What is the median home value in Elk Rapids Township, MI?

Name: Home values in Elk Rapids Township, MI, 2020–2024
Creator: US Census Bureau
License: https://www.census.gov/data/developers/about/terms-of-service.html

The median value of owner-occupied homes in Elk Rapids Township, MI is $401,100 (±$49,386), as owners estimated it in the Census Bureau’s 2020–2024 American Community Survey.

In Elk Rapids Township, the median home value went from $229,100 in 2015–2019 to $401,100 in 2020–2024 (+75.1%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Figures last updated on November 12, 2026.

Median home value: $401,100 (±$49,386)
Owner-occupied homes: 1,053 (±122)
Most common range: $300,000 to $499,999

Home values in Elk Rapids Township

Owner-occupied homes by value, 2020–2024
Value	Elk Rapids Township	Antrim County	Michigan	United States
Less than $50,000	0.0% (±2.8 points)	6.1%	7.6%	5.3%
$50,000 to $99,999	1.7% (±1.1 points)	5.6%	9.2%	6.1%
$100,000 to $149,999	4.9% (±3.5 points)	13.5%	10.6%	6.8%
$150,000 to $199,999	8.5% (±6.7 points)	13.2%	14.1%	9.0%
$200,000 to $299,999	11.8% (±4.3 points)	19.1%	23.4%	17.8%
$300,000 to $499,999	36.2% (±7.2 points)	20.2%	24.1%	26.9%
$500,000 to $999,999	30.7% (±7.7 points)	14.8%	9.2%	20.9%
$1,000,000 or more	6.2% (±3.0 points)	7.5%	1.6%	7.1%

The most common range is $300,000 to $499,999, 36.2% of owned homes.

Value is the owner’s own estimate of what the home and lot would sell for, not a sale price or an assessment.

Elk Rapids Township against Antrim County, its state and the nation

Estimate (90% margin of error)
	Elk Rapids Township	Antrim County	Michigan	United States
Median home value	$401,100 (±$49,386)	$255,500 (±$11,236)	$231,600 (±$642)	$332,700
Owner-occupied homes	1,053 (±122)	9,587 (±278)	2,984,190 (±12,886)	84,210,142

In Elk Rapids Township, the median home value is higher than in Antrim County ($255,500).

It is also higher than in Michigan ($231,600).

It is higher than the national figure ($332,700).

In Antrim County, Elk Rapids Township ranks 3 of 15 places with a published estimate, from highest to lowest median home value.

Statewide, it ranks 73 of 1,518.

Rankings use the estimates alone; where margins of error overlap, neighboring ranks may not truly differ.

How home values in Elk Rapids Township have changed since 2015–2019

2015–2019 and 2020–2024 American Community Survey 5-year estimates
	2015–2019	2020–2024	Amount of change	Verdict
Median home value	$229,100 (±$19,134)	$401,100 (±$49,386)	+75.1%	Up after inflation
Median owner cost with a mortgage	$1,479 (±$155)	$1,603 (±$185)	+8.4%	No measurable change after inflation
Median real estate taxes	$2,736 (±$329)	$3,261 (±$341)	+19.2%	No measurable change after inflation

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.

Median home value in places near Elk Rapids Township

Nearest places with a published estimate, compared with Elk Rapids Township
Place	Distance	Median home value	Compared with this place
Elk Rapids Township	—	$401,100 (±$49,386)	—
Milton Township (Antrim County)	3.4 mi	$528,000 (±$97,988)	Higher
Peninsula Township	6.0 mi	$706,900 (±$91,169)	Higher
Helena Township	6.5 mi	$382,000 (±$38,559)	Not measurably different
Rapid City	6.6 mi	$214,700 (±$27,735)	Lower
Acme Township	7.8 mi	$338,300 (±$19,433)	Lower
Clearwater Township	8.6 mi	$218,000 (±$17,211)	Lower
Whitewater Township	9.2 mi	$373,000 (±$31,304)	Not measurably different
Forest Home Township	9.3 mi	$307,300 (±$46,926)	Lower

Nearby places with a measurably lower figure: Rapid City, MI ($214,700), Acme Township, MI ($338,300), Clearwater Township, MI ($218,000).

Nearby places with a measurably higher figure: Milton Township (Antrim County), MI ($528,000), Peninsula Township, MI ($706,900).

Distance is measured in a straight line between the Census Bureau’s internal points for each place.

Median home value across Antrim County, place by place

Rank	Place	Median home value
1	Torch Lake Township (Antrim County)	$570,400 (±$120,003)
2	Milton Township (Antrim County)	$528,000 (±$97,988)
3	Elk Rapids Township	$401,100 (±$49,386)
4	Helena Township	$382,000 (±$38,559)
5	Forest Home Township	$307,300 (±$46,926)
6	Banks Township	$248,800 (±$31,251)
7	Kearney Township	$240,600 (±$19,310)
8	Custer Township (Antrim County)	$237,200 (±$18,223)
9	Echo Township	$235,600 (±$35,508)

Showing 9 of 15 places in Antrim County, ranked from highest to lowest.

The figures for Elk Rapids Township include the places inside it that have pages of their own: Elk Rapids.

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 Township

What is the average home value in Elk Rapids Township, MI?

The Census Bureau publishes the median: $401,100 (±$49,386) for owner-occupied homes in Elk Rapids Township (2020–2024 American Community Survey).

Have home values in Elk Rapids Township gone up?

In Elk Rapids Township, the median home value went from $229,100 in 2015–2019 to $401,100 in 2020–2024 (+75.1%).

Prices (CPI-U) rose 22.7% over the same years, so it rose faster than prices: a measurable increase after inflation.

Is this what homes in Elk Rapids Township sell for?

No: it is the value owners reported, which tends to lag the market; recent sale prices and an appraisal answer that question.

Sources

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 township, Antrim County, Michigan (county subdivision:25340, in state:26 county:009).

Each estimate (E or PE) has a margin of error beside it (M or PM).

The 2015–2019 figures are B25077_001E, B25077_001M, B25088_002E, B25088_002M, B25103_001E, B25103_001M from the 2019 release.

The API needs a free key.

Request a Census API key.

DP04_0089E, DP04_0089M, DP04_0046E, DP04_0046M, DP04_0081PE, DP04_0081PM, DP04_0082PE, DP04_0082PM, DP04_0083PE, DP04_0083PM, DP04_0084PE, DP04_0084PM, DP04_0085PE, DP04_0085PM, DP04_0086PE, DP04_0086PM, DP04_0087PE, DP04_0087PM, DP04_0088PE, DP04_0088PM

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.