Zip 56572 (Pelican Rapids, MN) Housing

56572 Pelican Rapids, MN is a great place to buy a home. The median value of a house in the town is $375,300 which is slightly higher than the US median value of $338,100. The appreciation rate for homes in 56572 Pelican Rapids, MN is 8.21% which is very close to the US appreciation rate of 8.27%. This shows that housing in 56572 Pelican Rapids, MN is stable and growing at a healthy rate. Hence buying a home in this area would be an excellent investment opportunity.

The median home cost in Pelican Rapids (zip 56572) is $375,300. Home appreciation the last 10 years has been 73.1%. Home Appreciation in Pelican Rapids (zip 56572) is up 13.6%.

Average Age of Homes

- The median age of Pelican Rapids (zip 56572) real estate is 39 years old

The Rental Market in Pelican Rapids (zip 56572)

- Renters make up 10.6% of the Pelican Rapids (zip 56572) population
- 0.4% of houses and apartments in Pelican Rapids (zip 56572), are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Pelican Rapids, Minnesota	United States
	3,995.0	139,647,020.0
	40	42
	$375,300	$338,100
	13.6%	16.6%
	38.7%	57.0%
	73.1%	101.1%
	$8.37	$10.98
	$2,032	$2,690
	46.0%	57.4%
	45.8%	11.2%
	8.2%	31.4%
Vacant Housing
	0.4%	1.9%
	0.3%	0.4%
	0.9%	0.7%
	0.0%	0.4%
	42.7%	3.6%
	1.6%	4.1%
Value of Owner-Occupied Housing
	1.9%	2.6%
	1.3%	2.4%
	1.3%	2.8%
	6.9%	3.9%
	4.1%	4.5%
	13.1%	11.3%
	13.9%	13.0%
	19.2%	20.1%
	11.4%	13.6%
	8.7%	8.3%
	12.8%	9.7%
	3.9%	3.9%
	0.9%	2.2%
	0.2%	0.8%
	0.5%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	15.7%	13.6%
	15.7%	13.6%
	14.8%	13.6%
	7.9%	13.2%
	16.4%	14.8%
	14.8%	13.6%
	8.9%	10.0%
	2.6%	4.7%
	14.3%	12.2%

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