The median home in Rapid City, Michigan is valued at $351,688, down 1.0% year over year. Rapid City is part of the Traverse City, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.

Home Value$351,688

-1.0%

Prices falling — better for buyers.

Affordability

Enter your income for Rapid City.

Income (annual)

Down Payment

$70,338 on $351,688

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

Out of reach37.8% of income

Need $101,271/yr to afford.

PITI$2,363

P/I37.8%

Afford$260K

Gap-$91K

P&I $1,778Tax $451Ins $133

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

Home Buying Kit For Dummies (2025)Financing, negotiation, closing

Other cities in Michigan

Compare Rapid City with other housing markets across Michigan.

Lake Angelus$1.66M Leland$1.1M Orchard Lake$914K Franklin$845K Lake Leelanau$832K Kewadin$811K Lakeside$800K Northport$758K

Full Traverse City, MI analysis

Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Traverse City, MI metro.

View Traverse City, MI metro

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Rapid City, MI