Big Rapids Metro Area, MI Housing

The housing market in Big Rapids, MI Metro Area is on the rise. The median value for a house is $177,200, which is substantially lower than the US median value of $338,100. Over the past year, the appreciation rate for houses in this area has been 12.90%, much higher than the national average of 8.27%. With such a high appreciation rate for homes in this area, it's clear that this is a great place to invest in real estate and would be a good choice for anyone looking to purchase or rent a home.

The median home cost in Big Rapids Metro Area is $177,200. Home appreciation the last 10 years has been 120.9%. Home Appreciation in Big Rapids Metro Area is up 16.2%.

Average Age of Homes

- The median age of Big Rapids Metro Area real estate is 37 years old

The Rental Market in Big Rapids Metro Area

- Renters make up 19.3% of the Big Rapids Metro Area population
- 1.3% of houses and apartments in Big Rapids Metro Area, 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

Housing	Big Rapids, Michigan	United States
	20,888.0	139,647,020.0
	40	42
	$177,200	$338,100
	16.2%	16.6%
	62.1%	57.0%
	120.9%	101.1%
	$11.23	$10.98
	$1,475	$2,690
	56.9%	57.4%
	24.4%	11.2%
	18.7%	31.4%
Vacant Housing
	1.3%	1.9%
	0.8%	0.4%
	0.5%	0.7%
	0.2%	0.4%
	18.8%	3.6%
	2.7%	4.1%
Value of Owner-Occupied Housing
	4.5%	2.6%
	4.3%	2.4%
	6.2%	2.8%
	10.3%	3.9%
	10.4%	4.5%
	21.5%	11.3%
	18.6%	13.0%
	16.1%	20.1%
	4.5%	13.6%
	1.7%	8.3%
	1.5%	9.7%
	0.1%	3.9%
	0.2%	2.2%
	0.1%	0.8%
	0.1%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	11.5%	13.6%
	11.5%	13.6%
	18.7%	13.6%
	17.1%	13.2%
	17.3%	14.8%
	18.7%	13.6%
	7.4%	10.0%
	3.6%	4.7%
	10.4%	12.2%

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