Parkers Prairie, MN
Full City Profile · Minnesota · Otter Tail County County
3.2
/5.0
B
Good
1,089
Population
871/sq mi density
$58,750
Median Income
$29,263 per capita
$152,500
Home Value
$184,977 Zillow
$736
Median Rent
23.7% income on rent
43°F
Avg Temperature
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
B
Economy
3.4 / 5.0
$58,750 median income, 5.3% unemployment
A+
Affordability
5.0 / 5.0
$152,500 home value, $736/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
D
Education
1.9 / 5.0
10.8% bachelor's degree or higher
Housing Overview
Median Home Value
$152,500
46% below
US avg: $281,900
Median Rent
$736/mo
37% below
US avg: $1,163/mo
Homeownership Rate
76.0%
16% above US avg (65.4%)
Total Housing Units
465
Median year built: 1965
Home Value by Source
Census Median
$152,500
Zillow (ZHVI)
$184,977
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
76.0%
Owner-Occupied
24.0%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$809/mo
1 Bedroom
$899/mo
2 Bedroom
$1,125/mo
3 Bedroom
$1,483/mo
4 Bedroom
$1,698/mo
Census median rent:
$736/mo
Affordability & Housing Stock
Rent Burden
23.7%
of renters spending 30%+ of income on housing
24% below US avg (31.0%)
Median Year Built
1965
Average age of housing stock: 61 years
Homeownership Rate
76.0%
Complete Housing Data
Home Values
| Census Median Value | $152,500 |
| Zillow Home Value (ZHVI) | $184,977 |
Rent
| Census Median Rent | $736 |
| FMR Studio | $809 |
| FMR 1-Bedroom | $899 |
| FMR 2-Bedroom | $1,125 |
| FMR 3-Bedroom | $1,483 |
| FMR 4-Bedroom | $1,698 |
Market
Ownership & Stock
| Owner-Occupied | 76.0% |
| Renter-Occupied | 24.0% |
| Homeownership Rate | 76.0% |
| Total Housing Units | 465 |
| Median Year Built | 1965 |
| Rent Burden | 23.7% |