What is the population of Park Rapids city?

Park Rapids city has 4,226 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #169 of 914 in Minnesota.

What is the median household income in Park Rapids city?

Median household income in Park Rapids city is $45,800 a year, 41.7% below the national figure of $78,538.

How much does it cost to rent or buy in Park Rapids city?

Median gross rent is $912 a month and the median home value is $218,500, so rent absorbs about 23.9% of median household income.

Is Park Rapids city affordable compared with the rest of the US?

Homes cost about 4.8× the local median income here versus roughly 3.9× nationally, so Park Rapids city is less affordable to buy in than the typical US market, and rent takes 23.9% of median income against the 30% cost-burden line.

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Minnesota · Census place 49768

Park Rapids, MN population, income and ZIP codes

Quick answer

The population of the city of Park Rapids, Minnesota (Park Rapids, MN — Census place “Park Rapids city”) is 4,226 residents, ranking #169 of 914 places in Minnesota. Median household income is $45,800, the median home is worth $218,500 and median gross rent runs $912 a month. Looking for the Park Rapids Minnesota ZIP code list? 1 ZIP codes serve Park Rapids, MN: 56470.

Population: 4,226Park Rapids city residents
Median household income: $45,800Past 12 months, inflation adjusted
Median home value: $218,500Owner-occupied units
Median gross rent: $912Rent plus utilities, monthly
Median age: 45.2 yrsAll residents
Homeownership rate: 50.8%Owner-occupied households

Park Rapids ZIP codes (Minnesota)

Census ZCTAs whose delivery area overlaps Park Rapids.

The Park Rapids MN ZIP code list below covers 1 ZIP code. Open any one for its population, income, housing and rent profile.

56470

What the numbers mean in Park Rapids city

Housing cost measured against local earnings.

A household earning the Park Rapids city median would spend about 23.9% of gross income on the median rent. The 30% mark is the federal threshold for cost burden, so anything above it signals a stretched rental market. The median home costs 4.8× the median household income; nationally that ratio sits near 4.5×. Poverty affects 13.4% of residents and 50.8% of households own their home.

Source: US Census Bureau, ACS 2019-2023 5-year estimates · rates as published for 2019-2023 ACS 5-year

Park Rapids city, MN in context

How this area compares with national benchmarks.

Park Rapids city is a small town in Minnesota, with 4,226 residents counted in the Census American Community Survey 2019-2023 ACS 5-year estimates, which places it #169 of 914 ranked by population — larger than 81% of them. The median age here is 45.2 years against 39.1 nationally, a markedly older profile that usually tracks retirees staying put and younger households leaving for work. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.

Households in Park Rapids city earn a median of $45,800 a year, 41.7% below the national figure of $78,538 and 39% below the $75,469 median for the 361 Minnesota cities we cover. This figure covers the household, not the worker: two people on ordinary wages at one address outrank a single professional in the same table. Poverty reaches 13.4% of residents here, above the 12.4% national rate.

The typical owner-occupied home in Park Rapids city is valued at $218,500, 28% below the national figure and 9% below the $240,400 peer median, while median gross rent runs $912 a month, 35.1% below the national figure, or roughly $10,944 across a full year. A household on the local median income would put about 23.9% of gross pay toward that rent against the federal 30% cost-burden threshold, so renting here is within the standard affordability guideline. The home-price-to-income ratio works out to 4.8×, against roughly 3.9× nationally, so buying is harder here than in the average US market. 50.8% of occupied homes are owner-occupied versus 65% nationally, so the market leans more heavily on renters. Gross rent folds in the utilities a tenant pays separately, so it is closer to the real monthly outlay than a headline rent figure.

All values below were released by the Census for this exact geography, with no gap-filling on our side. Small-area estimates still carry wider margins of error than state or national figures, so check the linked ACS tables before relying on them for lending, appraisal or legal work.

Compare with nearby places

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Frequently asked questions

Common questions about this area.

What is the population of Park Rapids city?: Park Rapids city has 4,226 residents on Census ACS 2019-2023 ACS 5-year estimates, ranking #169 of 914 in Minnesota.
What is the median household income in Park Rapids city?: Median household income in Park Rapids city is $45,800 a year, 41.7% below the national figure of $78,538.
How much does it cost to rent or buy in Park Rapids city?: Median gross rent is $912 a month and the median home value is $218,500, so rent absorbs about 23.9% of median household income.
Is Park Rapids city affordable compared with the rest of the US?: Homes cost about 4.8× the local median income here versus roughly 3.9× nationally, so Park Rapids city is less affordable to buy in than the typical US market, and rent takes 23.9% of median income against the 30% cost-burden line.
How current is this Park Rapids city data?: All figures come from the US Census Bureau American Community Survey 2019-2023 ACS 5-year five-year estimates. At this population the ACS sample is small, so the margin of error around every dollar figure below is wide — treat the numbers as a band, not a point, and expect them to move between annual releases without the place itself changing.