The median home in Park Rapids, Minnesota is valued at $303,498, up 2.8% year over year.
Home Value$303,498
+2.8%
AFFORDABILITY6.50% 30yr, 20% down, county tax + MN ins. 28% per HUD.
Enter your income for Park Rapids.
$60,700 on $303,498
Stretch — 31.5% of income
Above 28% but manageable with cuts.
PITI$1,968
P/I31.5%
Afford$270K
Gap-$34K
P&I $1,535Tax $283Ins $150
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in Minnesota
Compare Park Rapids with other housing markets across Minnesota.