Park Rapids, MN
- Overview
- Performance
- Listings
- Buy Box
Key Performance Metrics
Market snapshotPerformance indicators for the Park Rapids short-term rental market based on reliable data.
Listings
69 / 368
Reliable / Active
Cap Rate
10%
Middle-Earners Gross Yield
Revenue
$30,347
Middle-Earners Revenue
Occupancy
46%
Middle-Earners Occupancy
Home Value
$306,128
Median Home Sale Price
Top Earners
$60,249
Top-Earners Revenue
Park Rapids
Market Revenue Seasonality
Top Listings
Highest revenueThe highest-performing listings in Park Rapids.
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Generally Investor friendly
Park Rapids Regulations
STRs are explicitly allowed with administratively approved city permits ($100) and county shoreland licenses, and there is no outright rental cap—only occupancy limits tied to septic capacity and basic structural caps. Compliance involves routine annual licensing, inspections, monthly lodging tax reporting, and significant documentation, but it follows a clear, known process and has defined enforcement mechanisms. The framework is manageable yet regulatory, positioning it as friendly rather than highly burdensome.
Local STR Agent
STR specialist · Park Rapids, MN
About Park Rapids
Park Rapids is a city in and the county seat of Hubbard County, Minnesota, United States. It is near Itasca State Park, the source of the Mississippi River, as well as the beginning of the Heartland State Trail. The city was founded in 1890 near the Fish Hook River rapids and is along U.S. Highway 71 and Minnesota State Highway 34. The population was 4,142 at the 2020 census.