Matt Bjorke of Roughstock gave the extended play a rating of 4 out of 5, stating that "Hip to My Heart" was infectious, however the rest of the album doesn't feel like anything "hip". He also said while not every song is going to hit, their talent is there to raise even the ‘lowest’ song up to something interesting and worthy of listening to.
The Band Perry — EP debuted at No. 46 on the U.S. BillboardTop Country Albums chart and No. 37 on the Top Heatseekers chart following its release in April 2010. As of September 2010, it has peaked at No. 32 on the U.S. Billboard Top Country Albums chart and #4 on the U.S. Billboard Top Heatseekers chart.