Housing & Real Estate — Park Rapids, Minnesota
Overview
| Total Housing Units | 2,098 |
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| Occupied | 1,972 |
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| Vacant | 126 |
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| Owner-Occupied | 1,002 |
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| Renter-Occupied | 970 |
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| Median Home Value (Census) | $227,500 |
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| Estimated 2026 | ~$250,000 |
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| Median Rent | $912/mo |
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| Median Property Tax | $2,365/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | expensive |
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| Rent as % of Income | 24.5% |
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| Severely Rent-Burdened | 46.5% |
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Housing Age
| Built 2010 or later | 391 |
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| Built 2000-2009 | 224 |
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| Built 1990-1999 | 338 |
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| Built before 1960 | 465 |
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| Median Year Built | 1978 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
