Market Summary

Pelican Rapids, Otter Tail County, MN

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Median Home Price Price

$352,195 $352.2K

Median Monthly Rent Rent

$741 $741

GRM

40.0x

GRM = Median Home Price divided by annual rent.

Price = Median Home Price.

Rent = Median Monthly Rent.

Similar markets within Otter Tail County

Region Price Rent GRM Display
$295,665 $932 26.0x
$385,688 $989 32.0x
$311,911 $1,110 23.0x
$227,226 $461 41.0x
$339,292 $1,059 27.0x
$336,135 $924 30.0x
$375,513 $1,017 31.0x
$294,559 $1,037 24.0x
$392,165 $1,226 27.0x
$355,683 $1,007 29.0x
$251,249 $986 21.0x
$248,509 $913 23.0x

Home prices

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Monthly rent

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GRM

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Similar markets within MN outside of Otter Tail County

Region Price Rent GRM Display
$301,469 $1,090 23.0x
$379,040 $960 33.0x
$225,040 $885 21.0x
$290,932 $1,184 20.0x

Home prices

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Monthly rent

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GRM

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Similar markets outside of MN

Region Price Rent GRM Display
$334,614 $730 38.0x
$212,416 $727 24.0x
$134,222 $777 14.0x
$183,962 $759 20.0x
$150,317 $750 17.0x
$170,523 $721 20.0x
$115,662 $821 12.0x
$379,105 $1,164 27.0x
$196,349 $750 22.0x
$445,159 $1,061 35.0x
$230,247 $758 25.0x
$292,666 $1,150 21.0x
$323,821 $766 35.0x
$167,991 $790 18.0x
$668,042 $1,662 34.0x
$309,928 $1,049 25.0x
$246,419 $749 27.0x
$636,157 $1,527 35.0x
$685,675 $1,442 39.0x
$397,748 $1,932 17.0x
$232,024 $824 23.0x
$192,399 $797 20.0x
$336,624 $1,030 27.0x

Home prices

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Monthly rent

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GRM

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Pelican Rapids

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Trend Insights

Median Rent in Pelican Rapids, MN is $741, with MoM change +$7 and YoY change +$52 pointing to positive momentum while volatility is low (std $13).

Benchmark Markets Side by Side

Search a market to benchmark rent, price, YoY, and price-to-rent against Pelican Rapids, MN.

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Metric
Base market Pelican Rapids, MN
Compare market Select a market
Delta vs base
Median rent
$741
N/A
Median price
$352,195
N/A
YoY change
+$52
N/A
Price-to-rent
39.6x
Data unavailable
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