Home prices
Park Rapids's median home value is $144,900. Compared to its nearby areas this is about $35,340 (32%) higher.In comparison to the rest of the nation it is approximately $72,600 (33%) lower, and compared to the city of Bemidji is approximately $5,000 (3%) higher.
Rents
The median rent in Park Rapids is $572 a month. This is roughly $149 (20%) lower compared to nearby areas.In comparison to the entire country it is roughly $490 (46%) lower, and in comparison to the city of Bemidji it is about $215 (27%) lower.
Nearby places
Osage
Osage is about 8 miles west from Park Rapids. Its housing prices are a little more expensive. The price of the median home in Osage is $160,900, which works out to $16,000 (9%) higher than Park Rapids. Rent there is substantially more expensive. Osage's median rent is $914 a month, which comes out to $342 (37%) higher than Park Rapids.
Nevis
Nevis is approximately 9 miles east of Park Rapids. Real estate prices there are a lot less expensive. Nevis's median home value is $97,500, which comes out to $47,400 (48%) lower than Park Rapids. Rent there is a bit more expensive. The median rent in Nevis is $716 a month, which works out to $144 (20%) higher than Park Rapids.
Menahga
Menahga is about 10 miles south from Park Rapids. Its real estate prices are a lot less expensive. Menahga's median home price is $107,700, which is $37,200 (34%) lower than Park Rapids. Rent there is a little more expensive. The median monthly rent in Menahga is $767, which works out to $195 (25%) higher than Park Rapids.
Pine Point
Pine Point is approximately 13 miles west from Park Rapids. The real estate prices there are a lot less expensive. The price of the median home in Pine Point is $107,200, which comes out to $37,700 (35%) lower than Park Rapids. Its rents are somewhat less expensive. The median monthly rent in Pine Point is $450, which is $122 (27%) lower than Park Rapids.
Akeley
Akeley is about 14 miles east of Park Rapids. Its real estate prices are significantly less expensive. The median home in Akeley costs $74,500, which works out to $70,400 (94%) lower than Park Rapids. Rent there is somewhat more expensive. In Akeley the median monthly rent is $756, which is $184 (24%) higher than Park Rapids.
