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Parkers Prairie

Learn about the people, housing, costs and businesses in Parkers Prairie, Minnesota

Median Home$235,100
Median Rent$813/month
Population1,061
Leading IndustriesManufacturing · Agriculture & Mining · Transportation6% manufacturing
Home Value Growth⬆⬆⬆+30.3% over 2 years
Retirees23% of residentsslightly above average
Homeowners87% of occupied units
Parkers Prairie
MN

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Frequently Asked Questions

What are today's mortgage rates in Parkers Prairie?

As of today, the 30-year fixed mortgage rate for Parkers Prairie is approximately 7.044% (7.085% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Parkers Prairie?

The median home value in Parkers Prairie is $235k. The median monthly rent is $813. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Parkers Prairie?

Home values in Parkers Prairie have increased 30.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Parkers Prairie?

Based on a typical all-in ownership cost of $871/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $37k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Parkers Prairie is $72k/year.

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What industries drive the economy in Parkers Prairie?

The largest employment sectors in Parkers Prairie are public administration (26%) and retail (14%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.