Zip 49878 (Rapid River, MI) Housing

The housing market in 49878 Rapid River, MI is performing very well. The median value for homes in this area is $143,300, which is much lower than the US median value of $338,100. Furthermore, the 1-year house appreciation rate in 49878 Rapid River, MI has been 12.90%, which is higher than the US 1-year house appreciation rate of 8.27%. This suggests that homes in this area are increasing in value quickly and that it may be a great time to invest in real estate here.

The median home cost in Rapid River (zip 49878) is $143,300. Home appreciation the last 10 years has been 71.4%. Home Appreciation in Rapid River (zip 49878) is up 23.1%.

Average Age of Homes

- The median age of Rapid River (zip 49878) real estate is 45 years old

The Rental Market in Rapid River (zip 49878)

- Renters make up 6.9% of the Rapid River (zip 49878) population
- 0.0% of houses and apartments in Rapid River (zip 49878), 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	Rapid River, Michigan	United States
	2,737.0	139,647,020.0
	48	42
	$143,300	$338,100
	23.1%	16.6%
	60.1%	57.0%
	71.4%	101.1%
	$10.57	$10.98
	$1,475	$2,690
	49.0%	57.4%
	46.4%	11.2%
	4.6%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	1.0%	0.7%
	0.0%	0.4%
	38.8%	3.6%
	6.7%	4.1%
Value of Owner-Occupied Housing
	2.4%	2.6%
	2.6%	2.4%
	7.8%	2.8%
	11.6%	3.9%
	9.1%	4.5%
	20.7%	11.3%
	22.7%	13.0%
	13.9%	20.1%
	6.5%	13.6%
	1.8%	8.3%
	0.4%	9.7%
	0.1%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.4%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	10.6%	13.6%
	10.6%	13.6%
	13.2%	13.6%
	12.2%	13.2%
	16.1%	14.8%
	13.2%	13.6%
	15.9%	10.0%
	5.2%	4.7%
	13.8%	12.2%

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