The median home value in Elk Rapids, MI is $640,000. This is higher than the county median home value of $155,000. The national median home value is $219,700. The average price of homes sold in Elk Rapids, MI is $640,000. Approximately 48.62% of Elk Rapids homes are owned, compared to 16.53% rented, while 34.85% are vacant. Elk Rapids real estate listings include condos, townhomes, and single family homes for sale. Commercial properties are also available. If you see a property you’re interested in, contact a Elk Rapids real estate agent to arrange a tour today!
Elk Rapids, Michigan has a population of 1,611. Elk Rapids is less family-centric than the surrounding county with 19.25% of the households containing married families with children. The county average for households married with children is 23.35%.
The median household income in Elk Rapids, Michigan is $49,891. The median household income for the surrounding county is $50,988 compared to the national median of $57,652. The median age of people living in Elk Rapids is 56.8 years.
The average high temperature in July is 79.6 degrees, with an average low temperature in January of 13.1 degrees. The average rainfall is approximately 32.7 inches per year, with 123.3 inches of snow per year.