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market report · 49629
Elk Rapids, MI · 49629
8 active listings$359,950 median ask$2,329 est. rent0.6% price/rent
$359,950
Median list price
$2,329/mo
Estimated rent
0.6%
Price / rent ratio
8
Listings
FHFA home price index · 2016–2025
118.9% cumulative change over the window. Source: FHFA ZIP-level HPI.
$1.12
Median rent / sqft
4 comps
$252.92
Median sold / sqft
4 comps
—
Walkability
5.6%
Area unemployment
BLS LAUS
Median household income $65,302 · median home value $394,600 · ACS 2024.
Natural-hazard risk Relatively Low (FEMA NRI score 51).
4 schools within ~4 km of the ZIP centroid.
top deals · highest rent-to-price
609 Buckley St, Elk Rapids, MI 49629
Elk Rapids, MI
$299,900$2,420/mo0.8%
608 Meadowview Ln, Elk Rapids, MI 49629
Elk Rapids, MI
$420,000$2,238/mo0.5%
711 S Bayshore Dr, Elk Rapids, MI 49629
Elk Rapids, MI
$799,900$3,250/mo0.4%
110 Ames St, Elk Rapids, MI 49629
Elk Rapids, MI
$1,220,000$2,199/mo0.2%