What is the median home value in Park Rapids, MN?

Name: Home values in Park Rapids, MN, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Park Rapids, MN is $227,500 (±$19,128), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Park Rapids, the median home value went from $144,900 in 2015–2019 to $227,500 in 2020–2024 (+57.0%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median home value: $227,500 (±$19,128)
Owner-occupied homes: 1,088 (±125)
Most common range: $200,000 to $299,999

Home values in Park Rapids

Owner-occupied homes by value, 2020–2024
Value	Park Rapids	Hubbard County	Minnesota	United States
Less than $50,000	2.3% (±2.7 points)	3.3%	4.0%	5.3%
$50,000 to $99,999	2.6% (±2.8 points)	5.4%	3.7%	6.1%
$100,000 to $149,999	14.3% (±7.0 points)	8.6%	5.2%	6.8%
$150,000 to $199,999	19.5% (±5.8 points)	12.6%	8.1%	9.0%
$200,000 to $299,999	28.9% (±8.0 points)	23.6%	22.6%	17.8%
$300,000 to $499,999	25.4% (±7.4 points)	30.2%	36.9%	26.9%
$500,000 to $999,999	0.7% (±1.1 points)	13.5%	17.0%	20.9%
$1,000,000 or more	6.3% (±6.2 points)	2.9%	2.6%	7.1%

The most common range is $200,000 to $299,999, 28.9% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Park Rapids against Hubbard County, its state and the nation

Estimate (90% margin of error)
	Park Rapids	Hubbard County	Minnesota	United States
Median home value	$227,500 (±$19,128)	$282,600 (±$9,739)	$329,300 (±$903)	$332,700
Owner-occupied homes	1,088 (±125)	7,445 (±198)	1,666,687 (±7,556)	84,210,142

In Park Rapids, the median home value is lower than in Hubbard County ($282,600).

It is also lower than in Minnesota ($329,300).

It is lower than the national figure ($332,700).

In Hubbard County, Park Rapids ranks 25 of 31 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 1565 of 2,558.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Park Rapids have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$144,900 (±$13,867)	$227,500 (±$19,128)	+57.0%	Up after inflation
Median owner cost with a mortgage	$1,074 (±$73)	$1,581 (±$197)	+47.2%	Up after inflation
Median real estate taxes	$1,439 (±$141)	$2,365 (±$264)	+64.4%	Up after inflation

The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.

Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.

The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.

Median home value in places near Park Rapids

Nearest places with a published estimate, compared with Park Rapids
Place	Distance	Median home value	Compared with this place
Park Rapids	—	$227,500 (±$19,128)	—
Todd Township	3.2 mi	$294,400 (±$33,826)	Higher
Henrietta Township	4.7 mi	$296,000 (±$41,211)	Higher
Straight River Township	5.7 mi	$248,800 (±$37,016)	Not measurably different
Hubbard Township (Hubbard County)	6.1 mi	$324,500 (±$44,206)	Higher
Arago Township	7.2 mi	$376,000 (±$72,795)	Higher
Osage Township	7.5 mi	$273,900 (±$25,379)	Higher
Nevis Township	9.3 mi	$341,000 (±$34,485)	Higher
Lake Emma Township	9.5 mi	$440,500 (±$43,354)	Higher

Nearby places with a measurably higher figure: Todd Township, MN ($294,400), Henrietta Township, MN ($296,000), Hubbard Township (Hubbard County), MN ($324,500).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Hubbard County, place by place

Rank	Place	Median home value
19	Lake George Township (Hubbard County)	$272,200 (±$52,391)
20	Farden Township	$271,600 (±$32,189)
21	Hendrickson Township	$261,900 (±$32,016)
22	Akeley Township	$251,600 (±$31,407)
23	Straight River Township	$248,800 (±$37,016)
24	Badoura Township	$246,400 (±$37,944)
25	Park Rapids	$227,500 (±$19,128)
26	Nevis	$182,000 (±$35,476)
27	Fern Township	$181,900 (±$54,841)
28	Lake Alice Township	$172,200 (±$32,512)
29	Lake Hattie Township	$162,500 (±$94,889)
30	Laporte	$159,400 (±$44,801)
31	Akeley	$110,500 (±$19,682)

Showing 13 of 31 places in Hubbard County, ranked from highest to lowest.

Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.

Margins of error are at the 90% confidence level.

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Questions about Park Rapids

What is the average home value in Park Rapids, MN?

The Census Bureau publishes the median: $227,500 (±$19,128) for owner-occupied homes in Park Rapids (2020–2024 American Community Survey).

Have home values in Park Rapids gone up?

In Park Rapids, the median home value went from $144,900 in 2015–2019 to $227,500 in 2020–2024 (+57.0%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Is this what homes in Park Rapids sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Park Rapids city, Minnesota (place:49768, in state:27).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.

Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.