Elk Rapids township, MI is known for its high housing values. The median value of a house in Elk Rapids township is $427,400 - significantly higher than the US median value of $338,100. In the past year, the value of housing in Elk Rapids has appreciated at an impressive 15.49%, while housing appreciation across the US was 8.27%. With strong appreciation rates and high median values, it's no surprise that Elk Rapids township is a desirable and attractive place to live.
The median home cost in Elk Rapids township is $427,400. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Elk Rapids township is up 19.8%.
Average Age of Homes
- The median age of Elk Rapids township real estate is 38 years old
The Rental Market in Elk Rapids township
- Renters make up 12.4% of the Elk Rapids township population
- 0.0% of houses and apartments in Elk Rapids township, 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.