Median home value: $479K (+5.2% YoY).
Limited Data
Basic Zillow data only. For stress scores, AI analysis, and trends, explore tracked metros.
Home Value$479,469
+5.2%
AFFORDABILITY6.00% 30yr, 20% down, county tax + MI ins. 28% per HUD.
Enter your income for Elk Rapids.
$95,894 on $479,469
Out of reach — 48.8% of income
Need $130,629/yr to afford.
PITI$3,048
P/I48.8%
Afford$275K
Gap-$204K
P&I $2,300Tax $615Ins $133
Home Buying Kit For Dummies (2025)Financing, negotiation, closing