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Affordable
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These days, finding an affordable place to live in the Pelican Rapids area can be challenging. Home prices in Pelican Rapids are now at a median cost of $298,236, lower than the Minnesota average of $345,793.
The average cost of rent is $787/mo in Pelican Rapids, primarily driven by the current value of real estate in the Pelican Rapids area. In Pelican Rapids, 18.61% of households rent, and 45.02% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Pelican Rapids is $6,535 per month. Households that rent pay about 12.04% of their income on rent here. Pelican Rapids’s most expensive areas are in the northern regions, while the cheapest areas are in the southern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Erhard, MN: less expensive homes
- Lake Eunice, MN: higher priced homes
- Vergas, MN: higher priced homes
- Rothsay, MN: less expensive homes
- Rollag, MN: higher priced homes
- Elizabeth, MN: higher priced homes
- Dent, MN: higher priced homes
- Shoreham, MN: higher priced homes
- Audubon, MN: higher priced homes
- Lake Park, MN: higher priced homes
Cities with Similar Populations
- Hawaiian Beaches, HI: equally priced homes
- Freeland, PA: less expensive homes
- Freeland, WA: higher priced homes
- Fremont, IN: less expensive homes
- Galivants Ferry, SC: less expensive homes
- Gang Mills, NY: equally priced homes
- Garfield, AR: less expensive homes
- Garrison, NY: higher priced homes
- Guerneville, CA: higher priced homes
- Hammond, WI: higher priced homes
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