Park Rapids city: Median Home Value Trend
How Park Rapids city's median home value changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
$119,600
2023
$218,500
Total change
+$98,900
% change
+82.7%
| Year | Median Home Value | Change |
|---|---|---|
| 2017 | $119,600 | — |
| 2019 | $144,900 | +$25,300 (21.2%) |
| 2020 | $173,500 | +$28,600 (19.7%) |
| 2021 | $185,300 | +$11,800 (6.8%) |
| 2022 | $222,300 | +$37,000 (20%) |
| 2023 | $218,500 | $3,800 (-1.7%) |