Housing · Park Rapids
Park Rapids, MN housing market
The typical Park Rapids home is worth about $327,000, up 3.8% in a year, 7% below the Minnesota typical home.
Home values, sales, trends and how Park Rapids compares with the towns next door — updated as new data is published.
The market right now
Park Rapids at a glance
Typical home value
$327K
▲ 3.8% in a year · Zillow
Ten-year trend
Typical home value, 2016–2026
Park RapidsMinnesota
Show as a table
| January | Park Rapids | Minnesota |
|---|---|---|
| 2017 | $180,000 | $217,000 |
| 2018 | $189,000 | $232,000 |
| 2019 | $198,000 | $246,000 |
| 2020 | $210,000 | $259,000 |
| 2021 | $231,000 | $282,000 |
| 2022 | $267,000 | $313,000 |
| 2023 | $286,000 | $325,000 |
| 2024 | $297,000 | $331,000 |
| 2025 | $311,000 | $341,000 |
| 2026 | $320,000 | $349,000 |
| August 2026 | $327,000 | $351,000 |
Affordability
7.3 years of income
The typical Park Rapids home costs about 7.3 years of the town's median household income, more than across Minnesota (3.9 years).
How Park Rapids ranks on affordability →
Home value ÷ ACS median household income.
The homes
Owners, rent & taxes
Homeownership
54.6%
Minnesota: 72.2%
Median tax bill
$2,365
Minnesota: $3,357
Median rent
$825
Minnesota: $1,280
Typical home built
1979
Minnesota: 1979
U.S. Census Bureau, ACS 2020-2024.
Home values: Zillow Home Value Index (ZHVI), Zillow Research, August 2026. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. Listings link to their publishers.