Park Rapids, MN Real Estate
According to census data in the year 2000 there were 1,621 housing units in Park Rapids.
This represents a 13.4% growth from 1,429 in 1990.
Of those housing units, 1,527 were located in either urbanized areas or urban clusters, and 94 were located in what is classified as a rural area.
Homeownership rate in Park Rapids is about 52.3%.
Park Rapids's vacancy rate, including seasonal lodging, is about 8.8%.
Average household size is 2.1 people.
The majority of houses, apartments or condos in Park Rapids were built after 1971.
Statistics
Housing Size
| Housing Units by Size |
|---|
| Studio Type | 3.30% |
| One Bedroom | 27.50% |
| Two Bedrooms | 32% |
| Three Bedrooms | 25.90% |
| Four Bedrooms | 9.30% |
| Five Bedrooms or more | 2% |
Owned Homes, Apartments and Condos
| Average Household Size | 2.7 |
| Median year structure was built | 1959 |
| Median Value of occupied units | $66,700 |
| Median Price asked for vacant units | $75,400 |
Rented Homes, Apartments and Condos
| Average Household Size | 1.45 |
| Median year structure was built | 1975 |
| Median Monthly Rent asked for vacant units | $329 |
Owners Finance Status
| Housing Finance |
|---|
| Second Mortgage & Equity Loan | 0% |
| Second Mortgage | 5.60% |
| Home Equity Loan | 4.80% |
| Simple Mortgage | 50.10% |
| Debt Free | 39.50% |
| Median part of Monthly Household Income dedicated to covering home ownership costs | 15.3% |
