The Most Affordable Neighborhoods in Pelican Rapids, MN by Home Value

 

Pelican Rapids, MN Map of Most Affordable Neighborhoods
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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 $276,021, higher than the Minnesota average of $269,934.

The average cost of rent is $660/mo in Pelican Rapids, primarily driven by the current value of real estate in the Pelican Rapids area. While nearly 36.11% of residents own their homes outright in Pelican Rapids, 15.36% rent.

Housing affordability isn’t just about home prices, though. The average household income in Pelican Rapids is $5,901 per month. Households that rent pay about 11.18% of their income on rent here. Pelican Rapids's most expensive areas are in the northwestern regions, while the cheapest areas are in the central parts of the city.


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