Pelican Rapids, MN Real Estate
According to census data in the year 2000 there were 958 housing units in Pelican Rapids.
This represents a 13.5% growth from 844 in 1990.
Of those housing units, none were located in either urbanized areas or urban clusters, and 958 were located in what is classified as a rural area.
Homeownership rate in Pelican Rapids is about 62.3%.
Pelican Rapids's vacancy rate, including seasonal lodging, is about 8.1%.
Average household size is 2.58 people.
The majority of houses, apartments or condos in Pelican Rapids were built after 1960.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 1.60% |
| One Bedroom | 21.70% |
| Two Bedrooms | 23% |
| Three Bedrooms | 37.90% |
| Four Bedrooms | 13.50% |
| Five Bedrooms or more | 2.40% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.66 |
| Median year structure was built | 1956 |
| Median Value of occupied units | $69,700 |
| Median Price asked for vacant units | $53,100 |
Rented Homes, Apartments and Condos
| Average Household Size | 2.46 |
| Median year structure was built | 1972 |
| Median Monthly Rent asked for vacant units | $363 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0.50% |
| Second Mortgage | 5.70% |
| Home Equity Loan | 5.50% |
| Simple Mortgage | 48.30% |
| Debt Free | 40% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 16.3% |
