Housing in Rapid River, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — November 2025Median Sale Price
$120,000
Median List Price
N/A
Price Per Sq Ft
$148
Days on Market
N/A
Active Inventory
1
Months of Supply
1.0
Seller's market
Zillow Home Value
$197,461
ZHVI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
0.0%
Off Market in 2 Weeks
0.0%
Sale-to-List Ratio
100.0%
Seller's market
Market Activity
Source: RedfinHomes Sold
1
Pending Sales
1
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$148
Rapid River vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Rapid River is highlighted.
Median Home Value
Median Price Per Sq Ft
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$105,600
Median Rent
N/A
Total Housing Units
109
Vacancy Rate
7.3%
Owner Occupied
83.2%
Renter Occupied
16.8%
Median Property Tax
$1,396
per year
Monthly Cost (w/ Mortgage)
$583
Housing Types
The current median sale price in Rapid River, MI is $120,000 according to Redfin data. 0.0% of homes sold above asking price. The market has 1.0 months of supply. The median price per square foot is $148. About 83.2% of housing units are owner-occupied. The median year homes were built is 1957. There are 109 total housing units.