Housing in Pelican Rapids, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — December 2025Median Sale Price
$257,500
Median List Price
$199,900
Price Per Sq Ft
$167
Days on Market
138
Active Inventory
9
Months of Supply
4.5
Balanced market
Zillow Home Value
$357,319
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
97.6%
Buyer's market
Market Activity
Source: RedfinHomes Sold
2
New Listings
1
Pending Sales
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$167
Median List $/SF
$155
Pelican Rapids vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Pelican Rapids is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$177,700
Median Rent
$349
Total Housing Units
1,083
Vacancy Rate
10.6%
Owner Occupied
61.5%
Renter Occupied
38.5%
Median Property Tax
$1,836
per year
Monthly Cost (w/ Mortgage)
$1,175
Housing Types
The current median sale price in Pelican Rapids, MN is $257,500 according to Redfin data. Homes spend a median of 138 days on the market. 0.0% of homes sold above asking price. The market has 4.5 months of supply. The median price per square foot is $167. The median rent is $349 per month (Census ACS). About 61.5% of housing units are owner-occupied. The median year homes were built is 1972. There are 1,083 total housing units.