Park Rapids, MN Real Estate
According to census data in the year 2000 there were 1,621 housing units in Park Rapids.
This represents a 13.4% growth from 1,429 in 1990.
Of those housing units, 1,527 were located in either urbanized areas or urban clusters, and 94 were located in what is classified as a rural area.
Homeownership rate in Park Rapids is about 52.3%.
Park Rapids's vacancy rate, including seasonal lodging, is about 8.8%.
Average household size is 2.1 people.
The majority of houses, apartments or condos in Park Rapids were built after 1971.
|Housing Units by Size|
|Five Bedrooms or more||2%|
Owned Homes, Apartments and Condos
|Average Household Size||2.7|
|Median year structure was built||1959|
|Median Value of occupied units||$66,700|
|Median Price asked for vacant units||$75,400|
Rented Homes, Apartments and Condos
|Average Household Size||1.45|
|Median year structure was built||1975|
|Median Monthly Rent asked for vacant units||$329|
Owners Finance Status
|Second Mortgage & Equity Loan||0%|
|Home Equity Loan||4.80%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||15.3%|