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These days, finding an affordable place to live in the Pelican Lake area can be challenging. Home prices in Pelican Lake are now at a median cost of $213,616, lower than the Wisconsin average of $280,373.
The average cost of rent is $811/mo in Pelican Lake, primarily driven by the current value of real estate in the Pelican Lake area. In Pelican Lake, 16.52% of households rent, and 45.93% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pelican Lake is $4,810 per month. Households that rent pay about 16.85% of their income on rent here. Pelican Lake’s most expensive areas are in the central regions, while the cheapest areas are in the southeastern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Elcho, WI: higher priced homes
- Post Lake, WI: higher priced homes
- Jennings, WI: equally priced homes
- Summit Lake, WI: higher priced homes
- Parrish, WI: equally priced homes
- Starks, WI: higher priced homes
- Roosevelt, WI: equally priced homes
- Jeffris, WI: higher priced homes
- Mole Lake, WI: equally priced homes
- Pearson, WI: higher priced homes
Cities with Similar Populations
- Wendell, MA: higher priced homes
- Ewing, NE: less expensive homes
- Farber, MO: less expensive homes
- Farmington, GA: higher priced homes
- Finch, AR: higher priced homes
- Fir Villa, OR: higher priced homes
- Five Forks, KY: less expensive homes
- Foster, OR: higher priced homes
- Frohna, MO: less expensive homes
- West Point, TX: higher priced homes
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