Park Rapids Real Estate

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Park Rapids, Minnesota
Average Home Sizes and Asking Prices

Updated On: July 25, 2017
Zipcode Single Family Home Townhome or Condo
4 BR 3 BR #Lst 3 BR 2 BR #Lst
56470 4,200 sf $828,000 2,100 sf $246,000 60


56470 - 3 Bedroom Homes
# of Listings and Avg Price*
 2 Years Ago  72   $269k
 1 Year Ago  55   $284k
 6 Months Ago   25   $192k
*Averaged for 3 bedroom active listings



Asking Price in 56470 - 3 Bedroom Single Family Homes
56470 real estate listing price trend

56470 sold real estate price trend
Demographics & Schools Mortgage Calculator Area Map

Park Rapids Real Estate & Homes for Sale in Minnesota

Welcome to Park Rapids, Minnesota, a wonderful community located in Hubbard County. It is the location of Itasca State Park, the source of the Mississippi River. The natural attractions in the Park Rapids Minnesota area include more than 400 lakes, rivers and streams and more than 3 million acres of forests.



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Park Rapids Real Estate Market Info - Prices of Houses for Sale in Park Rapids

Buyers looking to purchase a home in the pleasant community of Park Rapids will find that the area predominantly offers listings of single family homes, with a few listings of condos and townhomes. Prices for Park Rapid's single family homes run the pricing spectrum of $15,000 to $1.2million. A 2-bedroom/2 bathroom condo or townhome in Park Rapid starts at just under $150,000.


Park Rapids Real Estate Stats and Trends for the week of March 27th, 2017: homes priced around $245,892 compared to $243,404 the previous week, showing a increase of more than +1%.  For Tuesday, July 25th, the current national mortgage rate for a 30 year fixed mortgage is 3.85%; the 15 year fixed rate is at 3.85%. For a loan larger than conventional conforming loans, or 'jumbo' loan, the 30 year rate is 4.09%, while the 15 year jumbo rate currently is at 3.69%.

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