Rapid City, MI is a great place to live in terms of housing value. The median housing value is $294,300, which is significantly lower than the national median of $338,100. Additionally, the appreciation rate of Rapid City's housing market has been seen to be much higher than the national average over the past year. In fact, it was 15.49%, compared to 8.27%. This makes Rapid City an excellent choice for anyone looking to invest in real estate in Michigan.
The median home cost in Rapid City is $294,300. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Rapid City is up 19.8%.
Average Age of Homes
- The median age of Rapid City real estate is 43 years old
The Rental Market in Rapid City
- Renters make up 12.6% of the Rapid City population
- 0.0% of houses and apartments in Rapid City, are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.