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.


Housing Size

Housing Units by Size
Studio Type3.30%
One Bedroom27.50%
Two Bedrooms32%
Three Bedrooms25.90%
Four Bedrooms9.30%
Five Bedrooms or more2%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.7
Median year structure was built1959
Median Value of occupied units$66,700
Median Price asked for vacant units$75,400

Rented Homes, Apartments and Condos

Average Household Size1.45
Median year structure was built1975
Median Monthly Rent asked for vacant units$329

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0%
Second Mortgage5.60%
Home Equity Loan4.80%
Simple Mortgage50.10%
Debt Free39.50%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs15.3%