Housing & Real Estate — Elk Rapids, Michigan
Overview
| Total Housing Units | 1,238 |
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| Occupied | 831 |
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| Vacant | 407 |
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| Owner-Occupied | 652 |
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| Renter-Occupied | 179 |
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| Median Home Value (Census) | $393,400 |
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| Estimated 2026 | ~$429,000 |
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| Median Rent | $1,032/mo |
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| Median Property Tax | $3,540/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | N/A |
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| Rent as % of Income | N/A% |
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| Severely Rent-Burdened | 29.1% |
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Housing Age
| Built 2010 or later | 76 |
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| Built 2000-2009 | 113 |
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| Built 1990-1999 | 182 |
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| Built before 1960 | 538 |
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| Median Year Built | 1966 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
