Market Overview
Home Prices in Park River, ND
The median home value in Park River, ND is $181,462 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 8.1% compared to a year ago and up 5.4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Park River are priced56% below average.
Over the past five years, Park River home values have risen by approximately28.5%, reflecting strong long-term appreciation in this market.
Price History
Park River Home Price Trend
2020
$132,257
$132K
—
2021
$141,176
$141K
+6.7%
2022
$152,058
$152K
+7.7%
2023
$161,021
$161K
+5.9%
2024
$159,312
$159K
-1.1%
2025
$167,858
$168K
+5.4%
2026
$181,462
$181K
+8.1%
City Comparison
Park River vs. National Median
🏠 Park River
$181,462
National Median
$410,000
At $181,462, homes in Park River cost 56% below the national median of $410,000. This makes Park River a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Park River?
20% Down Payment
$36,292
on $181,462
Monthly P&I
$946/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,201/mo
incl. taxes & insurance
Income Needed
$48,040
gross annual (30% rule)
10% Down Option
$18,146
+ PMI applies
Loan Amount (20% dn)
$145,170
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Park River, ND?
The median home value in Park River is $181,462 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 8.1% year-over-year.
How much have home prices changed in Park River?
Over the past year, home values in Park River have increased by 8.1%. Over five years, prices have risen approximately 28.5%.
How much do I need to earn to buy a home in Park River?
To comfortably afford the median home price of $181,462 with a 20% down payment ($36,292) at today's rates (6.8%), you'd need a gross annual income of approximately $48,040. This assumes keeping total housing costs at or below 30% of gross income.
How does Park River compare to the national average home price?
The national median home value is approximately $410,000. At $181,462, homes in Park River are 56% below the national average.