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Foreclosure Homes in Pelican Rapids, MN 56572

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Pelican Rapids, MN Foreclosures

How much do homes sell for in Pelican Rapids, MN?
The average home price is currently $513,658.
In Pelican Rapids, MN, how many homes are available?
There are currently 3 active home listings available in Pelican Rapids.
What’s the average rental cost in Pelican Rapids, MN?
The average rental price in Pelican Rapids is $1,614.
What is the most expensive home in Pelican Rapids?
The most expensive home sold in Pelican Rapids had a price of $5,717,821.
What is currently the cheapest priced home in Pelican Rapids, MN?
The cheapest home for sale in Pelican Rapids is priced at $15,387.

Living in Pelican Rapids, MN

Pelican Rapids, MN, offers a serene small-town experience surrounded by beautiful lakes and natural beauty. Residents enjoy a strong sense of community and access to outdoor activities. The town also features excellent schools and convenient transportation options, making it an attractive choice for families and individuals alike.

Current Market Conditions in Pelican Rapids, MN

The real estate market in Pelican Rapids has shown steady growth, with a healthy demand for homes in the area. Increasing interest from out-of-state buyers looking for vacation homes or permanent residences has contributed to a competitive market, particularly for properties near the lakes.

Home prices have been steadily rising due to the limited inventory and high demand, indicating that now is an opportune time for investors to consider property acquisitions. As the area continues to develop, property values are expected to appreciate, making Pelican Rapids an attractive market for real estate investment.

Home Value Estimator For Pelican Rapids, MN

There are currently 3,684 real estate properties in Pelican Rapids, MN, with a median automated valuation model (AVM) price of $427,131.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Pelican Rapids, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Pelican Rapids, MN, is $513,658.00, with the most expensive house in Pelican Rapids, MN, topping out at $5,717,821.00 and the cheapest home in Pelican Rapids, MN, clocking in at $15,387.00. In other words, there’s something for every potential homebuyer or savvy investor in Pelican Rapids, MN!

Rent Prices In Pelican Rapids, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Pelican Rapids, MN, is on a rollercoaster ride. The average rent price in Pelican Rapids, MN, is $1,614.00. Indeed, when looking to rent in Pelican Rapids, MN, you can expect to pay as little as $510.00 or as much as $2,920.00, with the average rent median estimated to be $1,440.00. The good news is that finding an affordable and desirable property to rent in Pelican Rapids, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Pelican Rapids, MN 56572 Foreclosures


Market Trend for Pelican Rapids, MN

Total Listings Available: 3

Market Values:

Home Prices from $15,387 to $5,717,821

Average Sales Price: $513,658

Rental Values:

Rental from $510 to $2,920

Average Rent Value: $1,614 / month

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