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Perley

Learn about the people, housing, costs and businesses in Perley, Minnesota

Median Home$140,600
Median Rent$789/month
Population104
Leading IndustriesConstruction · Agriculture & Mining · Transportation18% construction
Home Value Growth+6.1% over 2 years
Retirees24% of residentsslightly above average
Homeowners83% of occupied units
NotableTransit79/100 · excellent transit access
NotableAffordable Market$141k median home · lower cost than 78% of the country
Perley
MN

Frequently Asked Questions

What are today's mortgage rates in Perley?

As of today, the 30-year fixed mortgage rate for Perley is approximately 6.965% (7.004% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Perley?

The median home value in Perley is $141k. The median monthly rent is $789. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Perley?

Home values in Perley have increased 6.1% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Perley?

Based on a typical all-in ownership cost of $938/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $40k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Perley is $76k/year.

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What industries drive the economy in Perley?

The largest employment sectors in Perley are public administration (19%) and agriculture and mining (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.