The median home in Elk Rapids, Michigan is valued at $479,469, up 5.2% year over year.

Home Value$479,469

+5.2%

Prices rising — worse for buyers.

Affordability

Enter your income for Elk Rapids.

Income (annual)

Down Payment

$95,894 on $479,469

Example: $75,000 household income. Change it above to see your own.

Out of reach50.8% of income

Need $135,986/yr to afford.

PITI$3,173

P/I50.8%

Afford$264K

Gap-$215K

P&I $2,424Tax $615Ins $133

6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.

Other cities in Michigan

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Elk Rapids, MI