Eaton Rapids, MI 48827 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Eaton Rapids, MI—48827

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$245,000

4.0% YoY Growth

Household Income

$76,200

22.1% YoY Growth

Days on Market

17.0% Shorter YoY

Home Price Forecast

2.2%

Median Rent

$850

27.4% YoY Growth

1-Bed Rent

$850

42.3% YoY Growth

2-Bed Rent

N/A

3-Bed Rent

$1,800

14.3% YoY Growth

Home Price Trends — Eaton Rapids, MI

As of Dec '25, the median home price in Eaton Rapids, MI is $245,000, with a year-over-year change of 4.0%. This indicates that home prices in Eaton Rapids, MI are increasing. According to Zillow, the 1-year price projection is 2.2%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$245,000	4.0%
Single Family	$246,000	4.2%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Eaton Rapids, MI

As of July '25, Rentcast reports the average rent in Eaton Rapids, MI is $1,060, with a year-over-year rent change of -27.4%. Per bedroom, the median rent as of July '25 in Eaton Rapids, MI is studios: $750, 1-bedrooms: $925, 3-bedrooms: $1,800. The most common rental property sizes in Eaton Rapids, MI are 2-bedroom and 1-bedroom, accounting for 33.8% and 31.4% of the rental stock.

Type	Median Rent	Average Rent
Average Rent	$850	$1,060
Studio Rent	$750	$750
1 Bed Rent	$850	$925
2 Bed Rent	N/A	N/A
3 Bed Rent	$1,800	$1,800
4 Bed Rent	N/A	N/A

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% of Rental Stock

Studio

2.2%

1 Bedroom

31.4%

2 Bedrooms

33.8%

3 Bedrooms

25.1%

4 Bedrooms

6.3%

5+ Bedrooms

1.2%

Property Listings — Eaton Rapids, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Eaton Rapids, MI is 44. This is a decrease of -32.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 16.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$263,000	12.0%
Listing Count	35	-4.0%
Listings as % of Homes	0.6%	-4.0%
Days on Market	62	-17.0%

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Demographics — Eaton Rapids, MI

As of the latest ACS Survey released in 2023, Eaton Rapids, MI has a population of 16,100, which has remained stable by 0.7% over the past 5 years. Eaton Rapids, MI is a moderately popular place for families, as children make up 23.5% of the population. The area has a poorly educated workforce, with 21.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 13.5% reporting working from home.

Metric	Latest Census	YoY % Change
Population	16,100	0.7%
% Under 18	23.5%	7.8%
% Seniors	18.7%	6.2%
% WFH	13.5%	365.5%
% w/ College Degree	21.9%	25.9%

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As of the latest ACS Survey released in 2023, Eaton Rapids, MI is a predominantly white area, with 90.2% of the population identifying as white. The white population has shrunk by 3.7% in the last 5 years. The second most common race or ethnicity in Eaton Rapids, MI is hispanic, making up 5.3% of the population. Foreign-born residents account for 1.5% of the population in Eaton Rapids, MI, and this percentage has decreased by 25.0% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.

Race and Ethnicity

Metric	Latest Census	5-Year % Change
% White	90.2%	-3.7%
% Black	0.4%	-73.3%
% Hispanic	5.3%	71.0%
% Asian	0.5%	-37.5%
% Foreign Born	1.5%	-25.0%

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Mortgage and Risk — Eaton Rapids, MI

According to HUD data as of 2023, there were 256 mortgage originations in Eaton Rapids, MI, of which 74.0% of loans were conventional mortgages. The average loan-to-value was 68.0%, with 33.0% above 90% LTV (very high). This implies large mortgage risk in Eaton Rapids, MI. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	256
% Conventional Loans	74.0%
% Government Loans	26.0%
% Investor Loans	2.0%
% Second Loans	0.0%
% Cash Out Refinance	13.0%

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Rentals and Section 8 — Eaton Rapids, MI

Eaton Rapids, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	94
Total Units Section 8	94
% Rentals under Section 8	8.1%
% Occupied Section 8	93.2%

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	$30	$850	$880
2 Bedroom	N/A	N/A	$1,090
3 Bedroom	-$380	$1,800	$1,420
4 Bedroom	N/A	N/A	$1,460

Eaton Rapids, MI—48827

Key Metrics at a Glance

Home Price Trends — Eaton Rapids, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Eaton Rapids, MI

% of Rental Stock

Property Listings — Eaton Rapids, MI

Demographics — Eaton Rapids, MI

Race and Ethnicity

Mortgage and Risk — Eaton Rapids, MI

Mortgages

Rentals and Section 8 — Eaton Rapids, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Eaton Rapids, MI

Home Price to Income Ratio

Eaton Rapids, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Springport, MI

Onondaga, MI

Dimondale, MI

Potterville, MI

Holt, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	2.8
Median Home Price	$245,000
Median Household Income	$76,200

Eaton Rapids, MI—48827

Key Metrics at a Glance

Home Price Trends — Eaton Rapids, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Eaton Rapids, MI

% of Rental Stock

Property Listings — Eaton Rapids, MI

Demographics — Eaton Rapids, MI

Race and Ethnicity

Mortgage and Risk — Eaton Rapids, MI

Mortgages

Rentals and Section 8 — Eaton Rapids, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Eaton Rapids, MI

Home Price to Income Ratio

Eaton Rapids, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Springport, MI

Onondaga, MI

Dimondale, MI

Potterville, MI

Holt, MI

Frequently Asked Questions

What is the average home price in Eaton Rapids, MI 48827?

How have home prices in Eaton Rapids, MI 48827 changed over the past year?

What is the home price projection for Eaton Rapids, MI 48827?

What are the demographics of Eaton Rapids, MI 48827?

How long does it take homes to sell in Eaton Rapids, MI 48827?

What is the average rent price in Eaton Rapids, MI 48827?