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Foreclosure Auction Homes in Park Rapids, MN

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Park Rapids, MN Foreclosures

How much do homes sell for in Park Rapids, MN?
The average home price is currently $428,606.
In Park Rapids, MN, how many homes are available?
There are currently 1 active home listings available in Park Rapids.
What’s the average rental cost in Park Rapids, MN?
The average rental price in Park Rapids is $1,408.
What is the most expensive home in Park Rapids?
The most expensive home sold in Park Rapids had a price of $5,634,805.
What is currently the cheapest priced home in Park Rapids, MN?
The cheapest home for sale in Park Rapids is priced at $9,389.

Living in Park Rapids, MN

Park Rapids is a picturesque town in northern Minnesota, renowned for its stunning lakes and rich outdoor recreational opportunities. Residents enjoy a strong sense of community and access to essential amenities, including quality schools and public services. The town offers a blend of small-town charm and beautiful natural landscapes, making it an attractive location for families and outdoor enthusiasts alike.

Current Market Conditions in Park Rapids, MN

The real estate market in Park Rapids is currently experiencing moderate growth, with home prices steadily increasing over the past year. The demand for properties, particularly those near lakes and recreational areas, has risen due to an influx of buyers seeking a second home or permanent residence in a tranquil environment.

Investment opportunities are becoming more favorable, especially as more people discover the benefits of living in this beautiful area. The market remains competitive, and homes are selling relatively quickly, indicating a strong demand that is expected to continue in the coming months.

Home Value Estimator For Park Rapids, MN

There are currently 6,153 real estate properties in Park Rapids, MN, with a median automated valuation model (AVM) price of $348,831.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Park Rapids, MN, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Park Rapids, MN, is $428,606.00, with the most expensive house in Park Rapids, MN, topping out at $5,634,805.00 and the cheapest home in Park Rapids, MN, clocking in at $9,389.00. In other words, there’s something for every potential homebuyer or savvy investor in Park Rapids, MN!

Rent Prices In Park Rapids, MN

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Park Rapids, MN, is on a rollercoaster ride. The average rent price in Park Rapids, MN, is $1,408.00. Indeed, when looking to rent in Park Rapids, MN, you can expect to pay as little as $420.00 or as much as $2,640.00, with the average rent median estimated to be $1,380.00. The good news is that finding an affordable and desirable property to rent in Park Rapids, MN -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Park Rapids, MN Foreclosure Auction Homes


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