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Learn about the people, housing, costs and businesses in Pelican Rapids, Minnesota
Real local data across mortgage, insurance, natural hazard, and place.
Rates, calculators, and lender comparisons
FHA, VA, Conventional & Jumbo · Purchase & Refi rates in Pelican Rapids.
True all-in cost — P&I, taxes, insurance & utilities for homes in Pelican Rapids.
Find and compare lenders active near Pelican Rapids.
Homeowners, flood, and specialty coverage estimates
Flood, earthquake, and wildfire risk data
FEMA flood zones and flood insurance estimates for Pelican Rapids.
Seismic risk and earthquake insurance estimates for Pelican Rapids.
Wildfire exposure and insurance estimates for Pelican Rapids.
As of today, the 30-year fixed mortgage rate for Pelican Rapids is approximately 7.051% (7.092% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.
View current rates for Pelican RapidsThe median home value in Pelican Rapids is $214k. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.
Home values in Pelican Rapids have increased 14.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.
Based on a typical all-in ownership cost of $867/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Pelican Rapids is $68k/year.
Calculate your buying powerThe largest employment sectors in Pelican Rapids are retail (24%) and public administration (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.