Home Price Key
Affordable
Average
Expensive
These days, finding an affordable place to live in the Rapid River area can be challenging. Home prices in Rapid River are now at a median cost of $136,889, lower than the Michigan average of $196,062.
The average cost of rent is $508/mo in Rapid River, primarily driven by the current value of real estate in the Rapid River area. While nearly 46.11% of residents own their homes outright in Rapid River, 12.51% rent.
Housing affordability isn’t just about home prices, though. The average household income in Rapid River is $4,944 per month. Households that rent pay about 10.27% of their income on rent here. Rapid River's most expensive areas are in the southern regions, while the cheapest areas are in the southwestern parts of the city.
Nearby Cities
- Garth, MI: higher priced homes
- Masonville, MI: equally priced homes
- Kipling, MI: equally priced homes
- Maywood, MI: higher priced homes
- Perkins, MI: equally priced homes
- Gladstone, MI: equally priced homes
- St. Jacques, MI: less expensive homes
- Groos, MI: higher priced homes
- Wells, MI: equally priced homes
- Stonington, MI: higher priced homes
Cities with Similar Populations
- Tonka Bay, MN: higher priced homes
- Clio, SC: less expensive homes
- Cook, MN: higher priced homes
- Coon Valley, WI: higher priced homes
- Cottonwood, MN: higher priced homes
- Cushing, TX: equally priced homes
- Wadley, AL: equally priced homes
- Verndale, MN: higher priced homes
- Vandalia, MI: higher priced homes
- Treynor, IA: higher priced homes
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