House Prices

House Prices & Home Values Rapid City, MI 2026


Average Data

average house price$245,372
average size per house1696 ft²
average price per ft²145 $ / ft²

04/15/2026 - The value range (VR) for house prices in Rapid City, MI is $160/ sqft to $160/ sqft. An average home with 1696 sqft costs approximately $271,360 to $271,360. Rapid City, MI includes 1 ZIP codes and it is located in Kalkaska county. The lowest prices are found in ZIP 49676, while the highest are in ZIP 49676. The average price per sqare feet is $145. Our analysis is based on 7 property listings.

Avergage prices by ZIP codes Rapid City

49676147 $ / ft²




Historical development of home values in Rapid City

Year Estimated value (USD) Change vs. 2025
2010 $113,955 -53.6%
2011 $109,549 -55.4%
2012 $109,254 -55.5%
2013 $113,337 -53.8%
2014 $118,973 -51.5%
2015 $125,079 -49.0%
2016 $131,606 -46.4%
2017 $138,710 -43.5%
2018 $146,378 -40.3%
2019 $153,166 -37.6%
2020 $161,084 -34.4%
2021 $183,215 -25.3%
2022 $213,588 -13.0%
2023 $225,238 -8.2%
2024 $238,269 -2.9%
2025 $245,372 0.0%

Graph: estimated home values in Rapid City over time (USD)



Example: 100% financing house in Rapid City

Loan amount: $245,372

Interest rate: 6.00%

Fixed monthly payment: $1,471.13

Breakdown in the 1st month:
Interest portion: $1,226.86  –  Principal portion: $244.27

Yearly breakdown (100% financing)

Year Interest per year ($) Principal per year ($) Remaining balance at year-end ($)
1 $14,640.35 $3,013.20 $242,358.80
2 $14,454.51 $3,199.04 $239,159.76
3 $14,257.20 $3,396.35 $235,763.40
4 $14,047.72 $3,605.83 $232,157.57
5 $13,825.32 $3,828.23 $228,329.34
6 $13,589.20 $4,064.35 $224,264.99
7 $13,338.52 $4,315.03 $219,949.95
8 $13,072.38 $4,581.17 $215,368.78
9 $12,789.82 $4,863.73 $210,505.05
10 $12,489.84 $5,163.71 $205,341.34
11 $12,171.35 $5,482.20 $199,859.14
12 $11,833.22 $5,820.33 $194,038.81
13 $11,474.23 $6,179.32 $187,859.49
14 $11,093.11 $6,560.44 $181,299.05
15 $10,688.47 $6,965.08 $174,333.97
16 $10,258.88 $7,394.67 $166,939.30
17 $9,802.80 $7,850.75 $159,088.55
18 $9,318.58 $8,334.97 $150,753.58
19 $8,804.50 $8,849.05 $141,904.52
20 $8,258.70 $9,394.84 $132,509.68
21 $7,679.25 $9,974.30 $122,535.38
22 $7,064.06 $10,589.49 $111,945.89
23 $6,410.92 $11,242.63 $100,703.26
24 $5,717.50 $11,936.05 $88,767.22
25 $4,981.31 $12,672.24 $76,094.98
26 $4,199.72 $13,453.83 $62,641.15
27 $3,369.91 $14,283.64 $48,357.51
28 $2,488.93 $15,164.62 $33,192.89
29 $1,553.61 $16,099.94 $17,092.95
30 $560.60 $17,092.95 $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 Rapid City, MI


1500 sqft3900 sqft
Ø selling price$263,176$559,845
Ø fast selling$239,251$503,861
Ø high price sale$287,100$615,830

In 2026, houses in Rapid City, MI will be offered at an average price of $145 per square foot. A 1,500 sqft home priced at $263,176 is 21.11% more expensive per square foot than a 3,900 sqft home priced at $559,845. Home prices in Rapid City, MI vary significantly depending on the neighborhood and location. For a quick sale, a 2,700 sqft home should be listed at around $387,586. Sellers who can wait longer may achieve a higher price of up to $473,716.


Discover Rapid City, MI

Tucked between Torch Lake and Lake Skegemog in northern Michigan, Rapid City, MI is a laid-back base for four-season outdoor adventure.

This unincorporated community in Kalkaska County sits about 25?30 minutes from Traverse City, making it an easy day trip or weekend escape.

Outdoor Recreation

Boaters and paddlers love quick access to the Torch River and the famed Caribbean-blue waters of Torch Lake.

Hikers and birders can explore nearby Sand Lakes Quiet Area and the Skegemog Lake Wildlife Area for quiet trails, wildlife, and fall color.

Year-Round Activities

Summer brings swimming, fishing, and lakeside picnics, while winter delivers snowmobiling, cross-country skiing, and ice fishing on area lakes.
Spring wildflowers and crisp autumn foliage make scenic drives around the Chain of Lakes especially photogenic.

Local Vibe and Amenities

In town you?ll find casual eateries, markets, and marinas supporting a friendly, small-town vibe.

Cabins, cottages, and vacation rentals near the water make Rapid City, MI a convenient hub for families and anglers.

Travel Tips

Plan your visit around holiday weekends for events in nearby Elk Rapids, Bellaire, and Traverse City, but book lodging early in peak summer.

Whether you?re chasing crystal-clear water, quiet trails, or a relaxing getaway, Rapid City, Michigan delivers an authentic Up North experience.



FAQ – Home Values in Rapid City

What is the median home value in Rapid City in 2026?

In 2026, the typical home value in Rapid City is about $245,372 for an average home size of 1696 square feet. This corresponds to an average price of roughly $145 per square foot.

What is the average cost per square foot in Rapid City?

In 2026, homes in Rapid City sell for an average of around $145 per square foot, with a typical range between $160 and $160 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 Rapid City is about 1696 square feet, with an estimated 2026 value around $245,372.



Locations close to Rapid City, MI

Reed City, MI77 $ / ft²
Sears, MI93 $ / ft²
South Boardman, MI151 $ / ft²
Onekama, MI168 $ / ft²
Omena, MI287 $ / ft²
Northport, MI290 $ / ft²




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