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Park Rapids Real Estate Forecast, Park Rapids Area Housing Prices and Home Value Trends and Predictions

Is buying a house in Park Rapids a good investment? The median home price in Park Rapids today: ▼ 298,188 USD (-8.362%)

  • History
  • Forecast
  • Data
  • Q&A

Current Price

$298,188

1 Month Forecast

▲ $327,772

1-Year Forecast *

▲ $355,064

5-Year Forecast *

▲ $420,615

"Is it a good time to buy homes in Park Rapids?" "Does investing in real estate in Park Rapids (Minnesota State, Hubbard County) worth it?" According to our live Forecast System, buying a house in Park Rapids is a good short-term (1-year) investment*. The Park Rapids average house/property forecasts are updated every month with the latest median property prices by smart technical real estate market analysis. Q&A about "Park Rapids" projections.
At Walletinvestor.com we predict future home values/prices with real estate market analysis for a wide selection of properties, for example houses in Park Rapids in Minnesota State, Hubbard County. If you are looking for homes for sale with good flipping profit, Park Rapids can be a profitable property investment option. The median price of an average house in Park Rapids was 298,188 USD on 2025-09-23. Based on our forecasts, a long-term increase is expected, the predicted price of an average home in the "Park Rapids" area is 420,615 USD by 2030-09-23. For a 5-year investment the profit is expected to be around +41.06% meaning that investing 100000 USD today may yield a profit of 41,057 USD by 2030.

Current Median Listing Price: 298,188 USD Median Listing Price Per Square Foot: 166 USD

Park Rapids Real Estate Forecast Chart, Short-Term Housing Market Forecast for The Upcoming Months and Year

The short-term real estate market forecast is based on the median home listing prices from the last 5 years.

Park Rapids (Minnesota State) Forecast Chart, Long-Term Predictions for Next Months and Years: 2025-2031

The long-term housing forecast is based on all the available median listing price recorded up to today.

Park Rapids Price Target

Park Rapids median home price target in 12 months: $355,064* (upside of 19.1%)

14 Years Historical Data

DateOpening priceClosing priceMinimum priceMaximum price
2025 $322,226 $325,398 $322,226 $325,398
2024 $284,394 $298,188 $284,221 $298,188
2023 $274,538 $284,512 $273,817 $284,512
2022 $255,582 $276,117 $255,582 $278,203
2021 $221,717 $252,358 $221,717 $252,358
2020 $201,613 $219,218 $201,613 $219,218
2019 $189,527 $200,960 $189,527 $200,960
2018 $181,074 $188,856 $181,074 $188,856
2017 $172,310 $180,277 $172,310 $180,277
2016 $173,980 $172,031 $171,813 $174,070
2015 $167,057 $173,420 $167,057 $173,420
2014 $164,331 $166,312 $164,331 $166,312
2013 $158,699 $164,278 $158,699 $164,278
2012 $159,070 $158,729 $157,840 $159,316

Questions & Answers about the Park Rapids Housing Market Forecast

How much does an average home cost in Park Rapids today?

The value of an average home (the listing price) in Park Rapids is $298,188 USD.

What is the average price per square foot in Park Rapids?

According to Walletinvestor the median price per square foot in Park Rapids is 166 USD.

Will the median listing price of homes in Park Rapids grow / rise / go up?

Yes. The Park Rapids home prices may rise from 298,188 USD to 355,064 USD in one year.

Is it profitable to invest in Park Rapids homes?

Yes. The long-term profit potential is +19.07% in one year.

Will Park Rapids house prices fall / drop?

No. See above.

What is the predicted price of a Park Rapids home in 2030?

The predicted home sales price of a Park Rapids home in 2030 in Park Rapids is 420,615 USD.

What is the predicted price of a Park Rapids home in 2035?

The predicted home sales price of a Park Rapids home in 2035 in Park Rapids is 543,693 USD.

Will real estate prices decrease in Park Rapids?

According to our analysis, it is unlikely to happen.

Short-Term Outlook Based On The Last 12 Months

Park Rapids is the 5271. largest city in the United States, located in Minnesota State.

During the last 12 months the real estate prices in Hubbard, Park Rapids increased, looking at the past 12 months.

According to Walletinvestor's Park Rapids real estate market research, home values will increase in the next 12 months.

Median home values increased by 0.623% to 298,188 USD, between 2024-09-23 and 2025-09-23

The average annual profit of property investment was:

  • 20.704% in 2020
  • 20.294% in 2021
  • 19.254% in 2022
  • 19.984% in 2023
  • 20.584% in 2024
  • 19.144% in 2025

Based on our Park Rapids real estate market research and report the predicted sales prices will increase by 473.012% in the next 10 years.

Over the last 12 months, the value of homes in Park Rapids fluctuated: increasing 9 times and decreasing 1 times.

Park Rapids (Minnesota) Housing Market Price Prediction, Forecast for next months and years

Below you will find the price predictions for 2025, 2026, 2027, 2028, 2029, 2030, 2031, 2032, 2033.

Date Average price Minimum price Maximum price
Park Rapids Housing Market Forecast with Real Estate Prices for 2025
August 2025 327772 295651 359894
September 2025 330164 311345 348984
October 2025 332574 308296 356851
November 2025 335000 306860 363141
December 2025 337445 310112 364778
Park Rapids Housing Market Forecast with Real Estate Prices for 2026
January 2026 339908 313055 366760
February 2026 342388 323214 361562
March 2026 344887 318675 371098
April 2026 347403 322390 372416
May 2026 349939 319494 380383
June 2026 352492 325703 379282
July 2026 355064 320623 389506
August 2026 357375 323067 391683
September 2026 359961 328284 391637
October 2026 362588 340470 384705
November 2026 365234 332728 397739
December 2026 367899 333316 402481
Park Rapids Housing Market Forecast with Real Estate Prices for 2027
January 2027 370584 345754 395413
February 2027 373288 340065 406510
March 2027 376012 343675 408349
April 2027 378756 347698 409814
May 2027 380319 359782 400857
June 2027 380089 349682 410496
July 2027 379291 353878 404703
August 2027 379328 348982 409675
September 2027 379004 347547 410462
October 2027 377468 357839 397096
November 2027 375863 342787 408939
December 2027 374876 341887 407865
Park Rapids Housing Market Forecast with Real Estate Prices for 2028
January 2028 375613 352325 398901
February 2028 377787 343786 411788
March 2028 380459 357631 403286
April 2028 383235 346061 420409
May 2028 385552 355479 415625
June 2028 387259 351631 422886
July 2028 388307 367338 409276
August 2028 388666 365346 411986
September 2028 389201 354562 423840
October 2028 389470 355975 422964
November 2028 389309 367897 410721
December 2028 389072 350165 427979
Park Rapids Housing Market Forecast with Real Estate Prices for 2029
January 2029 390286 357892 422680
February 2029 392986 368228 417745
March 2029 395854 366561 425147
April 2029 398608 377881 419336
May 2029 400848 364772 436925
June 2029 403015 380849 425181
July 2029 405007 370986 439027
August 2029 406891 384105 429677
September 2029 407113 373730 440496
October 2029 407528 381039 434018
November 2029 410502 386693 434311
December 2029 411031 382259 439804
Park Rapids Housing Market Forecast with Real Estate Prices for 2030
January 2030 410686 372492 448880
February 2030 411053 376935 445170
March 2030 412086 372114 452058
April 2030 413300 376930 449671
May 2030 414542 378892 450193
June 2030 417567 395436 439698
July 2030 420615 396640 444590
August 2030 423684 400381 446987
September 2030 426776 399035 454516
October 2030 429890 392490 467291
November 2030 433027 394055 472000
December 2030 436187 405654 466720
Park Rapids Housing Market Forecast with Real Estate Prices for 2031
January 2031 439370 402024 476717
February 2031 442577 410268 474885
March 2031 445806 421287 470326
April 2031 449059 409542 488577
May 2031 452336 413435 491237
June 2031 455280 429784 480776
July 2031 458574 426474 490674
August 2031 461921 431434 492407
September 2031 465291 426207 504376
October 2031 468687 426505 510869
November 2031 472107 439532 504682
December 2031 475552 438935 512170
Park Rapids Housing Market Forecast with Real Estate Prices for 2032
January 2032 479022 448365 509680
February 2032 482518 443917 521120
March 2032 484510 440420 528600
April 2032 484217 444511 523923
May 2032 483200 443094 523305
June 2032 483247 451353 515142
July 2032 482835 451450 514219
August 2032 480877 443369 518386
September 2032 478833 432386 525280
October 2032 477575 447966 507185
November 2032 478515 434492 522538
December 2032 481284 447113 515456
Park Rapids Housing Market Forecast with Real Estate Prices for 2033
January 2033 484688 438158 531218
February 2033 488224 440867 535582
March 2033 491176 465144 517209
April 2033 493350 456349 530351
May 2033 494686 448185 541186
June 2033 495144 459988 530299
July 2033 495825 465580 526071

> Page 2: detailed data / price table <

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* Our real estate forecasts and predictions are made by Machine Learning & AI, and shouldn't been used for financial decisions. We can't guarantee any profit.