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Eaton Rapids, MI

Full City Profile · Michigan · Eaton County County

3.2 /5.0
B Good
5,197 Population 1,432/sq mi density
$63,618 Median Income $30,115 per capita
$140,600 Home Value $245,828 Zillow
$944 Median Rent 30.6% income on rent
48°F Avg Temperature 260 sunny days/yr
594 Violent Crime/100K 1,553 property/100K
B
Overall
3.2 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.2 / 5.0
$63,618 median income, 0.8% unemployment
A+
Affordability
5.0 / 5.0
$140,600 home value, $944/mo rent
F
Safety
1.0 / 5.0
594 violent crimes/100K (56% above avg)
C
Education
2.4 / 5.0
17.7% bachelor's degree or higher

Housing Overview

Median Home Value
$140,600
50% below
US avg: $281,900
Median Rent
$944/mo
19% below
US avg: $1,163/mo
Homeownership Rate
64.2%
2% below US avg (65.4%)
Total Housing Units
2,165
Median year built: 1950

Home Value by Source

Census Median
$140,600
Zillow (ZHVI)
$245,828
Median Sale Price
$250,000
Median List Price
$185,000
Census ACS, Zillow ZHVI, Redfin median sale price

Ownership vs. Renting

64.2%
Owner-Occupied
35.8%
Renter-Occupied
64%
36%
US avg: 65.4% owner-occupied

Fair Market Rents (HUD FY2026)

Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent: $944/mo

Market Indicators (Redfin)

Median Days on Market
88 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
5
Price Drops
38.5%
of listings with price reduction
Price Per Sq Ft
$113
Active Inventory
13
homes for sale

Affordability & Housing Stock

Rent Burden
30.6%
of renters spending 30%+ of income on housing
1% below US avg (31.0%)
Median Year Built
1950
Average age of housing stock: 76 years
Homeownership Rate
64.2%

Complete Housing Data

Home Values

Census Median Value$140,600
Zillow Home Value (ZHVI)$245,828
Median Sale Price$250,000
Median List Price$185,000
Price Per Sq Ft$113

Rent

Census Median Rent$944
FMR Studio$807
FMR 1-Bedroom$891
FMR 2-Bedroom$1,113
FMR 3-Bedroom$1,419
FMR 4-Bedroom$1,588

Market

Days on Market88
Sale-to-List Ratio0.9%
Price Drops38.5%
Homes Sold5
Active Inventory13
Price Per Sq Ft$113

Ownership & Stock

Owner-Occupied64.2%
Renter-Occupied35.8%
Homeownership Rate64.2%
Total Housing Units2,165
Median Year Built1950
Rent Burden30.6%