Performance indicators for the Park Rapids short-term rental market based on reliable data.
Listings
Reliable / Active
Cap Rate
Middle-Earners Gross Yield
Revenue
Middle-Earners Revenue
Occupancy
Middle-Earners Occupancy
Home Value
Median Home Sale Price
Top Earners
Top-Earners Revenue
The highest-performing listings in Park Rapids.
Loading top listings...
Generally Investor friendly
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
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.