HomeMinnesotaHubbard CountyPark Rapids city
Park Rapids city, Minnesota: commercial real estate data.
Park Rapids city is a Census city of 4,270 people across 7.39 square miles of land, in Hubbard County. Median household income is $44,747, 54.6 percent of occupied homes are owned, and the SBA record carries 28 7(a) approvals to borrowers here worth $8.0 m.
77 sourced place values · tier FULL · 8 sections
Park Rapids
What Park Rapids is
- Census place typecity
- Land area7.39 sq mi
- Water area0.28 sq mi
- Population per square mile of land578
- County holding the largest share of its areaHubbard County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Park Rapids
How many people live in Park Rapids
- Population4,270
- Median age45.8
- Population under 18935
- Share under 1821.9 percent
- Population 65 and over1,210
- Share 65 and over28.3 percent
- Households1,992
- Family households1,005
- Share of households that are families50.5 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Park Rapids
Income and work in Park Rapids
- Median household income$44,747
- Per capita income$36,107 plus or minus $8,090
- Civilian labor force2,020
- Employed1,858
- Unemployed162 plus or minus 81
- Unemployment rate8.0 percent plus or minus 3.9
- Adults 25 and over3,114
- Adults 25 and over with a high school diploma or higher89.3 percent
- Adults 25 and over with a bachelor degree or higher22.0 percent plus or minus 5.3
- Adults 25 and over with a graduate degree5.1 percent plus or minus 2.3
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Park Rapids
Housing in Park Rapids
- Housing units2,127
- Occupied units1,992
- Vacant units135 plus or minus 90
- Vacancy rate6.3 percent plus or minus 4.2
- Owner occupied1,088
- Renter occupied904
- Ownership rate54.6 percent
- Median owner-occupied home value$227,500
- Median gross rent, monthly$825 plus or minus $297
- Annual rent as a share of median income22.1 percent plus or minus 8.9
- Single family units1,404
- Share single family66.0 percent
- Units in buildings of two or more655 plus or minus 193
- Share in buildings of two or more30.8 percent plus or minus 8.9
- Mobile homes68 plus or minus 44
- Median year structure built1979
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Park Rapids
How Park Rapids gets to work
- Workers 16 and over who commute1,639
- Commuting under 15 minutes942
- Share commuting under 15 minutes57.5 percent
- Commuting 30 minutes or more373 plus or minus 134
- Share commuting 30 minutes or more22.8 percent plus or minus 7.8
- Drove alone73.2 percent
- Carpooled8.5 percent plus or minus 3.7
- Public transport0.7 percent plus or minus 1.6
- Walked4.0 percent plus or minus 3.5
- Worked from home9.9 percent plus or minus 4.6
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Park Rapids
SBA 7(a) lending to Park Rapids borrowers
- Approvals28
- Gross approval$7,996,100
- Average approval$285,575
- Median approval$150,000
- Ninetieth percentile approval$1,000,000
- Largest approval$1,612,800
- Jobs supported128
- Jobs per approval4.6
- Loans with a final outcome12
- Paid in full11
- Charged off1
- Charge-off rate over resolved loans8.3 percent
- Median term120 months
- Share on real estate terms of 20 years or more17.9 percent
- Share to franchises7.1 percent
- Distinct lenders8
- Distinct industries by NAICS21
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Park Rapids
SBA 504 lending to Park Rapids borrowers
- Approvals24
- Gross approval$8,382,000
- Average approval$349,250
- Median approval$253,000
- Largest approval$1,608,000
- Jobs supported100
- Loans with a final outcome6
- Charged off0
- Median term300 months
- Distinct CDCs5
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Hubbard County, not Park Rapids
Hubbard County context, not Park Rapids figures
These are Hubbard County figures. There is no place level equivalent published for any of them, so they are shown as the county backdrop and never as Park Rapids measurements.
- Establishments in Hubbard County630
- Employment at those establishments, Hubbard County4,685
- Covered employment, Hubbard County6,263
- Average annual pay, Hubbard County$46,510
- Average weekly wage, Hubbard County$894
- Housing units permitted, Hubbard County25
- Of those, single family, Hubbard County23
- County product, 2024, Hubbard County$968,190,000
- County product change over the prior year, Hubbard County-0.6 percent
- Average income of an arriving household, Hubbard County$71,581
Every figure in this section is published for Hubbard County as a whole and is not a measurement of Park Rapids. It is here because a county backdrop is what a credit committee reads a place against, and it is labelled so that it can never be quoted as the place's own.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual. US Bureau of Economic Analysis, Regional, table CAGDP2, CAGDP2, through 2024. US Internal Revenue Service, Statistics of Income county migration flows, 2021 to 2022 filing years.
Coverage
What this page does not hold.
Every item below could be filled with a plausible figure. None of them is. On a page a lender may read, a number that cannot be traced is worse than an absence, so the absences are named.
- This place is not listed as a community in the FEMA Community Status Book, so no NFIP participation or CRS class is shown.
- Parcel level detail, zoning and flood zone at an address are resolved in the platform, not on this page.
SBA figures count approvals to borrowers whose address is in the place. They are not approvals for projects inside the place boundary: the tape records a borrower city and a project county, and those can differ.
Common questions
Park Rapids questions, answered from the record.
How many people live in Park Rapids, Minnesota?
4,270, in 1,992 households. Park Rapids city covers 7.39 square miles of land, which is 578 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Park Rapids in?
Hubbard County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Park Rapids?
$44,747. The median owner-occupied home is valued at $227,500. Median gross rent is $825 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Park Rapids businesses?
28 7(a) approvals totalling $8.0 m, across 8 lenders, median approval $150,000, plus 24 504 approvals worth $8.4 m. These count approvals to borrowers whose address is in Park Rapids, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Park Rapids borrowers get paid back?
Of the 12 loans that have reached a final outcome, 11 were paid in full and 1 charged off, a charge off rate of 8.3 percent. Loans still running are excluded because they have not yet succeeded or failed.
Are the county figures on this page Park Rapids figures?
No, and they are labelled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Hubbard County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Park Rapids.
Is zoning published for Park Rapids?
Not yet. The zoning layer is in build. Nothing on this page presents parcel level zoning.
Nearby