Zip 49629 (Elk Rapids, MI) Housing

The housing market in 49629 Elk Rapids, MI is strong and shows promising growth. The median value of a house in this area is $429,800, which is substantially higher than the US House Median Value of $338,100. This market has also seen a year-over-year appreciation rate of 15.49%, which is significantly higher than the US 1 year House Appreciation rate of 8.27%. This demonstrates that Elk Rapids is an attractive place to invest in real estate and that it offers a great opportunity for potential buyers and sellers alike.

The median home cost in Elk Rapids (zip 49629) is $429,800. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Elk Rapids (zip 49629) is up 19.8%.

Average Age of Homes

- The median age of Elk Rapids (zip 49629) real estate is 41 years old

The Rental Market in Elk Rapids (zip 49629)

- Renters make up 13.9% of the Elk Rapids (zip 49629) population
- 0.0% of houses and apartments in Elk Rapids (zip 49629), 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	Elk Rapids, Michigan	United States
	1,576.0	139,647,020.0
	50	42
	$429,800	$338,100
	19.8%	16.6%
	69.9%	57.0%
	122.2%	101.1%
	$11.94	$10.98
	$3,156	$2,690
	48.5%	57.4%
	39.1%	11.2%
	12.4%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.6%	0.7%
	0.3%	0.4%
	38.2%	3.6%
	0.0%	4.1%
Value of Owner-Occupied Housing
	1.7%	2.6%
	0.0%	2.4%
	0.7%	2.8%
	2.6%	3.9%
	2.4%	4.5%
	16.8%	11.3%
	7.5%	13.0%
	25.3%	20.1%
	16.5%	13.6%
	9.3%	8.3%
	11.8%	9.7%
	2.9%	3.9%
	2.7%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.3%	0.2%
	9.1%	13.6%
	9.1%	13.6%
	10.6%	13.6%
	10.9%	13.2%
	20.8%	14.8%
	10.6%	13.6%
	9.6%	10.0%
	5.4%	4.7%
	24.2%	12.2%

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