The median home value in Rapid River, MI is $184,000. This is higher than the county median home value of $131,500. The national median home value is $338,100. The average price of homes sold in Rapid River, MI is $184,000. Approximately 48.96% of Rapid River homes are owned, compared to 4.64% rented, while 46.4% are vacant. Rapid River 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 Rapid River real estate agent to arrange a tour today!
Rapid River, Michigan has a population of 3,499. Rapid River is less family-centric than the surrounding county with 21.77% of the households containing married families with children. The county average for households married with children is 23.81%.
The median household income in Rapid River, Michigan is $57,930. The median household income for the surrounding county is $51,117 compared to the national median of $69,021. The median age of people living in Rapid River is 54 years.
The average high temperature in July is 76.9 degrees, with an average low temperature in January of 8.9 degrees. The average rainfall is approximately 30.3 inches per year, with 78.1 inches of snow per year.