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Rapid City, MI
Full City Profile · Michigan · Kalkaska County County
3.3
/5.0
B
Good
1,315
Population
243/sq mi density
$65,438
Median Income
$31,757 per capita
$212,500
Home Value
$352,531 Zillow
$987
Median Rent
37.2% income on rent
43°F
Avg Temperature
270 sunny days/yr
B
Overall
3.3 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.8 / 5.0
$65,438 median income, 4.0% unemployment
A+
Affordability
4.9 / 5.0
$212,500 home value, $987/mo rent
C+
Safety
2.5 / 5.0
0 violent crimes/100K
C
Education
2.0 / 5.0
13.0% bachelor's degree or higher
Housing Overview
Median Home Value
$212,500
25% below
US avg: $281,900
Median Rent
$987/mo
15% below
US avg: $1,163/mo
Homeownership Rate
86.3%
32% above US avg (65.4%)
Total Housing Units
883
Median year built: 1981
Home Value by Source
Census Median
$212,500
Zillow (ZHVI)
$352,531
Median Sale Price
$74,000
Median List Price
$214,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
86.3%
Owner-Occupied
13.7%
Renter-Occupied
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:
$987/mo
Market Indicators (Redfin)
Median Days on Market
90 days
Sale-to-List Ratio
0.9%
Buyers market
Homes Sold
1
Price Drops
0.0%
of listings with price reduction
Price Per Sq Ft
$102
Active Inventory
6
homes for sale
Affordability & Housing Stock
Rent Burden
37.2%
of renters spending 30%+ of income on housing
20% above US avg (31.0%)
Median Year Built
1981
Average age of housing stock: 45 years
Homeownership Rate
86.3%
Complete Housing Data
Home Values
| Census Median Value | $212,500 |
| Zillow Home Value (ZHVI) | $352,531 |
| Median Sale Price | $74,000 |
| Median List Price | $214,900 |
| Price Per Sq Ft | $102 |
Rent
| Census Median Rent | $987 |
| 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 Market | 90 |
| Sale-to-List Ratio | 0.9% |
| Price Drops | 0.0% |
| Homes Sold | 1 |
| Active Inventory | 6 |
| Price Per Sq Ft | $102 |
Ownership & Stock
| Owner-Occupied | 86.3% |
| Renter-Occupied | 13.7% |
| Homeownership Rate | 86.3% |
| Total Housing Units | 883 |
| Median Year Built | 1981 |
| Rent Burden | 37.2% |