The housing market in Rapid River, MI is performing well compared to the national average. The median value of houses is $153,400, which is significantly lower than the US median value of $338,100. Additionally, the 1 year house appreciation rate in Rapid River, MI is 15.49%, higher than the US rate of 8.27%. This shows that those looking for a home in Rapid River can expect to see significant increases in their investments over time.
The median home cost in Rapid River township (Kalkaska County) is $153,400. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Rapid River township (Kalkaska County) is up 19.8%.
Average Age of Homes
- The median age of Rapid River township (Kalkaska County) real estate is 35 years old
The Rental Market in Rapid River township (Kalkaska County)
- Renters make up 10.1% of the Rapid River township (Kalkaska County) population
- 0.0% of houses and apartments in Rapid River township (Kalkaska County), 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.