House Prices

House Prices & Home Values Park Rapids, MN 2026


Average Data

average house price$143,850
average size per house1314 ft²
average price per ft²110 $ / ft²

05/21/2026 - The value range (VR) for house prices in Park Rapids, MN is $112/ sqft to $112/ sqft. An average home with 1314 sqft costs approximately $147,168 to $147,168. Park Rapids, MN includes 1 ZIP codes and it is located in Hubbard county. The lowest prices are found in ZIP 56470, while the highest are in ZIP 56470. The average price per sqare feet is $110. Our analysis is based on 4 property listings.

Avergage prices by ZIP codes Park Rapids

56470106 $ / ft²




Historical development of home values in Park Rapids

Year Estimated value (USD) Change vs. 2025
2010 $66,807 -53.6%
2011 $64,223 -55.4%
2012 $64,050 -55.5%
2013 $66,444 -53.8%
2014 $69,748 -51.5%
2015 $73,328 -49.0%
2016 $77,155 -46.4%
2017 $81,319 -43.5%
2018 $85,815 -40.3%
2019 $89,794 -37.6%
2020 $94,436 -34.4%
2021 $107,410 -25.3%
2022 $125,216 -13.0%
2023 $132,047 -8.2%
2024 $139,686 -2.9%
2025 $143,850 0.0%

Graph: estimated home values in Park Rapids over time (USD)



Example: 100% financing house in Park Rapids

Loan amount: $143,850

Interest rate: 6.00%

Fixed monthly payment: $862.45

Breakdown in the 1st month:
Interest portion: $719.25  –  Principal portion: $143.20

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $8,582.95 $1,766.49 $142,083.51
2 $8,473.99 $1,875.45 $140,208.06
3 $8,358.32 $1,991.12 $138,216.93
4 $8,235.51 $2,113.93 $136,103.00
5 $8,105.13 $2,244.31 $133,858.69
6 $7,966.70 $2,382.74 $131,475.96
7 $7,819.74 $2,529.70 $128,946.26
8 $7,663.72 $2,685.73 $126,260.53
9 $7,498.07 $2,851.37 $123,409.16
10 $7,322.20 $3,027.24 $120,381.92
11 $7,135.49 $3,213.95 $117,167.96
12 $6,937.26 $3,412.18 $113,755.78
13 $6,726.80 $3,622.64 $110,133.13
14 $6,503.36 $3,846.08 $106,287.06
15 $6,266.15 $4,083.29 $102,203.76
16 $6,014.30 $4,335.14 $97,868.62
17 $5,746.92 $4,602.53 $93,266.09
18 $5,463.04 $4,886.40 $88,379.69
19 $5,161.66 $5,187.78 $83,191.91
20 $4,841.69 $5,507.75 $77,684.16
21 $4,501.98 $5,847.46 $71,836.70
22 $4,141.32 $6,208.12 $65,628.58
23 $3,758.42 $6,591.02 $59,037.56
24 $3,351.90 $6,997.54 $52,040.02
25 $2,920.31 $7,429.13 $44,610.89
26 $2,462.09 $7,887.35 $36,723.54
27 $1,975.62 $8,373.82 $28,349.72
28 $1,459.14 $8,890.30 $19,459.42
29 $910.81 $9,438.63 $10,020.79
30 $328.65 $10,020.79 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Park Rapids, MN


1500 sqft3900 sqft
Ø selling price$199,651$424,711
Ø fast selling$181,501$382,240
Ø high price sale$217,801$467,182

In 2026, houses in Park Rapids, MN will be offered at an average price of $110 per square foot. A 1,500 sqft home priced at $199,651 is 21.76% more expensive per square foot than a 3,900 sqft home priced at $424,711. Home prices in Park Rapids, MN vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $294,030. Sellers who can wait longer may achieve a higher price of up to $359,370.


Park Rapids, MN Travel Guide

Discover Park Rapids, MN, a Northwoods getaway known for its vibrant downtown and easy access to the Mississippi Headwaters.

Located near Itasca State Park, Park Rapids, Minnesota offers year-round recreation and small-town charm.

Top Things to Do

Top things to do include kayaking on Fish Hook Lake, biking the scenic Heartland State Trail, and browsing boutiques along Main Avenue.

Families love visiting the Headwaters where you can walk across the river, plus seasonal events like 2nd Street Stage and the Logging Days celebration.

Outdoor Recreation

Anglers find walleye, northern pike, and bass on nearby lakes such as Long Lake and Potato Lake, while winter brings snowmobiling and ice fishing.

Photographers will appreciate fall color drives and birding in Tamarac National Wildlife Refuge, just a short, scenic ride away.

Downtown, Dining, and Lodging

Stay at cozy cabins, lakeside resorts, or comfortable hotels, and savor local restaurants serving walleye, burgers, and craft coffee.

The walkable downtown mixes historic storefronts with galleries and outfitters, making trip planning easy for couples and families.

When to Visit

Summer is prime for boating and festivals, while shoulder seasons offer fewer crowds and great rates on Park Rapids MN cabins and vacation rentals.
For your itinerary, combine Itasca State Park hikes with downtown shopping, then unwind at a sunset beach or around a resort campfire.



FAQ – Home Values in Park Rapids

What is the median home value in Park Rapids in 2026?

In 2026, the typical home value in Park Rapids is about $143,850 for an average home size of 1314 square feet. This corresponds to an average price of roughly $110 per square foot.

What is the average cost per square foot in Park Rapids?

In 2026, homes in Park Rapids sell for an average of around $110 per square foot, with a typical range between $112 and $112 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Park Rapids is about 1314 square feet, with an estimated 2026 value around $143,850.



Locations close to Park Rapids, MN

Pequot Lakes, MN177 $ / ft²
Pillager, MN146 $ / ft²
Pine River, MN168 $ / ft²
Palisade, MN304 $ / ft²
Nisswa, MN261 $ / ft²
Nevis, MN164 $ / ft²




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