$575,000
4 bd2 ba2,304 sqft
12621 Jones Rd
Elk Rapids, MI Housing Market
$518,408
7.1% 1-yrThe average Elk Rapids, MI home value is $518,408, up 7.1% over the past year. (Updated on )
What is the Zillow Home Values Index?
Zillow Home Value Index (ZHVI), built from the ground up by measuring monthly changes in property level Zestimates, captures both the level and home values across a wide variety of geographies and housing types.
Elk Rapids Key Takeaways
Typical Home Values: $518,408
1-Year Value Change: +7.1%
(Data through August 31, 2026)
Elk Rapids Housing Market Overview
1-Year Market Forecast: --
For Sale Inventory: 11 ()
New Listings: 3 ()
Median Sale to List Ratio: --
Median Sale Price: --
Median List Price: --
Percent of Sales Over List Price: --
Percent of Sales Under List Price: --
Median Days to Pending: --
(Metric availability is based on market coverage and data, housing data available for download in the Housing Data page)
How does this data help me?
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Zillow's metrics provide valuable market data by tracking market changes in different locations and housing types.
Neighborhoods in Elk Rapids
- NameMedian ZHVI
- Oak Park$462,770
- Greilickville$512,410
- Traverse Heights$332,049
- Boardman$649,155
- Downtown$455,960
- Old Towne$495,231
- Slab Town$602,136
- Central$534,824
- Kids Creek$472,363
Move forward with a local partner
Zillow is more than a place to browse homes. It’s a place to connect with a local agent, explore financing solutions, schedule home tours, understand your buying and selling power, and more.
Get pre-qualified for a loan
At Zillow Home Loans, we can pre-qualify you in as little as 5 minutes with no impact on your credit score.
An equal housing lender. NMLS #10287.
Elk Rapids Rental Market Trends
Average Rent: --
National Average Rent: $1,948 ()
Month-Over-Month Change: --
Year-Over-Year Change: --
How does this data help me?
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
The Zillow Observed Rent Index (ZORI) measures changes in asking rents over time, controlling for changes in the quality of the available rental inventory.
Frequently Asked Questions
What are current home values in Elk Rapids, MI?
The median home value in Elk Rapids, MI is $518,408 as of August 2026. This represents a 0.3% increase compared to last month and a 7.1% increase year-over-year.
How have home values changed in Elk Rapids, MI?
Home values in Elk Rapids, MI have increased by 0.3% month-over-month and 7.1% year-over-year.
How do home values in Elk Rapids, MI compare to Antrim County, Michigan, and the national average?
The median home value in Elk Rapids, MI ($518,408) compares to: Antrim County ($354,250), Michigan ($266,292), and the U.S. national median ($368,697).
