Park Rapids, MN Real Estate & Property Data

Park Rapids Real Estate Market Trends
Last Updated: April 22, 2025

Accurate and comprehensive real estate data is critical for insight into Park Rapids, MN 56470. ATTOM’s Park Rapids real estate data is updated daily, and current market trends show that in Park Rapids, MN a total of 295 residential properties have sold over the past year. With a median home price of $248,000 in Park Rapids and a total of 2 foreclosures. Get detailed property data for Park Rapids, MN instantly. ATTOM is your one-stop-shop for the Park Rapids property reports and real estate data you need in Park Rapids, MN.

Park Rapids Real Estate Market Trends
Total Residential Properties 8,898
Total Commercial Properties 613
Avg. Home Age (Single Family Home) 48 Years
Avg. Square Feet (Single Family Home) 1,454
Total 2025 Residential Sales (year-to-date) 40
% of Homes Seriously Underwater (Q2 2025) 1.25%
Total 2024 Residential Sales 267
% of Equity Rich Homes (Q2 2025) 24.93%
Effective 2024 Property Tax 0.59%
Total Foreclosure Filings (year-to-date) 2
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Park Rapids, MN 56470 Real Estate Overview

There were 295 residential properties sold in the past year in Park Rapids, MN 56470. The median home value in Park Rapids, MN 56470 is $344,389. There are a total of 8,898 residential properties in the 56470.

Median Sales Price i
$248,000
(Feb 2025)
  • February '25 Feb '25 $248,000
  • January '25 Jan '25 $223,850
  • December '24 Dec '24 $204,844
  • November '24 Nov '24 $250,000
  • October '24 Oct '24 $254,375
  • September '24 Sep '24 $251,969
  • August '24 Aug '24 $294,937
  • July '24 Jul '24 $296,794
  • June '24 Jun '24 $231,900
  • May '24 May '24 $257,394
  • April '24 Apr '24 $843,750
  • March '24 Mar '24 N/A
Median Down Payment i
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 N/A
  • November '24 Nov '24 N/A
  • October '24 Oct '24 $23,000
  • September '24 Sep '24 $37,500
  • August '24 Aug '24 N/A
  • July '24 Jul '24 $51,500
  • June '24 Jun '24 $170,000
  • May '24 May '24 N/A
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
Number of Homes Sold i
21
(Feb 2025)
+950%
year-over-year
y-o-y
  • February '25 Feb '25 21
  • January '25 Jan '25 19
  • December '24 Dec '24 28
  • November '24 Nov '24 19
  • October '24 Oct '24 23
  • September '24 Sep '24 36
  • August '24 Aug '24 37
  • July '24 Jul '24 28
  • June '24 Jun '24 28
  • May '24 May '24 52
  • April '24 Apr '24 2
  • March '24 Mar '24 N/A
Number of Purchase Loans i
12
(Feb 2025)
+500%
year-over-year
y-o-y
  • February '25 Feb '25 12
  • January '25 Jan '25 6
  • December '24 Dec '24 16
  • November '24 Nov '24 7
  • October '24 Oct '24 16
  • September '24 Sep '24 23
  • August '24 Aug '24 18
  • July '24 Jul '24 14
  • June '24 Jun '24 20
  • May '24 May '24 12
  • April '24 Apr '24 1
  • March '24 Mar '24 N/A
Number of REFI Loans i
17
(Feb 2025)
-19%
year-over-year
y-o-y
  • February '25 Feb '25 17
  • January '25 Jan '25 13
  • December '24 Dec '24 16
  • November '24 Nov '24 14
  • October '24 Oct '24 9
  • September '24 Sep '24 26
  • August '24 Aug '24 14
  • July '24 Jul '24 24
  • June '24 Jun '24 29
  • May '24 May '24 32
  • April '24 Apr '24 19
  • March '24 Mar '24 26
Number of HELOC Loans i
  • February '25 Feb '25 N/A
  • January '25 Jan '25 N/A
  • December '24 Dec '24 4
  • November '24 Nov '24 1
  • October '24 Oct '24 N/A
  • September '24 Sep '24 1
  • August '24 Aug '24 N/A
  • July '24 Jul '24 1
  • June '24 Jun '24 N/A
  • May '24 May '24 1
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A

Park Rapids, MN 56470 Foreclosure Activity

There were a total of 2 Park Rapids, MN 56470 properties with a foreclosure filing in February 2025.

Total Foreclosure Filings i
2
(Feb 2025)
  • February '25 Feb '25 2
  • January '25 Jan '25 N/A
  • December '24 Dec '24 1
  • November '24 Nov '24 1
  • October '24 Oct '24 2
  • September '24 Sep '24 1
  • August '24 Aug '24 N/A
  • July '24 Jul '24 2
  • June '24 Jun '24 2
  • May '24 May '24 N/A
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
Foreclosure Starts i
2
(Feb 2025)
  • February '25 Feb '25 2
  • January '25 Jan '25 N/A
  • December '24 Dec '24 1
  • November '24 Nov '24 1
  • October '24 Oct '24 2
  • September '24 Sep '24 1
  • August '24 Aug '24 N/A
  • July '24 Jul '24 2
  • June '24 Jun '24 2
  • May '24 May '24 N/A
  • April '24 Apr '24 N/A
  • March '24 Mar '24 N/A
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