Housing data for Elk Rapids, MI
Elk Rapids, MI has an estimated 1,624 residents and 1,297 homes (US Census Bureau, 2020–2024 American Community Survey).
It is a village in Antrim County.
24.8% of households rent.
The median gross rent is $1,056 a month.
Figures last updated on .
- Residents
- 1,624 (±217)
- Housing units
- 1,297 (±168)
- Households that rent
- 24.8%
- Median gross rent
- $1,056
- Residents since 2015–2019
- +8.7%
What stands out in Elk Rapids
Households that rent: 24.8% (±9.1 points) in Elk Rapids, higher than in Antrim County (13.6%).
Homes in buildings of 5 or more units: 15.5% (±4.7 points) in Elk Rapids, higher than in Antrim County (5.6%).
Median real estate taxes: $3,540 (±$445) in Elk Rapids, higher than in Antrim County ($2,157).
Median home value: $393,400 (±$34,393) in Elk Rapids, higher than in Antrim County ($255,500).
- Renters and owners in Elk Rapids
- Types of homes in Elk Rapids
- Property taxes in Elk Rapids
- Home values in Elk Rapids
Housing in Elk Rapids at a glance
- Median rent: $1,056 median gross rent a month
- Rent by bedrooms: $1,290 median gross rent, 2 bedrooms
- Rent burden: 31.5% of renters pay 30% or more of income (Small sample: wide margin of error)
- Renters and owners: 24.8% of households rent
- Income and affordability: $70,938 median household income
- Home values: $393,400 median home value
- Homeowner costs: $1,517 median monthly cost with a mortgage
- Property taxes: $3,540 median real estate taxes a year
- Types of homes: 15.5% of homes are in buildings of 5 or more units
- Bedrooms: 48.8% of homes have 3 or more bedrooms
- Age of homes: 60.3% of homes were built before 1980
- Vacancy rate: 1.3% rental vacancy rate (Small sample: wide margin of error)
- Heating fuel: 83.2% heat with utility gas
- Commute and cars: 18.4 minutes average trip to work
- Growth: +8.7% residents since 2015–2019
- How long people stay: 18.1% moved in since 2020
- Crowding and facilities: 0.0% of homes have more than 1 person per room (Small sample: wide margin of error)
Elk Rapids against Antrim County, its state and the nation
| Elk Rapids | Antrim County | Michigan | United States | |
|---|---|---|---|---|
| Residents | 1,624 (±217) | 24,127 (exact) | 10,077,761 (exact) | 334,922,499 |
| Housing units | 1,297 (±168) | 17,723 (±39) | 4,622,236 (±795) | 143,775,355 |
| Households that rent | 24.8% (±9.1 points) | 13.6% (±1.8 points) | 26.8% (±0.2 points) | 34.8% |
| Median gross rent | $1,056 (±$358) | $902 (±$76) | $1,129 (±$4) | $1,413 |
| Median household income | $70,938 (±$13,251) | $72,054 (±$2,793) | $72,875 (±$293) | $80,734 |
| Median home value | $393,400 (±$34,393) | $255,500 (±$11,236) | $231,600 (±$642) | $332,700 |
| Median real estate taxes (a year) | $3,540 (±$445) | $2,157 (±$124) | $2,904 (±$9) | $3,119 |
| Built before 1980 | 60.3% (±11.0 points) | 50.1% (±2.6 points) | 62.1% (±0.2 points) | 49.7% |
| Average commute | 18.4 minutes (±2.7) | 25.2 minutes (±1.3) | 24.2 minutes (±0.1) | 26.4 minutes |
| Households with broadband | 93.2% (±3.1 points) | 88.8% (±1.6 points) | 90.5% (±0.1 points) | 91.0% |
| Median age of residents | 57.7 years (±4.0) | 51.8 years (±0.3) | 40.2 years (±0.1) | 38.9 years |
Elk Rapids covers 1.7 square miles of land, about 984 residents per square mile (Census Bureau Gazetteer).
How Elk Rapids has changed since 2015–2019
| 2015–2019 | 2020–2024 | Amount of change | Verdict | |
|---|---|---|---|---|
| Residents | 1,494 (±185) | 1,624 (±217) | +8.7% | Not a measurable change |
| Housing units | 1,179 (±129) | 1,297 (±168) | +10.0% | Not a measurable change |
| Median gross rent | $827 (±$111) | $1,056 (±$358) | +27.7% | No measurable change after inflation |
| Median home value | $229,200 (±$27,702) | $393,400 (±$34,393) | +71.6% | Up after inflation |
| Median household income | $60,536 (±$10,801) | $70,938 (±$13,251) | +17.2% | No measurable change after inflation |
| Median owner cost with a mortgage | $1,509 (±$177) | $1,517 (±$144) | +0.5% | Down after inflation |
| Median real estate taxes | $3,015 (±$620) | $3,540 (±$445) | +17.4% | No measurable change after inflation |
| Households that rent | 22.9% (±6.8 points) | 24.8% (±9.1 points) | +1.9 percentage points | Not a measurable change |
| Rental vacancy rate | 0.0% (±14.1 points) | 1.3% (±2.1 points) | +1.3 percentage points | Not a measurable change |
The Census Bureau publishes 2015–2019 dollars in 2019 dollars and 2020–2024 dollars in 2024 dollars.
Prices (the CPI-U, US Bureau of Labor Statistics) rose 22.7% between 2019 and 2024, so a dollar figure’s verdict compares the two after raising the earlier one by that much, using the Census Bureau’s test for a difference.
The two periods do not overlap, as the Census Bureau recommends for 5-year estimates.
ZIP codes in Elk Rapids
| ZIP code | Share of the ZIP’s land in this place | Residents | Median gross rent | Median home value | Median household income |
|---|---|---|---|---|---|
| 49629 | 44% | 2,038 | $929 | $394,600 | $65,302 |
A ZIP code is a mail route rather than a boundary, so the Census Bureau publishes figures for ZIP Code Tabulation Areas built from census blocks; the share column says how much of each one’s land lies in this place.
Places near Elk Rapids
| Place | Distance | Median gross rent | Median home value | Households that rent |
|---|---|---|---|---|
| Milton Township (Antrim County) | 3.6 mi | $1,125 | $528,000 | 6.8% |
| Peninsula Township | 5.8 mi | $1,589 | $706,900 | 9.8% |
| Helena Township | 6.7 mi | $803 | $382,000 | 16.9% |
| Rapid City | 7.0 mi | $969 | $214,700 | 15.2% |
| Acme Township | 7.9 mi | $1,490 | $338,300 | 12.4% |
| Clearwater Township | 8.9 mi | $961 | $218,000 | 10.4% |
| Forest Home Township | 9.4 mi | $1,007 | $307,300 | 5.8% |
| Whitewater Township | 9.4 mi | — | $373,000 | 3.9% |
Places in Michigan most like Elk Rapids
| Place | Median gross rent | Median home value | Median household income | Households that rent |
|---|---|---|---|---|
| New Buffalo | $1,042 | $391,200 | $64,702 | 22.8% |
| Harbor Springs | $1,027 | $415,700 | $75,417 | 31.9% |
| South Haven | $834 | $454,100 | $68,239 | 29.3% |
| Little Traverse Township | $988 | $345,400 | $88,368 | 17.7% |
| Northview | $1,247 | $289,300 | $85,403 | 20.8% |
| Otsego Township | $1,167 | $265,000 | $74,145 | 22.5% |
Matched on rent, home value, income, the share who rent, the age of the homes, the share in apartment buildings and the commute, each measured against the spread across Michigan.
HUD Fair Market Rent for Elk Rapids, fiscal year 2027
| Studio | 1 bedroom | 2 bedrooms | 3 bedrooms | 4 bedrooms |
|---|---|---|---|---|
| $882 | $965 | $1,159 | $1,381 | $1,711 |
HUD income limits for Elk Rapids, fiscal year 2026
| Household size | Extremely low (30%) | Very low (50%) | Low (80%) |
|---|---|---|---|
| 1 person | $19,500 | $32,550 | $52,050 |
| 2 people | $22,300 | $37,200 | $59,450 |
| 3 people | $27,320 | $41,850 | $66,900 |
| 4 people | $33,000 | $46,450 | $74,300 |
| 5 people | $38,680 | $50,200 | $80,250 |
| 6 people | $44,360 | $53,900 | $86,200 |
| 7 people | $50,040 | $57,600 | $92,150 |
| 8 people | $55,720 | $61,350 | $98,100 |
These are the limits HUD sets for its housing programs in the Antrim County, MI, where HUD’s median family income for fiscal year 2026 is $92,900.
A program can use its own limits; tax-credit and local programs often do.
Elk Rapids lies inside Elk Rapids Township, whose figures include it, so it is ranked only against places like it.
Survey years: 2020–2024 (American Community Survey 5-year estimates), compared with 2015–2019.
Margins of error are at the 90% confidence level.
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Questions about Elk Rapids
What is the average rent in Elk Rapids, MI?
The Census Bureau publishes the median rather than the average: the median gross rent in Elk Rapids is $1,056 (±$358) a month (2020–2024 American Community Survey), so half of renting households pay less and half pay more.
How much is a one-bedroom apartment in Elk Rapids?
The median gross rent for a one-bedroom home in Elk Rapids, MI is $830 (±$25) a month (2020–2024 American Community Survey).
How many renters are there in Elk Rapids?
Elk Rapids has an estimated 223 (±91) renting households, 24.8% of its occupied homes (2020–2024 American Community Survey).
What is the median household income in Elk Rapids?
The median household income in Elk Rapids is $70,938 (±$13,251) a year (2020–2024 American Community Survey).
What is the average home value in Elk Rapids, MI?
The Census Bureau publishes the median: $393,400 (±$34,393) for owner-occupied homes in Elk Rapids (2020–2024 American Community Survey).
What is the average mortgage payment in Elk Rapids?
The Census Bureau publishes total owner costs rather than the mortgage alone: the median for owners with a mortgage in Elk Rapids, MI is $1,517 (±$144) a month, including taxes, insurance and utilities.
Is Elk Rapids growing?
In Elk Rapids, the number of residents went from 1,494 in 2015–2019 to 1,624 in 2020–2024 (+8.7%), not a measurable change.
What ZIP codes are in Elk Rapids?
The ZIP code that covers Elk Rapids is 49629.
What is the median rent in ZIP code 49629?
The median gross rent in ZIP Code Tabulation Area 49629 is $929 (±$289) a month (2020–2024 American Community Survey).
Sources
- Demographic and Housing Estimates (DP05), 2020–2024 ACS 5-year estimates — Elk Rapids village, Michigan
- Selected Housing Characteristics (DP04), 2020–2024 ACS 5-year estimates — Elk Rapids village, Michigan
- Selected Economic Characteristics (DP03), 2020–2024 ACS 5-year estimates — Elk Rapids village, Michigan
- Median Real Estate Taxes Paid by Mortgage Status (B25103), 2020–2024 ACS 5-year estimates — Elk Rapids village, Michigan
- Selected Social Characteristics (DP02), 2020–2024 ACS 5-year estimates — Elk Rapids village, Michigan
- Total Population (B01003), 2015–2019 ACS 5-year estimates — Elk Rapids village, Michigan
- Median Gross Rent (B25064), 2015–2019 ACS 5-year estimates — Elk Rapids village, Michigan
- HUD Fair Market Rents, fiscal year 2027: Antrim County, MI
- HUD Income Limits, fiscal year 2026: Antrim County, MI
- US Census Bureau, American Community Survey 2020–2024 5-year estimates for ZIP Code Tabulation Areas
- Consumer Price Index for All Urban Consumers (CPI-U), US city average, all items, US Bureau of Labor Statistics: annual averages 2019 and 2024
- US Census Bureau, 2024 Gazetteer Files
To check these figures in the Census Bureau’s own API, request the variables below from the 2024 ACS 5-year data profile (acs/acs5/profile) for Elk Rapids village, Michigan (place:25320, in state:26).
Each estimate (E or PE) has a margin of error beside it (M or PM).
The 2015–2019 figures are B01003_001E, B01003_001M, B25064_001E, B25064_001M from the 2019 release.
The API needs a free key.
DP05_0001E, DP05_0001M, DP04_0001E, DP04_0001M, DP04_0047PE, DP04_0047PM, DP04_0134E, DP04_0134M, DP03_0062E, DP03_0062M, DP04_0089E, DP04_0089M
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Figures are published by the US Census Bureau, HUD, the Bureau of Labor Statistics and the FBI; Seayora reproduces them and does not adjust them, except where a sentence says it compares dollar figures after inflation. They describe the whole place, not any one building or street, and are not an appraisal, a rent determination, a tax bill, a safety rating or legal advice.
Figures last updated on .