Minnesota · Census place 49768
Park Rapids city, MN
Quick answer
Park Rapids city has 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.
- 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
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
Compare with nearby places
Places of similar size in Minnesota.
- Newport city 4,460
- Wayzata city 4,363
- Wadena city 4,361
- Cannon Falls city 4,216
- Columbus city 4,211
- Le Sueur city 4,204
- Cold Spring city 4,201
Keep going
More Minnesota coverage.