Foreclosure Homes in Rapid City, MI

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5 View this home at Rapid City Rd Nw Rapid City MI 49676
$221,475 EMV
Rapid City Rd Nw
Rapid City, MI 49676
3 |
EST. RENT: $1,220
AUCTION: 05-16-2024
3 |
5 View this home at Walker Rd Nw Rapid City MI 49676
$278,643 EMV
Walker Rd Nw
Rapid City, MI 49676
3 |
EST. RENT: $1,301
AUCTION: 04-18-2024
3 |
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Rapid City, MI Foreclosures

How much do homes sell for in Rapid City, MI?
The average home price is currently $671,440.
In Rapid City, MI, how many homes are available?
There are currently 2,394 active home listings available in Rapid City.
What’s the average rental cost in Rapid City, MI?
The average rental price in Rapid City is $1,388.
What is the most expensive home in Rapid City, Michigan?
The most expensive home sold in Rapid City had a price of $8,270,008.
What is currently the cheapest priced home in Rapid City, MI?
The cheapest home for sale in Rapid City is priced at $17,580.

Home Value Estimator For Rapid City, MI

There are currently 2,394 real estate properties in Rapid City, MI, with a median automated valuation model (AVM) price of $410,982.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Rapid City, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Rapid City, MI, is $671,440.00, with the most expensive house in Rapid City, MI, topping out at $8,270,008.00 and the cheapest home in Rapid City, MI, clocking in at $17,580.00. In other words, there’s something for every potential homebuyer or savvy investor in Rapid City, MI!

Rent Prices In Rapid City, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Rapid City, MI, is on a rollercoaster ride. The average rent price in Rapid City, MI, is $1,388.00. Indeed, when looking to rent in Rapid City, MI, you can expect to pay as little as $560.00 or as much as $2,580.00, with the average rent median estimated to be $1,360.00. The good news is that finding an affordable and desirable property to rent in Rapid City, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.

Top Reasons To Live In Rapid City, MI In 2024

Rapid City is located in Kalkaska, Michigan, with an estimated municipal population of 1,493 residents. All of the best foreclosed homes for sale in Rapid City are located in the following zip code areas on 49676. The estimated population per square kilometer (.62 miles) in Rapid City is 106.

Cost Of Living In Rapid City, MI

So, about how much do homes cost in Rapid City? The most recent median value of resident-owned homes in Rapid City is 134,065. An estimated 83.1 percent of households in Rapid City own their homes, with an average family size of 2.84. The median household income in Rapid City is 50,952, with9.8 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Rapid City, the median commute time of resident workers (in minutes) is 24.3. And last, but certainly not least, are you looking for homes to rent in Rapid City? If so, the average rent price paid by renters in Rapid City is 729, according to recent statistics.

Diversity And Demographics In Rapid City, Michigan

Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Rapid City, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.

The median age of residents in Rapid City is 43.6, split between 48.5 percent male versus 51.5 female. The percentage of residents who report being married in Rapid City is 64, with an average family size of 2.84.

The percentage of residents who report their race in Rapid City is as follows:

White 94.6%
Black / African American 1.6%
Asian 0.4%
American Indian / Alaskan Native 1.1%
Native Hawaiian / Other Pacifc Islander 0%
Multi-racial 2.3%
Other 0%

Looking for family-friendly neighborhoods in and/or near Rapid City? Or maybe you are searching for 55+ active adult communities in and/or near Rapid City?

The percentage of residents who report their age in Rapid City is as follows:

Under 10 14.1%
Aged 10-19 9.7%
20s 11.8%
30s 12.8%
40s 9%
50s 15.4%
60s 15.5%
70s 10%
80+ 1.7%

Best Schools In Rapid City, Michigan

It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Rapid City with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Rapid City.

Pros And Cons Of Living In Rapid City, Michigan

How do you know that living in -- or moving to -- Rapid City is right where you need to be? Perhaps you grew up in Rapid City or already live nearby; therefore, the decision to buy a home in Rapid City is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Rapid City for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.

Here are some questions to ask yourself when shopping for foreclosed homes for sale in Rapid City:

  • What type of neighborhood environment (suburban, urban, rural, etc.) do you prefer?
  • What types of shopping (mom and pop, mall, big box), restaurants (fast food, chain, local) and businesses (small, big, mixed) would you like nearby?
  • What leisure-time activities (golf, biking, hiking, etc.) do you enjoy?
  • What type of commute (car, plane, home office) do you seek?

In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Rapid City.

Reasons To Move To Rapid City, Michigan, In 2024

Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Rapid City can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Rapid City, meanwhile, can field multiple offers from more qualified buyers.

Rapid City, MI Foreclosures


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