Rapid City, MI 49676 - Home Prices, Rental Trends, Listings & Demographics | Prop:Metrics

Rapid City, MI—49676

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value

$375,000

1.4% YoY Growth

Household Income

$67,500

23.2% YoY Growth

Days on Market

2.0% Shorter YoY

Home Price Forecast

4.0%

Median Rent

$950

N/A

1-Bed Rent

N/A

2-Bed Rent

$975

N/A

3-Bed Rent

N/A

Home Price Trends — Rapid City, MI

As of Dec '25, the median home price in Rapid City, MI is $375,000, with a year-over-year change of -1.4%. This indicates that home prices in Rapid City, MI are decreasing. According to Zillow, the 1-year price projection is 4.0%, suggesting an increase housing market in the next year.

Cost per Home Type

Home Type	Median Home Value	YoY % Change
All Homes	$375,000	-1.4%
Single Family	$376,000	-1.6%
Condos	N/A	N/A

Cost per Home Size

Home Size	Median Home Value	YoY % Change
1 Bed

Rental Trends — Rapid City, MI

Rapid City, MI lacks sufficient rental market data for analysis.

Type	Median Rent	Average Rent
Average Rent	$950	$958
Studio Rent	$950	$950
1 Bed Rent	N/A	N/A
2 Bed Rent	$975	$975
3 Bed Rent	N/A	N/A
4 Bed Rent	N/A	N/A

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% of Rental Stock

1 Bedroom

4.7%

2 Bedrooms

51.3%

3 Bedrooms

35.3%

4 Bedrooms

8.7%

Property Listings — Rapid City, MI

As of Dec '25, Realtor.com reports that the median days on market for a home in Rapid City, MI is 71. This is a decrease of -19.0% 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 19.0%, representing a small inventory and little supply pressure on home prices.

Metric	Zip Code Average	Year over Year % Change
Median Listing Price	$639,000	-23.0%
Listing Count	20	18.0%
Listings as % of Homes	0.6%	18.0%
Days on Market	92	-2.0%

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Demographics — Rapid City, MI

As of the latest ACS Survey released in 2023, Rapid City, MI has a population of 3,690, which has increased by 4.1% over the past 5 years. Rapid City, MI is a moderately popular place for families, as children make up 22.3% of the population. The area has a moderately educated workforce, with 31.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.6% reporting working from home.

Metric	Latest Census	YoY % Change
Population	3,690	4.1%
% Under 18	22.3%	21.2%
% Seniors	30.0%	40.2%
% WFH	10.6%	37.7%
% w/ College Degree	31.2%	24.3%

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As of the latest ACS Survey released in 2023, Rapid City, MI is a predominantly white area, with 90.6% of the population identifying as white. The white population has shrunk by 1.2% in the last 5 years. The second most common race or ethnicity in Rapid City, MI is hispanic, making up 2.9% of the population. Foreign-born residents account for 0.8% of the population in Rapid City, MI, and this percentage has decreased by 55.6% 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	90.6%	-1.2%
% Black	0.0%	-100.0%
% Hispanic	2.9%	-6.5%
% Asian	0.0%	-100.0%
% Foreign Born	0.8%	-55.6%

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Mortgage and Risk — Rapid City, MI

According to HUD data as of 2023, there were 85 mortgage originations in Rapid City, MI, of which 85.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Rapid City, MI. Investor activity is low, as 1.0% of loans were by investors. 15.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.

Mortgages

Metric	Zip Code Average
Total Loan Originations	85
% Conventional Loans	85.0%
% Government Loans	15.0%
% Investor Loans	1.0%
% Second Loans	22.0%
% Cash Out Refinance	15.0%

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Rentals and Section 8 — Rapid City, MI

Rapid City, MI lacks sufficient Section 8 program data for analysis.

Section 8 Market Size

Total Units under HUD	1
Total Units Section 8	1
% Rentals under Section 8	N/A
% Occupied Section 8	N/A

Section 8 Opportunity

Home Size	HUD Premium	Market Rent	Max HUD Rent
1 Bedroom	N/A	N/A	$790
2 Bedroom	$45	$975	$1,020
3 Bedroom	N/A	N/A	$1,320
4 Bedroom	N/A	N/A	$1,420

Rapid City, MI—49676

Key Metrics at a Glance

Home Price Trends — Rapid City, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rapid City, MI

% of Rental Stock

Property Listings — Rapid City, MI

Demographics — Rapid City, MI

Race and Ethnicity

Mortgage and Risk — Rapid City, MI

Mortgages

Rentals and Section 8 — Rapid City, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Rapid City, MI

Home Price to Income Ratio

Rapid City, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Alden, MI

Williamsburg, MI

South Boardman, MI

Traverse City, MI

Traverse City, MI

Frequently Asked Questions

Metric	Zip Code Average
Home Price to Income Ratio	5
Median Home Price	$375,000
Median Household Income	$67,500

Rapid City, MI—49676

Key Metrics at a Glance

Home Price Trends — Rapid City, MI

Cost per Home Type

Cost per Home Size

% of Housing Stock

Rental Trends — Rapid City, MI

% of Rental Stock

Property Listings — Rapid City, MI

Demographics — Rapid City, MI

Race and Ethnicity

Mortgage and Risk — Rapid City, MI

Mortgages

Rentals and Section 8 — Rapid City, MI

Section 8 Market Size

Section 8 Opportunity

Affordability — Rapid City, MI

Home Price to Income Ratio

Rapid City, MI — ZIP Code Boundary Map

Nearby ZIP Codes

Alden, MI

Williamsburg, MI

South Boardman, MI

Traverse City, MI

Traverse City, MI

Frequently Asked Questions

What is the average home price in Rapid City, MI 49676?

How have home prices in Rapid City, MI 49676 changed over the past year?

What is the home price projection for Rapid City, MI 49676?

What are the demographics of Rapid City, MI 49676?

How long does it take homes to sell in Rapid City, MI 49676?

What is the average rent price in Rapid City, MI 49676?