Real Estate Market Update for Big Rapids, MI
Welcome to January's Market Update. Lets take a look at residential real-estate activity in your area during the month of December. The number of active listings was down 29% from one year earlier, and down 17% from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just over 140-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 42%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 120-thousand dollars. The number of units sold increased 18% year-over-year, and decreased 28% month-over-month. Higher year-over-year figures indicate that more buyers have been finding what they're looking for. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Big Rapids, MI
Area Information for Big Rapids, MI
  • Population: 10,519
  • Median Age: 21.87 yr
  • Median Commute Time: 13 mins
  • Educational Climate*: 2
  • Sales Tax: 6%
  • Population Density: 2,415/sq mi
  • Population Change Since 2000: 4.57%
  • Closest Airport: Gerald R Ford International
  • Closest College: Ferris State University
  • Closest Jr. College: Montcalm Community College
  • Median Household Income: $28,676
  • Annual Residential Turnover: 0%
  • Median Home Sales Price: $77,000
  • Closest Major Sports Team: West Michigan Whitecaps (a)
  • Change Avg. Household Income Since 2000: 30.74%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Big Rapids, MI
Median Age: 21.87 Married: 19% Number of Households: 3,354 Households with Children: 746
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Big Rapids, MI

      School Name Distance Type Grades School Rating Parent Rating
      New Directions High School 2.4 mi Public UNGRADE-UNGRADE 1 0
      Big Rapids High School 2.8 mi Public 9-12 4 3
      Brookside Elementary School 3.6 mi Public K-4 3 0
      St. Peter Lutheran School 3.9 mi Private PRESCHOOL-8 0 0
      Crossroads Charter Academy Middle/high School 4.0 mi Public 7-12 4 4
      Crossroads Charter Academy (pk-6) 4.1 mi Public PRESCHOOL-6 2 0
      St. Mary Catholic School 4.3 mi Catholic PRESCHOOL-8 0 0
      Big Rapids Middle School 4.3 mi Public 5-8 2 0
      Riverview Elementary School 4.5 mi Public K-4 4 0
      Eastwood Early Childhood Center 5.0 mi Public PRESCHOOL-PRESCHOOL 0 0
      Mecosta-osceola Education Center 5.0 mi Public 1-9 0 0
      Mecosta-osceola Career Center 5.0 mi Public 11-12 0 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by School Review data by
      Local Weather for Big Rapids, MI
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.