Elk Rapids, MI Housing


0 Reviews



BestPlaces offers the best, most comprehensive city reports,
with insight into cost of living, crime, climate, and more.
United States / Michigan / No Metro Area / Antrim County / Elk Rapids / Zip Codes
Elk Rapids, MI is a desirable area for housing due to its higher median value of $431,200 compared to the US house median value of $338,100. The appreciation rate in Elk Rapids over the last year has been 15.49%, which is 7.22% higher than the US 1 year appreciation rate of 8.27%. This makes it an attractive option for those looking to invest in real estate or purchase a home in this area.

The median home cost in Elk Rapids is $431,200. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Elk Rapids is up 19.8%.

Average Age of Homes
- The median age of Elk Rapids real estate is 42 years old
The Rental Market in Elk Rapids
- Renters make up 12.0% of the Elk Rapids population
- 0.0% of houses and apartments in Elk Rapids, 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.

Median Monthly Rent by Number of Bedrooms

   Housing by Year Built

  HousingElk Rapids, MichiganUnited States
  1,213.0139,647,020.0
  5342
  $431,200$338,100
  19.8%16.6%
  69.9%57.0%
  122.2%101.1%
  $12.38$10.98
  $3,376$2,690
  43.9%57.4%
  39.9%11.2%
  16.2%31.4%
  Vacant Housing
  0.0%1.9%
  0.0%0.4%
  0.7%0.7%
  0.4%0.4%
  38.7%3.6%
  0.0%4.1%
  Value of Owner-Occupied Housing
  0.9%2.6%
  0.0%2.4%
  0.9%2.8%
  3.8%3.9%
  3.4%4.5%
  11.1%11.3%
  9.4%13.0%
  27.2%20.1%
  18.9%13.6%
  10.3%8.3%
  7.9%9.7%
  2.3%3.9%
  3.9%2.2%
  0.0%0.8%
  0.0%1.1%
  Housing Units by Year Structure Built
  0.3%0.2%
  8.4%13.6%
  8.4%13.6%
  10.6%13.6%
  14.1%13.2%
  13.7%14.8%
  10.6%13.6%
  7.3%10.0%
  4.8%4.7%
  30.9%12.2%
Commute
Compare Elk Rapids, MI
cost of living
Compare food, housing, utilities, and more in Elk Rapids, Michigan to any other city in the US.


The premier source for comprehensive city data for over 30 years.

© Best Places. All rights reserved.