Race & Ethnicity
Age Breakdown
Key Indicators
| Median Age | 56.9 yrs |
|---|---|
| Avg HH Size | 1.88 |
| Below Poverty | 4.3% ▼ 57% below avg |
| College Grads | 54.8% ▲ 42% above avg |
| Unemployment | 0.8% ▼ 84% below avg |
| HS Graduate | 354 (22%) |
| Some College | 154 (9.6%) |
| Associates | 219 (13.6%) |
| Bachelors | 157 (9.8%) |
| Graduate Degree | 726 (45.1%) |
Education
Housing Tenure
Home Value Distribution
Financials
| Median HH Income | $74,318 ≈ Avg |
|---|---|
| Median Home Value | $347,100 ▲ 25% above avg |
| Home/Income Ratio | 4.7x (nat avg ~3.5x) |
| Median Rent | $1,032/mo |
| Total Housing Units | 1,696 |
| Vacant Units | 612 |
Income Distribution
How People Get to Work
Commute Time
Year Built
Elk Rapids is a city in Michigan, located in Antrim County. The city spans 1 ZIP code and is home to approximately 2,037 residents. It is an older city, with a median age of 56.9 years.
Economically, Elk Rapids is a solidly middle-class community. The median household income of $74,318 is near the national average. Approximately 4.3% of residents live below the poverty line. The unemployment rate is 0.8%, well below the national average.
The real estate market in Elk Rapids is a mid-range housing market. Median home values stand at $347,100, which is above the national average. Renters typically pay around $1,032 per month. Homeownership is high at 83.5%, typical of suburban and family-oriented communities.
The population of Elk Rapids is well-educated. 54.8% of adults hold a bachelor's degree or higher — above the national average. The community is primarily White (92%).
Elk Rapids, MI offers residents a cost-conscious lifestyle within Michigan.
| ZIP | Population | Median Income | Median Home | Median Rent | Unemp. | College | Owner Occ. |
|---|---|---|---|---|---|---|---|
| 49629 | 2,037 | $74,318 | $347,100 | $1,032 | 0.8% | 54.8% | 83.5% |