Rapid City, MI Housing

Rapid City, MI is a great place to live in terms of housing value. The median housing value is $294,300, which is significantly lower than the national median of $338,100. Additionally, the appreciation rate of Rapid City's housing market has been seen to be much higher than the national average over the past year. In fact, it was 15.49%, compared to 8.27%. This makes Rapid City an excellent choice for anyone looking to invest in real estate in Michigan.

The median home cost in Rapid City is $294,300. Home appreciation the last 10 years has been 122.2%. Home Appreciation in Rapid City is up 19.8%.

Average Age of Homes

- The median age of Rapid City real estate is 43 years old

The Rental Market in Rapid City

- Renters make up 12.6% of the Rapid City population
- 0.0% of houses and apartments in Rapid City, are available to rent

DID YOU KNOW

Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Rapid City, Michigan	United States
	921.0	139,647,020.0
	41	42
	$294,300	$338,100
	19.8%	16.6%
	69.9%	57.0%
	122.2%	101.1%
	$10.62	$10.98
	$1,728	$2,690
	53.1%	57.4%
	35.5%	11.2%
	11.4%	31.4%
Vacant Housing
	0.0%	1.9%
	0.0%	0.4%
	0.0%	0.7%
	0.0%	0.4%
	35.3%	3.6%
	0.2%	4.1%
Value of Owner-Occupied Housing
	2.5%	2.6%
	3.7%	2.4%
	3.5%	2.8%
	2.7%	3.9%
	8.0%	4.5%
	22.5%	11.3%
	31.3%	13.0%
	8.0%	20.1%
	7.0%	13.6%
	4.1%	8.3%
	5.9%	9.7%
	1.0%	3.9%
	0.0%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	13.1%	13.6%
	13.1%	13.6%
	16.7%	13.6%
	19.1%	13.2%
	30.1%	14.8%
	16.7%	13.6%
	6.6%	10.0%
	2.5%	4.7%
	4.2%	12.2%

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