Is Park Rapids, MN growing?
Park Rapids, MN had an estimated 4,270 (±22) residents in 2020–2024, against 4,054 in 2015–2019.
That is a change of +5.3%, a measurable increase.
Its housing went from 1,934 to 2,127 homes (+10.0%), not a measurable change.
3.2% of today’s homes were built in 2020 or later.
Figures last updated on .
- Residents now
- 4,270 (±22)
- Amount of change
- +5.3%
- Homes change
- +10.0%
- Built 2020 or later
- 3.2%
Residents and homes in Park Rapids, 2015–2019 and 2020–2024
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 4,054 (±20) | 4,270 (±22) | +5.3% | Measurable increase |
| Housing units | 1,934 (±154) | 2,127 (±137) | +10.0% | Not a measurable change |
| Households that rent | 54.7% (±5.9 points) | 45.4% (±6.0 points) | −9.3 percentage points | Measurable decrease |
| Median gross rent | $572 (±$131) | $825 (±$297) | +44.2% | No measurable change after inflation |
| Median home value | $144,900 (±$13,867) | $227,500 (±$19,128) | +57.0% | 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.
Growth in Park Rapids against Hubbard County, its state and the nation
| Residents | Verdict | Housing units | |
|---|---|---|---|
| Park Rapids | +5.3% | Measurable increase | +10.0% |
| Hubbard County | +3.9% | Measurable increase | −0.4% |
| Minnesota | +3.2% | Measurable increase | +4.4% |
| United States | +3.1% | Measurable increase | +4.6% |
A change in a place’s boundaries between the two periods (an annexation, say) changes its counts as well; the Census Bureau’s figures are for the place as it was drawn in each period.
New homes in Park Rapids
| Year built | Park Rapids | Hubbard County | Minnesota | United States |
|---|---|---|---|---|
| 2020 or later | 3.2% (±2.2 points) | 1.7% | 1.9% | 2.0% |
| 2010 to 2019 | 15.2% (±7.0 points) | 9.9% | 8.5% | 9.4% |
| 2000 to 2009 | 10.5% (±4.1 points) | 17.0% | 13.3% | 13.6% |
18.4% of the homes in Park Rapids were built in 2010 or later.
The median age of residents is 45.8 years.
Growth in places near Park Rapids
| Place | Distance | Residents now | Amount of change | Verdict |
|---|---|---|---|---|
| Park Rapids | — | 4,270 | +5.3% | Measurable increase |
| Todd Township | 3.2 mi | 1,414 | +9.1% | Not a measurable change |
| Henrietta Township | 4.7 mi | 1,389 | −11.8% | Not a measurable change |
| Straight River Township | 5.7 mi | 790 | −12.3% | Not a measurable change |
| Hubbard Township (Hubbard County) | 6.1 mi | 984 | +28.6% | Measurable increase |
| Arago Township | 7.2 mi | 800 | +28.8% | Measurable increase |
| Osage Township | 7.5 mi | 896 | +3.8% | Not a measurable change |
| Nevis Township | 9.3 mi | 1,106 | +11.4% | Not a measurable change |
| Lake Emma Township | 9.5 mi | 1,005 | −8.1% | Not a measurable change |
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
Is Park Rapids growing?
Park Rapids, MN had an estimated 4,270 residents in 2020–2024 and 4,054 in 2015–2019, a change of +5.3%: a measurable increase by the Census Bureau’s test.
How many homes have been added in Park Rapids?
The estimated number of housing units went from 1,934 in 2015–2019 to 2,127 in 2020–2024 (+10.0%), not a measurable change.
How much new construction is there in Park Rapids?
3.2% of homes in Park Rapids were built in 2020 or later and 15.2% between 2010 and 2019.
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Park Rapids city, Minnesota
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Park Rapids city, Minnesota
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Park Rapids city, Minnesota
- Housing Units (B25001), 2015–2019 ACS 5-year estimates — Park Rapids city, Minnesota
- Selected Housing Characteristics (DP04), 2015–2019 ACS 5-year estimates — Park Rapids city, Minnesota
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Park Rapids city, Minnesota
- Median Value (B25077), 2015–2019 ACS 5-year estimates — Park Rapids city, Minnesota
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
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 B01003_001E, B01003_001M, B25001_001E, B25001_001M, DP04_0047PE, DP04_0047PM, B25064_001E, B25064_001M, B25077_001E, B25077_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0017PE, DP04_0017PM, DP04_0018PE, DP04_0018PM, DP05_0018E, DP05_0018M
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.
Figures last updated on .
Related
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- Minnesota landlord and tenant rules
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- Housing data for every place in Minnesota