The median home in Elk Rapids, Michigan is valued at $479,469, up 5.2% year over year.
Home Value$479,469
+5.2%
AFFORDABILITY6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.
Enter your income for Elk Rapids.
$95,894 on $479,469
Out of reach — 50.8% of income
Need $135,986/yr to afford.
PITI$3,173
P/I50.8%
Afford$264K
Gap-$215K
P&I $2,424Tax $615Ins $133
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in Michigan
Compare Elk Rapids with other housing markets across Michigan.