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  4. /Eaton Rapids, MI - 48827

Eaton Rapids, MI—48827

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$260,000
4.1% YoY Growth
Household Income
$76,200
22.1% YoY Growth
Days on Market
17
20.0% Shorter YoY
Home Price Forecast
1.6%
Median Rent
$850
27.4% YoY Growth
1-Bed Rent
$850
42.3% YoY Growth
2-Bed Rent
N/A
N/A
3-Bed Rent
$1,800
14.3% YoY Growth
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Eaton Rapids, MI

As of May '26, the median home price in Eaton Rapids, MI is $260,000, with a year-over-year change of 4.1%. This indicates that home prices in Eaton Rapids, MI are increasing. According to Zillow, the 1-year price projection is 1.6%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$260,0004.1%
Single Family $260,0004.0%
Condos N/AN/A

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed

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  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$182,0002.2%
    3 Bed
    		$259,0002.4%
    4 Bed
    		$309,0002.0%
    5 Bed $351,3813.3%
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    % of Housing Stock

    Studio
    0.3%
    1 Bedroom
    6.8%
    2 Bedrooms
    17.5%
    3 Bedrooms
    50.1%
    4 Bedrooms
    19.9%
    5+ Bedrooms
    5.3%

    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.

    TypeMedian RentAverage Rent
    Average Rent$850$1,060
    Studio Rent $750$750
    1 Bed Rent $850$925
    2 Bed Rent N/AN/A
    3 Bed Rent $1,800$1,800
    4 Bed Rent N/AN/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 May '26, Realtor.com reports that the median days on market for a home in Eaton Rapids, MI is 17. This is a decrease of -20.0% 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 10.0%, representing a small inventory and little supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$294,000-19.0%
    Listing Count
    		40-22.0%
    Listings as % of Homes0.6%-22.0%
    Days on Market
    		17-20.0%
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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.

    MetricLatest CensusYoY % Change
    Population
    		16,1000.7%
    % Under 18
    		23.5%7.8%
    % Seniors
    		18.7%6.2%
    % WFH
    		13.5%365.5%
    % w/ College Degree
    		21.9%25.9%
    Loading chart...

    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

    MetricLatest Census5-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

    MetricZip 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 SizeHUD PremiumMarket RentMax HUD Rent
    1 Bedroom$30$850$880
    2 BedroomN/AN/A$1,090
    3 Bedroom-$380$1,800$1,420
    4 BedroomN/AN/A$1,460

    Affordability — Eaton Rapids, MI

    Home Price to Income Ratio

    MetricZip Code Average
    Home Price to Income Ratio2.9
    Median Home Price$260,000
    Median Household Income$76,200

    Eaton Rapids, MI — ZIP Code Boundary Map

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    Frequently Asked Questions