for most buyers.

📈 For Investors
MIXED
3.0 / 5 (47/100)

A middle-of-the-road market. Workable, but the best opportunities may be nearby ZIPs rather than this one.

⚠️ Risks to Know
2 flags
  • High vacancy: 25.9% of homes vacant — above national norms.
  • Higher unemployment: 8.1% unemployment — tenant risk signal.

What’s happening in Perham, MN?

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3.0/ 5

Investability

Citywide average

3.0/ 5

Appreciation

5.8% 5yr CAGR

3.0/ 5

Landlord Climate

Regulatory friendliness

🏦 30-yr Fixed Rate: 6.76% as of Sep 10 Source: Freddie Mac PMMS
Avg Investability
Avg Home Value $370,762
Avg Monthly Rent $873
ZIP Codes 1

Investing in Perham Real Estate

This is a distressed-leaning corner of Minnesota: Perham has 1 ZIPs and a sizable population, and the investment math only works for investors who truly understand the market.

Perham is the kind of market where the cap rate on paper and the cap rate realized tend to diverge. unambiguously out-of-state investors should be especially careful with the assumptions they carry in.

Rent trends and price trends in Perham are both soft, which is the uncomfortable combination that defines distressed-leaning markets in Minnesota.

A an established population with $N/AK household income profile is what makes Perham a challenging rental market — the tenant base is present, but the affordability math is tight.

A great house in the wrong ZIP is still a bad deal — screen every market by cash flow & cap rate.
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Best ZIP codes in Fergus Falls, MN

Perham is part of this metro. Every ZIP in it, ranked. Free.

Cash Flow → Appreciation → Affordable →

Landlord Ground Truth

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Avg Home Value
$370,762
Avg Monthly Rent
$873
1% Rule
✗ Below
Landlord Friendly (MN)

📉 Market Crash Risk Index

Based on Fergus Falls, MN metro

1/10
Low Risk
Price YoY
0/3
N/A
Rent YoY
0/2
N/A
Below List
1/3
59%
Days Pending
0/2
0 days

View all metro crash risk rankings →

☀️ Warm Market — Fergus Falls, MN metro
0
Days to pending
7.2%
Listings with price cuts
0.0%
Sale-to-list ratio
📅 Data as of August 29, 2026 — updated weekly

ZIP Codes in Perham, MN

Screen every ZIP in Perham

Filter Perham’s ZIPs by cap rate, vacancy, appreciation and 30+ more criteria, and export your shortlist to CSV — with the Investor plan ($19/mo).

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Frequently Asked Questions About Perham, MN

How qualified is the tenant pool in Perham, MN?

Expect a solid tenant pool in Perham, MN. The rental market absorbs $873/mo rents without meaningful friction.

How does Perham, MN rate as a rental market?

Perham, MN scores 3.0/5 for investability. Home values sit at $371K and rents near $873/mo, which keeps the rent-to-price ratio in reasonable territory for buy-and-hold investors.

Where do home prices stand in Perham, MN?

Perham, MN median home values land near $371K. That is reasonable territory for investors looking at $873/mo-per-month rentals.

Does house hacking work in Perham, MN?

House hacking in Perham, MN is reasonable to execute. Prices around $371K and rents of $873/mo solid owner-occupant economics.

What are rental rates like in Perham, MN?

Rental rates in Perham, MN average $873/mo. Tenant demand and $371K home values make the yield look reasonable by investor standards.

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