House Prices

House Prices & Home Values Elk Rapids, MI 2026


Average Data

average house price$311,916
average size per house1928 ft²
average price per ft²162 $ / ft²

06/09/2026 - The value range (VR) for house prices in Elk Rapids, MI is $151/ sqft to $151/ sqft. An average home with 1928 sqft costs approximately $291,128 to $291,128. Elk Rapids, MI includes 1 ZIP codes and it is located in Antrim county. The lowest prices are found in ZIP 49629, while the highest are in ZIP 49629. The average price per sqare feet is $162. Our analysis is based on 26 property listings.

Avergage prices by ZIP codes Elk Rapids

49629164 $ / ft²




Historical development of home values in Elk Rapids

Year Estimated value (USD) Change vs. 2025
2010 $144,859 -53.6%
2011 $139,258 -55.4%
2012 $138,883 -55.5%
2013 $144,074 -53.8%
2014 $151,238 -51.5%
2015 $159,000 -49.0%
2016 $167,298 -46.4%
2017 $176,327 -43.5%
2018 $186,076 -40.3%
2019 $194,704 -37.6%
2020 $204,769 -34.4%
2021 $232,903 -25.3%
2022 $271,512 -13.0%
2023 $286,322 -8.2%
2024 $302,886 -2.9%
2025 $311,916 0.0%

Graph: estimated home values in Elk Rapids over time (USD)



Example: 100% financing house in Elk Rapids

Loan amount: $311,916

Interest rate: 6.00%

Fixed monthly payment: $1,870.09

Breakdown in the 1st month:
Interest portion: $1,559.58  –  Principal portion: $310.51

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $18,610.76 $3,830.37 $308,085.63
2 $18,374.51 $4,066.61 $304,019.02
3 $18,123.69 $4,317.43 $299,701.59
4 $17,857.40 $4,583.72 $295,117.86
5 $17,574.69 $4,866.44 $290,251.43
6 $17,274.54 $5,166.59 $285,084.84
7 $16,955.88 $5,485.25 $279,599.59
8 $16,617.56 $5,823.57 $273,776.02
9 $16,258.37 $6,182.76 $267,593.26
10 $15,877.03 $6,564.09 $261,029.17
11 $15,472.17 $6,968.95 $254,060.21
12 $15,042.34 $7,398.78 $246,661.43
13 $14,586.00 $7,855.12 $238,806.30
14 $14,101.52 $8,339.61 $230,466.69
15 $13,587.15 $8,853.98 $221,612.71
16 $13,041.05 $9,400.07 $212,212.64
17 $12,461.28 $9,979.85 $202,232.79
18 $11,845.74 $10,595.39 $191,637.40
19 $11,192.24 $11,248.89 $180,388.52
20 $10,498.44 $11,942.69 $168,445.83
21 $9,761.84 $12,679.29 $155,766.53
22 $8,979.81 $13,461.32 $142,305.21
23 $8,149.54 $14,291.59 $128,013.63
24 $7,268.07 $15,173.06 $112,840.56
25 $6,332.23 $16,108.90 $96,731.66
26 $5,338.66 $17,102.46 $79,629.20
27 $4,283.82 $18,157.31 $61,471.89
28 $3,163.92 $19,277.21 $42,194.68
29 $1,974.94 $20,466.19 $21,728.50
30 $712.63 $21,728.50 $0.00

Note: The calculation is based on a standard annuity mortgage with a fixed monthly payment over the entire term. Extra payments, interest rate changes, and additional purchase costs (e.g. taxes, notary fees) are not included.


How to sell in Elk Rapids, MI


1500 sqft3900 sqft
Ø selling price$294,030$625,482
Ø fast selling$267,300$562,934
Ø high price sale$320,760$688,031

In 2026, houses in Elk Rapids, MI will be offered at an average price of $162 per square foot. A 1,500 sqft home priced at $294,030 is 24.98% more expensive per square foot than a 3,900 sqft home priced at $625,482. Home prices in Elk Rapids, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $433,027. Sellers who can wait longer may achieve a higher price of up to $529,255.

FAQ – Home Values in Elk Rapids

What is the median home value in Elk Rapids in 2026?

In 2026, the typical home value in Elk Rapids is about $311,916 for an average home size of 1928 square feet. This corresponds to an average price of roughly $162 per square foot.

What is the average cost per square foot in Elk Rapids?

In 2026, homes in Elk Rapids sell for an average of around $162 per square foot, with a typical range between $151 and $151 per square foot, depending on the property’s location, condition, and lot size.

What is the average home size in ?

The average home size in Elk Rapids is about 1928 square feet, with an estimated 2026 value around $311,916.



Locations close to Elk Rapids, MI

Empire, MI50 $ / ft²
Evart, MI63 $ / ft²
Falmouth, MI146 $ / ft²
Elberta, MI383 $ / ft²
Eastport, MI146 $ / ft²
Eastlake, MI69 $ / ft²
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