HomeMinnesotaHubbard CountyPark Rapids
Park Rapids, Minnesota: commercial real estate data.
Park Rapids 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 since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
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 loans in Park Rapids (7(a))
- Approvals28
- Gross approval$7,996,100
- Average approval$285,575
- Median approval$150,000
- Ninetieth percentile approval$701,800
- Largest approval$1,612,800
- Jobs supported128
- Jobs per approval4.6
- Loans with a final outcome12
- Paid in full11
- Charged off1
- 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
Counted by borrower city: approvals to borrowers whose address is in Park Rapids, in any county, FY2020 to FY2026. Only 12 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Park Rapids
SBA loans in Park Rapids (504)
- Approvals24
- Gross approval$8,382,000
- Average approval$349,250
- Median approval$251,000
- Largest approval$1,608,000
- Jobs supported100
- Loans with a final outcome6
- Charged off0
- Median term300 months
- Distinct CDCs5
Counted by borrower city: approvals to borrowers whose address is in Park Rapids, in any county, FY2010 to FY2026. Only 6 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Park Rapids
Flood risk in Park Rapids
- NFIP communityCity of Park Rapids
- NFIP community number270196
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date(NSFHA)
The City of Park Rapids participates in the National Flood Insurance Program as community 270196 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Hubbard County, not Park Rapids
Hubbard County context, not Park Rapids figures
- Establishments in Hubbard County630
- Covered employment, Hubbard County6,263
- Average annual pay, Hubbard County$46,510
- Housing units permitted, Hubbard County25
Every figure in this section is published for Hubbard County as a whole and is not a measurement of Park Rapids.
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.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
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 totaling $8.0 m since FY2020, across 8 lenders, median approval $150,000, plus 24 504 approvals worth $8.4 m since FY2010. 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?
No rate is published for Park Rapids. Only 12 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Park Rapids in the National Flood Insurance Program?
Yes. Park Rapids appears in the FEMA Community Status Book as Park Rapids, city of, community 270196, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Park Rapids figures?
No, and they are labeled 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?
No. Nothing on this page presents parcel level zoning.
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