Why Live in Park Rapids
Park Rapids, Minnesota, is a small city of about 3,600 residents located in the Heartland Lakes area, known for its numerous lakes and outdoor recreational opportunities. The city is surrounded by scenic lakes such as Long Lake and Fish Hook Lake, which are popular for fishing, boating, and other water activities. Park Rapids boasts a historic downtown with a variety of dining options, including Bella Caffe, Necce’s Ristorante, and The Good Life Cafe, as well as craft beer from Revel Brewing. The downtown area also features unique boutiques and landmarks like the Park Theater. For outdoor enthusiasts, Heartland Park offers amenities such as a playground, beach, fishing pier, and courts for horseshoe, pickleball, and basketball. The Heartland State Trail, a nearly 50-mile-long path, is ideal for hiking, biking, and snowmobiling. The community has a mix of homeowners, renters, and vacationers, with housing options ranging from ranch-style and Craftsman homes to secluded cabin-style properties. Park Rapids Area Schools serve the city and are highly rated. The city is connected to neighboring areas by Minnesota State Highway 34 and U.S. Highway 71, and Bemidji Regional Airport, located about 50 miles away, offers commercial flights. Winters in Park Rapids can be quite cold, with average lows of minus 3 degrees, but the area receives relatively moderate snowfall.
Home Trends in Park Rapids, MN
On average, homes in Park Rapids, MN sell after 53 days on the market compared to the national average of 70 days. The median sale price for homes in Park Rapids, MN over the last 12 months is $248,800, down 51% from the median home sale price over the previous 12 months.
Median Sale Price
$248,800
Median Single Family Sale Price
$262,000
Median Townhouse Sale Price
$174,900
Average Price Per Sq Ft
$226
Number of Homes for Sale
8
Last 12 months Home Sales
63
Median List Price
$367,660
Median Change From 1st List Price
0%
Median Home Sale Price YoY Change
-51%