Is Park Rapids, MN a good place to invest in rental property?

Park Rapids, MN has a median modeled monthly cash flow of $-965 and a median cap rate of 2.1%, on a median sold price of $262,450. Prices changed +10.6% year over year.

What is the average cap rate in Park Rapids, MN?

The median cap rate across recently sold homes in Park Rapids, MN is 2.1%, based on CashFlowRE's rent and expense modeling.

What is the median home price in Park Rapids, MN?

The median sold price in Park Rapids, MN is $262,450 (about $172 per square foot).

Investing in Park Rapids, MN Real Estate

A data-driven snapshot of the Park Rapids, MN rental-property market, built from recently sold homes and CashFlowRE's per-listing investment modeling — median price, cap rate, monthly cash flow, appreciation and inventory — so you can judge the market before you ever open a listing.

$262,450Median sold price

$172Median $/sqft

2.0%Median cap rate

$-965Modeled cash flow / mo

+10.6%Appreciation YoY

2.5Months of supply

37Active listings

178Sold (last 12 mo)

What the Park Rapids numbers say

In Park Rapids, MN, the median home sold for $262,450 (about $172 per square foot), and the typical deal models out to a 2.0% cap rate with a median $-965 of monthly cash flow. Sold prices moved +10.6% over the past year. Inventory sits at about 2.5 months of supply — a tight, seller-friendly market. These are medians across recorded sales; individual properties vary widely, which is exactly what CashFlowRE scores listing by listing.

Other Minnesota markets to compare

See Park Rapids cash-flowing listings

CashFlowRE ranks every for-sale home in Park Rapids, MN by cap rate, cash-on-cash return, DSCR and monthly cash flow — so the best rental deals rise to the top. Create a free account to screen Park Rapids deals, or browse the national market data.