Park Rapids, MN Real Estate & Property Data

Park Rapids Real Estate Market Trends
Last Updated: August 30, 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 319 residential properties have sold over the past year. With a median home price of $291,537 in Park Rapids. 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 8,927
Total Commercial Properties 603
Avg. Home Age (Single Family Home) 48 Years
Avg. Square Feet (Single Family Home) 1,400
Total 2025 Residential Sales (year-to-date) 118
% of Homes Seriously Underwater (Q3 2025) 1.08%
Total 2024 Residential Sales 268
% of Equity Rich Homes (Q3 2025) 24.41%
Effective 2024 Property Tax 0.62%
Total Foreclosure Filings (year-to-date) 2
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Park Rapids, MN 56470 Real Estate Overview

There were 319 residential properties sold in the past year in Park Rapids, MN 56470. The median home value in Park Rapids, MN 56470 is $351,023. There are a total of 8,927 residential properties in the 56470.

Median Sales Price i
$291,537
(Jun 2025)
+25.7%
year-over-year
y-o-y
  • June '25 Jun '25 $291,537
  • May '25 May '25 $180,000
  • April '25 Apr '25 $276,250
  • March '25 Mar '25 $375,000
  • 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 $267,188
  • August '24 Aug '24 $294,937
  • July '24 Jul '24 $299,900
Median Down Payment i
  • June '25 Jun '25 N/A
  • May '25 May '25 $10,750
  • April '25 Apr '25 N/A
  • March '25 Mar '25 N/A
  • 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 $36,250
  • August '24 Aug '24 N/A
  • July '24 Jul '24 $51,500
Number of Homes Sold i
22
(Jun 2025)
-21.4%
year-over-year
y-o-y
  • June '25 Jun '25 22
  • May '25 May '25 22
  • April '25 Apr '25 18
  • March '25 Mar '25 16
  • 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 37
  • August '24 Aug '24 37
  • July '24 Jul '24 29
Number of Purchase Loans i
9
(Jun 2025)
-52.6%
year-over-year
y-o-y
  • June '25 Jun '25 9
  • May '25 May '25 13
  • April '25 Apr '25 8
  • March '25 Mar '25 13
  • 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 27
  • August '24 Aug '24 19
  • July '24 Jul '24 15
Number of REFI Loans i
20
(Jun 2025)
+5.3%
year-over-year
y-o-y
  • June '25 Jun '25 20
  • May '25 May '25 12
  • April '25 Apr '25 19
  • March '25 Mar '25 16
  • February '25 Feb '25 18
  • January '25 Jan '25 13
  • December '24 Dec '24 16
  • November '24 Nov '24 14
  • October '24 Oct '24 11
  • September '24 Sep '24 28
  • August '24 Aug '24 18
  • July '24 Jul '24 25
Number of HELOC Loans i
  • June '25 Jun '25 N/A
  • May '25 May '25 N/A
  • April '25 Apr '25 1
  • March '25 Mar '25 N/A
  • 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

Park Rapids, MN 56470 Foreclosure Activity

Total Foreclosure Filings i
  • June '25 Jun '25 N/A
  • May '25 May '25 N/A
  • April '25 Apr '25 N/A
  • March '25 Mar '25 N/A
  • 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
Foreclosure Starts i
  • June '25 Jun '25 N/A
  • May '25 May '25 N/A
  • April '25 Apr '25 N/A
  • March '25 Mar '25 N/A
  • 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
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