Rapid River, MI—49878
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$196,000
2.1% YoY Growth
Household Income
$63,800
23.0% YoY Growth
Days on Market
64
13.0% Shorter YoY
Home Price Forecast
5.6%
Median Rent
$785
N/A
1-Bed Rent
$785
N/A
2-Bed Rent
N/A
N/A
3-Bed Rent
N/A
N/A
Other Zip Codes in Rapid River, MI
Home Price Trends — Rapid River, MI
As of Nov '25, the median home price in Rapid River, MI is $196,000, with a year-over-year change of 2.1%. This indicates that home prices in Rapid River, MI are increasing. According to Zillow, the 1-year price projection is 5.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $196,000 | 2.1% |
| Single Family | $196,000 | 2.6% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |