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These days, finding an affordable place to live in the Park Rapids area can be challenging. Home prices in Park Rapids are now at a median cost of $330,184, lower than the Washington average of $621,115.
The average cost of rent is $1,358/mo in Park Rapids, primarily driven by the current value of real estate in the Park Rapids area. In Park Rapids, 20.90% of households rent, and 48.86% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Park Rapids is $7,249 per month. Households that rent pay about 18.74% of their income on rent here. Park Rapids’s most expensive areas are in the southeastern regions, while the cheapest areas are in the northern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Arden, WA: equally priced homes
- Pinkney City, WA: equally priced homes
- Colville, WA: less expensive homes
- Orin, WA: less expensive homes
- Echo, WA: equally priced homes
- Addy, WA: higher priced homes
- Chewelah, WA: equally priced homes
- Cusick, WA: higher priced homes
- Ruby, WA: equally priced homes
- Kettle Falls, WA: equally priced homes
Cities with Similar Populations
- Hayden, AZ: less expensive homes
- South Cambridge, VT: higher priced homes
- South Athol, MA: equally priced homes
- Solen, ND: less expensive homes
- Sledge, MS: less expensive homes
- Hendrix, OK: less expensive homes
- Henderson, AL: less expensive homes
- Heceta Junction, OR: higher priced homes
- Heberlig, PA: less expensive homes
- Haywood, AL: less expensive homes
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