The typical owner-occupied home in Perley is worth about $91,300, 72% below the Minnesota median of $329,300 and 73% below the national median of $332,700. Owners pay a median $1,057 a year in property taxes, about 1.16% of their home's value, higher than the Minnesota rate of 1.02%. The median household earns $75,250 a year, so the median home costs 1.2 times the median income (3.7 times for Minnesota). 100% of occupied homes here are lived in by their owners, and 38% of those owners still have a mortgage.
Perley at a glance
| Perley | Minnesota | U.S. | |
|---|---|---|---|
| Median home value | $91,300 | $329,300 | $332,700 |
| Median property tax paid per year | $1,057 | $3,357 | $3,119 |
| Property tax as a share of value | 1.16% | 1.02% | 0.94% |
| Median household income | $75,250 | $89,062 | $80,734 |
| Homes lived in by their owners | 100% | 72% | 65% |
| Owner homes with a mortgage | 38% | 64% | 61% |
| Median monthly costs, owners with a mortgage | $1,375 | $1,947 | $1,963 |
| Those costs as a share of the owners' income | 20.8% | 19.7% | 21.0% |
| Median rent | – | $1,280 | $1,413 |
| Median year homes were built | 1952 | 1979 | 1980 |
| Vacant homes | 0.0% | 9.3% | 10.1% |
| Population | 126 | 5,739,445 | 334,922,499 |
What a typical home costs per month in Perley
At this week's average 30-year rate of 7.11%, buying the median Perley home of $91,300 with 20% down costs about $618 a month, including property taxes and insurance. With an FHA loan and 3.5% down, it's about $770, because the loan is bigger and FHA adds mortgage insurance.
Lenders usually want housing costs under about 28% of gross income, which means an income of roughly $26,470 for the 20%-down payment. That payment is 10% of the median Perley household income of $75,250; at that income and 20% down, the 28% guideline points to a home of about $260,000.
| Down payment | $18,260 |
|---|---|
| Loan amount | $73,040 |
| Principal and interest | $491 |
| Property taxes (1.16% a year) | $88 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| PMI | $0 |
| Total per month | $618 |
Change the numbers in the calculator
| Down payment | $3,196 |
|---|---|
| Loan amount | $89,646 |
| Principal and interest | $603 |
| Property taxes (1.16% a year) | $88 |
| Homeowners insurance (our estimate, 0.5% a year) | $38 |
| FHA mortgage insurance | $40 |
| Total per month | $770 |
Change the numbers in the calculator
Questions about home buying in Perley
What is the median home value in Perley?
About $91,300 for owner-occupied homes, according to the Census Bureau's 2020–2024 American Community Survey.
How much are property taxes in Perley?
Homeowners pay a median $1,057 a year, which is about 1.16% of the median home value. Your bill depends on your home's assessed value and local rates.
What income do you need to buy a home in Perley?
For the median home with 20% down at 7.11%, the payment is about $618 a month. Keeping that under 28% of gross income takes about $26,470 a year.
More about Perley
- Mortgage Refinance in Perley
- Debt Relief in Perley
- Home Equity Loans in Perley
- Guides and quotes for mortgage refinance on our sister site, MortgageRefinance.com
Sources: U.S. Census Bureau, American Community Survey 2020–2024 5-year estimates; Freddie Mac Primary Mortgage Market Survey, week of November 12, 2026. Estimates for small places have wide margins of error. About our data