HomeMinnesotaOtter Tail CountyPerham city
Perham city, Minnesota: commercial real estate data.
Perham city is a Census city of 3,627 people across 3.58 square miles of land, in Otter Tail County. Median household income is $49,716, 52.6 percent of occupied homes are owned, and the SBA record carries 32 7(a) approvals to borrowers here worth $12.6 m.
76 sourced place values · tier FULL · 8 sections
Perham
What Perham is
- Census place typecity
- Land area3.58 sq mi
- Water area0 sq mi
- Population per square mile of land1,014
- County holding the largest share of its areaOtter Tail County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Perham
How many people live in Perham
- Population3,627
- Median age33.2
- Population under 18981 plus or minus 247
- Share under 1827.0 percent plus or minus 6.8
- Population 65 and over872 plus or minus 185
- Share 65 and over24.0 percent plus or minus 5.1
- Households1,519
- Family households905
- Share of households that are families59.6 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Perham
Income and work in Perham
- Median household income$49,716
- Per capita income$28,927
- Civilian labor force1,791
- Employed1,632
- Unemployed159 plus or minus 99
- Unemployment rate8.9 percent plus or minus 5.4
- Adults 25 and over2,290
- Adults 25 and over with a high school diploma or higher92.9 percent
- Adults 25 and over with a bachelor degree or higher30.0 percent plus or minus 7.4
- Adults 25 and over with a graduate degree5.7 percent plus or minus 3.7
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Perham
Housing in Perham
- Housing units1,685
- Occupied units1,519
- Vacant units166 plus or minus 125
- Vacancy rate9.9 percent plus or minus 7.3
- Owner occupied799 plus or minus 164
- Renter occupied720 plus or minus 159
- Ownership rate52.6 percent
- Median owner-occupied home value$199,000 plus or minus $40,544
- Median gross rent, monthly$855
- Annual rent as a share of median income20.6 percent plus or minus 4.7
- Single family units1,062
- Share single family63.0 percent
- Units in buildings of two or more527 plus or minus 174
- Share in buildings of two or more31.3 percent plus or minus 9.7
- Mobile homes96 plus or minus 60
- Median year structure built1979
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Perham
How Perham gets to work
- Workers 16 and over who commute1,495
- Commuting under 15 minutes966 plus or minus 237
- Share commuting under 15 minutes64.6 percent
- Commuting 30 minutes or more176 plus or minus 86
- Share commuting 30 minutes or more11.8 percent plus or minus 5.5
- Drove alone74.5 percent
- Carpooled10.8 percent plus or minus 5.1
- Public transport0.6 percent plus or minus 1.5
- Walked8.9 percent plus or minus 6.2
- Worked from home5.0 percent plus or minus 5.1
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Perham
SBA 7(a) lending to Perham borrowers
- Approvals32
- Gross approval$12,566,600
- Average approval$392,706
- Median approval$100,000
- Ninetieth percentile approval$587,700
- Largest approval$4,250,000
- Jobs supported260
- Jobs per approval8.1
- Loans with a final outcome7
- Paid in full7
- Charged off0
- Median term84 months
- Share on real estate terms of 20 years or more15.6 percent
- Share to franchises3.1 percent
- Distinct lenders8
- Distinct industries by NAICS19
A charge-off rate is not published here. only 7 resolved loans, too few to publish a rate, and a rate over that few outcomes would move several points on one loan.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Perham
SBA 504 lending to Perham borrowers
- Approvals13
- Gross approval$13,593,000
- Average approval$1,045,615
- Median approval$491,000
- Largest approval$4,105,000
- Jobs supported96
- Loans with a final outcome4
- Charged off0
- Median term240 months
- Distinct CDCs3
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Otter Tail County, not Perham
Otter Tail County context, not Perham figures
These are Otter Tail County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Perham measurements.
- Establishments in Otter Tail County1,730
- Employment at those establishments, Otter Tail County18,813
- Covered employment, Otter Tail County22,910
- Average annual pay, Otter Tail County$52,013
- Average weekly wage, Otter Tail County$1,000
- Housing units permitted, Otter Tail County89
- Of those, single family, Otter Tail County71
- County product, 2024, Otter Tail County$3,284,943,000
- County product change over the prior year, Otter Tail County4.5 percent
- Average income of an arriving household, Otter Tail County$76,792
Every figure in this section is published for Otter Tail County as a whole and is not a measurement of Perham. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Perham questions, answered from the record.
How many people live in Perham, Minnesota?
3,627, in 1,519 households. Perham city covers 3.58 square miles of land, which is 1,014 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Perham in?
Otter Tail County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Perham?
$49,716. The median owner-occupied home is valued at $199,000. Median gross rent is $855 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Perham businesses?
32 7(a) approvals totalling $12.6 m, across 8 lenders, median approval $100,000, plus 13 504 approvals worth $13.6 m. These count approvals to borrowers whose address is in Perham, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Perham borrowers get paid back?
No rate is published for Perham. only 7 resolved loans, too few to publish a rate, and a percentage over that few outcomes would move several points on a single loan. The counts are shown instead.
Are the county figures on this page Perham figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Otter Tail County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Perham.
Is zoning published for Perham?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.