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AREA INFORMATION

Elk Rapids, MI

Explore the real estate in Elk Rapids, MI

Area Highlights

Elk Rapids, MI residents have a median age of 57.7 years old, with employment highest in the food and production occupations industries.

1,574 Population

The population has increased by 2.9% since the year 2010.

743 Households

$83,836 /yr
Median Household Income

$385,000
Median Home Sale Price

19m Median Commute Time

Most people in this area drive to work.

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Median Age

Median age is the age that divides a population into two numerically equally sized groups; that is, half the people are younger than this age and half are older. It is a single index that summarizes the age distribution of a population.

LEGEND

  • 61+ years old
  • 51 to 60 years old
  • 41 to 50 years old
  • 31 to 40 years old
  • 21 to 30 years old
  • 11 to 20 years old
  • 0 to 10 years old

Median Home Price

The median sale price measures the “middle” price of homes that sold, meaning that half of the homes sold for a higher price and half sold for less.

LEGEND

  • $2,000,000+
  • $1,000,000 to $2,000,000
  • $800,000 to $1,000,000
  • $600,000 to $800,000
  • $400,000 to $600,000
  • $200,000 to $400,000
  • $0 to $200,000

Median Household Income

The median household income is the income amount that divides a population into two equal groups, half having a household income above that amount, and half having a household income below that amount.

LEGEND

  • $500,000+ per year
  • $250,000 to $500,000 per year
  • $150,000 to $250,000 per year
  • $100,000 to $150,000 per year
  • $75,000 to $100,000 per year
  • $50,000 to $75,000 per year
  • $0 to $50,000 per year

Family & Education

57.7 Median Age

Average Household Size

2.1
persons per
household

56.4%

Married Households

Community Population By Education

High School Graduate 24%
Some College 22%
Bachelors Degree 20%
Graduate Degree 16%
Associates Degree 14%
Some High School 4%
Of the total people surveyed, the most prevalent educational attainment level is High School Graduate, representing 24.24% of the population.

Household Family Expenses vs National Average

This location’s average annual expenditures compared to the national average. Index score (100=National Average)
22.2% of households have children

Area Schools

9-12
0.4 MILES
Sunrise Academy
PK-5
0.6 MILES
A-
Lakeland Elementary School
6-8
0.7 MILES
B+
Cherryland Middle School
9-12
0.9 MILES
A-
Elk Rapids High School

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.

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Economics

$83,836 /yr
Median Household Income
$385,000
Median Sales Price
19 min
Median Commute Time

Household Expenses vs National Average

This location’s average annual expenditures by category compared to the national average. Index score (100=National Average)

Household by Income

Out of the households in this area, the largest income group is $75-99,999k representing 15.48% of the households.

Transportation to Work

  • Drive 74%
  • Work from Home 15%
  • Walk or Bike 11%
  • Public Transit 0%

Occupancy by Type

Owned 617 52%
Vacant 442 37%
Rented 126 11%

White vs Blue Collar Jobs







White Collar 68%
Blue Collar 32%

Employment

Employees by Industry

Employees by Occupation

Demographics

Community Population By Age

The median age for this area is 57.7 years old. The smallest percentage group is 65-74 years and the largest percentage is the 85+ years age range.

Community Population By Ethnicity

White 94%
Hispanic 2%
Asian 1%
Native American <1%
Other <1%
Black <1%
The most prevalent ethnicity is White at 94%, followed by Hispanic at 2%, Asian at 1%, and Native American at <1%.

Crime & Pollution

Crime vs National Average

This location’s average annual crime rates compared to the national average. Index score (100=National Average)

Pollution vs National Average

This location’s average annual pollution rates compared to the national average. Index score (100=National Average)

Weather

80° July
Hottest Average Month
12° February
Coldest Average Month

Severe Weather

This location’s average annual severe weather events compared to the national average. Index score (100=National Average)

Average Temperature by Month

Low (°F)
High (°F)
Jan
13°
28°
Feb
12°
29°
Mar
20°
39°
Apr
31°
52°
May
41°
65°
Jun
51°
75°
Jul
57°
80°
Aug
56°
78°
Sep
49°
70°
Oct
39°
58°
Nov
30°
44°
Dec
20°
33°

Average Temperature in Degrees Fahrenheit

Precipitation

Precipitation (inch)

Listings in the Area

$890,000
For sale
4 beds • 5 baths • 1 half baths • 4,615 sqft

8160 Cairn Highway
Elk Rapids, MI 49629

$334,900
For sale
2 beds • 2 baths • 1,403 sqft

607 Meadowview Lane
Elk Rapids, MI 49629

$409,900
For sale
2 beds • 2 baths • 1,670 sqft

588 Meadowview Lane
Elk Rapids, MI 49629

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Data powered by Attom Data Solutions. Copyright© 2024. Information 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.

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