Park Rapids city: Homeownership Rate Trend
How Park Rapids city's homeownership rate 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
52.5%
2023
50.8%
Total change
-1.7 pp
% change
-3.2%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 52.5% | — |
| 2019 | 45.3% | -7.2 pp (-13.7%) |
| 2020 | 48.0% | +2.7 pp (6%) |
| 2021 | 46.9% | -1.1 pp (-2.3%) |
| 2022 | 45.1% | -1.8 pp (-3.8%) |
| 2023 | 50.8% | +5.7 pp (12.6%) |