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Today: September 22, 2025
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Pelican Rapids Real Estate Forecast, Pelican Rapids Area Housing Prices and Home Value Trends and Predictions

Is buying a house in Pelican Rapids a good investment? The median home price in Pelican Rapids today: ▼ 379,637 USD (-1.823%)

  • History
  • Forecast
  • Data
  • Q&A

Current Price

$379,637

1 Month Forecast

▲ $388,486

1-Year Forecast *

▲ $407,924

5-Year Forecast *

▲ $462,003

"Is it a good time to buy homes in Pelican Rapids?" "Does investing in real estate in Pelican Rapids (Minnesota State, Otter Tail County) worth it?" According to our live Forecast System, buying a house in Pelican Rapids is a acceptable short-term (1-year) investment*. The Pelican Rapids average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Pelican Rapids" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Pelican Rapids in Minnesota State, Otter Tail County. If you are looking for homes for sale with good flipping profit, Pelican Rapids can be a profitable property investment option. The median price of an average house in Pelican Rapids was 379,637 USD on 2025-09-23. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Pelican Rapids" area is 462,003 USD by 2030-09-23. For a 5-year investment the profit is expected to be around +21.70% meaning that investing 100000 USD today may yield a profit of 21,696 USD by 2030.

Current Median Listing Price: 379,637 USD Median Listing Price Per Square Foot: 211 USD

Pelican Rapids Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Pelican Rapids (Minnesota State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2025-2031

The long-term housing forecast is based on all the available median listing price recorded up to today.

Pelican Rapids Price Target

Pelican Rapids median home price target in 12 months: $407,924* (upside of 7.5%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $381,316 $386,688 $381,104 $386,688
2024 $359,669 $379,637 $358,914 $381,213
2023 $346,662 $359,310 $346,662 $359,310
2022 $325,890 $346,953 $325,890 $352,874
2021 $285,056 $322,674 $285,056 $322,674
2020 $255,847 $281,120 $255,602 $281,120
2019 $242,940 $255,477 $242,940 $255,477
2018 $227,058 $241,712 $227,058 $241,712
2017 $218,989 $225,882 $218,989 $225,882
2016 $204,269 $216,918 $204,269 $216,918
2015 $191,621 $202,513 $191,621 $202,513
2014 $182,745 $190,199 $182,745 $190,199
2013 $176,167 $181,494 $175,446 $181,494
2012 $172,121 $175,169 $170,548 $175,169

Questions & Answers about the Pelican Rapids Housing Market Forecast

How much does an average home cost in Pelican Rapids today?

The value of an average home (the listing price) in Pelican Rapids is $379,637 USD.

What is the average price per square foot in Pelican Rapids?

According to Walletinvestor the median price per square foot in Pelican Rapids is 211 USD.

Will the median listing price of homes in Pelican Rapids grow / rise / go up?

Yes. The Pelican Rapids home prices may rise from 379,637 USD to 407,924 USD in one year.

Is it profitable to invest in Pelican Rapids homes?

Yes. The long-term profit potential is +7.45% in one year.

Will Pelican Rapids house prices fall / drop?

No. See above.

What is the predicted price of a Pelican Rapids home in 2030?

The predicted home sales price of a Pelican Rapids home in 2030 in Pelican Rapids is 462,003 USD.

What is the predicted price of a Pelican Rapids home in 2035?

The predicted home sales price of a Pelican Rapids home in 2035 in Pelican Rapids is 551,985 USD.

Will real estate prices decrease in Pelican Rapids?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Pelican Rapids is the 8096. largest city in the United States, located in Minnesota State.

During the last 12 months the real estate prices in Otter Tail, Pelican Rapids increased, looking at the past 12 months.

According to Walletinvestor's Pelican Rapids real estate market research, home values will increase in the next 12 months.

Median home values increased by 0.216% to 379,637 USD, between 2024-09-23 and 2025-09-23

The average annual profit of property investment was:

  • 8.911% in 2020
  • 8.991% in 2021
  • 5.581% in 2022
  • 9.271% in 2023
  • 7.141% in 2024
  • 7.371% in 2025

Based on our Pelican Rapids real estate market research and report the predicted sales prices will increase by 105.163% in the next 10 years.

Over the last 12 months, the value of homes in Pelican Rapids fluctuated: increasing 6 times and decreasing 4 times.

Pelican Rapids (Minnesota) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Pelican Rapids Housing Market Forecast with Real Estate Prices for 2025
August 2025 388486 364011 412960
September 2025 390292 356727 423857
October 2025 392106 371716 412495
November 2025 393928 369899 417958
December 2025 395759 362120 429399
Pelican Rapids Housing Market Forecast with Real Estate Prices for 2026
January 2026 397599 368177 427021
February 2026 399447 377078 421816
March 2026 401304 369601 433007
April 2026 403169 368496 437841
May 2026 405043 383171 426915
June 2026 406926 368675 445177
July 2026 407924 369987 445861
August 2026 409820 370477 449162
September 2026 411725 373434 450015
October 2026 413638 377652 449625
November 2026 415561 387718 443404
December 2026 417493 387016 447970
Pelican Rapids Housing Market Forecast with Real Estate Prices for 2027
January 2027 419433 381265 457602
February 2027 421383 399049 443716
March 2027 423341 389051 457632
April 2027 425309 389158 461460
May 2027 427286 393958 460614
June 2027 429272 397506 461038
July 2027 428392 400975 455809
August 2027 427514 400580 454447
September 2027 426637 398052 455222
October 2027 425762 401920 449605
November 2027 425405 398605 452206
December 2027 426412 401254 451570
Pelican Rapids Housing Market Forecast with Real Estate Prices for 2028
January 2028 428394 403975 452812
February 2028 430385 398537 462234
March 2028 432386 406442 458329
April 2028 434395 394431 474360
May 2028 436414 404993 467836
June 2028 436193 394755 477631
July 2028 436173 399534 472811
August 2028 435278 409597 460960
September 2028 435928 408465 463392
October 2028 436642 412190 461094
November 2028 437078 409105 465051
December 2028 436182 410447 461917
Pelican Rapids Housing Market Forecast with Real Estate Prices for 2029
January 2029 436963 415115 458811
February 2029 438994 395534 482454
March 2029 441035 417219 464850
April 2029 443085 403207 482962
May 2029 445144 411758 478530
June 2029 447213 416355 478071
July 2029 449292 405261 493322
August 2029 451380 427457 475303
September 2029 450455 415770 485140
October 2029 449696 418667 480725
November 2029 451684 427745 475623
December 2029 451674 423219 480130
Pelican Rapids Housing Market Forecast with Real Estate Prices for 2030
January 2030 451434 413062 489805
February 2030 452713 419665 485761
March 2030 454488 411766 497210
April 2030 455620 427371 483868
May 2030 457737 413337 502138
June 2030 459865 415258 504472
July 2030 462003 419498 504507
August 2030 464150 436301 491999
September 2030 466308 435998 496617
October 2030 468475 430060 506890
November 2030 470652 435824 505481
December 2030 472840 433122 512559
Pelican Rapids Housing Market Forecast with Real Estate Prices for 2031
January 2031 475038 450811 499265
February 2031 477246 433339 521153
March 2031 479464 449738 509191
April 2031 481693 452791 510594
May 2031 482874 441347 524402
June 2031 485119 454556 515681
July 2031 487374 455694 519053
August 2031 489639 457323 521955
September 2031 491915 464368 519462
October 2031 494202 446264 542139
November 2031 496499 464226 528771
December 2031 498806 472868 524744
Pelican Rapids Housing Market Forecast with Real Estate Prices for 2032
January 2032 501125 461536 540714
February 2032 503454 463681 543227
March 2032 505794 477470 534119
April 2032 508145 462920 553370
May 2032 507103 470592 543615
June 2032 506064 461530 550597
July 2032 505026 470179 539873
August 2032 503991 477783 530198
September 2032 503568 477886 529250
October 2032 504760 479522 529997
November 2032 507106 469580 544632
December 2032 509463 479404 539521
Pelican Rapids Housing Market Forecast with Real Estate Prices for 2033
January 2033 511831 463719 559943
February 2033 514210 480786 547634
March 2033 516600 471656 561544
April 2033 516338 466769 565906
May 2033 516314 476041 556586
June 2033 515255 484340 546170
July 2033 516024 467518 564531

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.