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Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Park Rapids, MN area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Park Rapids, MN and much more. Save thousands at closing with home foreclosure listings in Park Rapids, MN — up to 75% off market value!
Park Rapids is located in Hubbard, Minnesota, with an estimated municipal population of 4,235 residents. All of the best foreclosed homes for sale in Park Rapids are located in the following zip code areas on Foreclosure.com: 56470. The estimated population per square kilometer (.62 miles) in Park Rapids is 220.
So, about how much do homes cost in Park Rapids? The most recent median value of resident-owned homes in Park Rapids is 144,823. An estimated 45.3 percent of households in Park Rapids own their homes, with an average family size of 3.16. The median household income in Park Rapids is 34,973, with10.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Park Rapids, the median commute time of resident workers (in minutes) is 14.4. And last, but certainly not least, are you looking for homes to rent in Park Rapids? If so, the average rent price paid by renters in Park Rapids is 572, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Park Rapids, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Park Rapids is 36, split between 46.5 percent male versus 53.5 female. The percentage of residents who report being married in Park Rapids is 39.6, with an average family size of 3.16.
The percentage of residents who report their race in Park Rapids is as follows:
|Black / African American||2%|
|American Indian / Alaskan Native||3.1%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Park Rapids? Or maybe you are searching for 55+ active adult communities in and/or near Park Rapids?
The percentage of residents who report their age in Park Rapids is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Park Rapids with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Park Rapids.
How do you know that living in -- or moving to -- Park Rapids is right where you need to be? Perhaps you grew up in Park Rapids or already live nearby; therefore, the decision to buy a home in Park Rapids is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Park Rapids for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Park Rapids:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Park Rapids.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Park Rapids can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Park Rapids, meanwhile, can field multiple offers from more qualified buyers.