Housing in Park Rapids, MN
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Zillow — January 2026Zillow Home Value Index
$303,498
Park Rapids vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Park Rapids is highlighted.
Median Home Value
61st%ilemost expensive$218,500show rank
Median Rent
45th%ilemost expensive rent$912show rank
Rent Burden
80th%ilehighest rent burden23.9%show rank
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$218,500
Median Rent
$912
Total Housing Units
2,098
Vacancy Rate
6.0%
Owner Occupied
50.8%
Renter Occupied
49.2%
Median Property Tax
$2,221
per year
Monthly Cost (w/ Mortgage)
$1,049
Housing Types
Single Family62.4%
Multi-Family34.8%
Mobile Home2.8%
The median home value in Park Rapids, MN is $218,500. According to Zillow, the home value index for Park Rapids is $303,498. The median rent is $912 per month (Census ACS). About 50.8% of housing units are owner-occupied. The median year homes were built is 1981. There are 2,098 total housing units.