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Eaton Rapids

Learn about the people, housing, costs and businesses in Eaton Rapids, Michigan

Median Home$158,183
Median Rent$983/month
Population5,212
Leading IndustryHealthcare11% of local workforce
Home Value Growth⬆⬆⬆+24.3% over 2 years
Family-Friendly25% of residentsslightly above average
Homeowners72% of occupied units
NotableAmenity Score75/100 · highly walkable area
Eaton Rapids
MI

Frequently Asked Questions

What are today's mortgage rates in Eaton Rapids?

As of today, the 30-year fixed mortgage rate for Eaton Rapids is approximately 6.963% (7.005% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Eaton Rapids?

The median home value in Eaton Rapids is $158k. The median monthly rent is $983. Annual property taxes average $2k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Eaton Rapids?

Home values in Eaton Rapids have increased 24.3% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Eaton Rapids?

Based on a typical all-in ownership cost of $1,038/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $44k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Eaton Rapids is $63k/year.

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What industries drive the economy in Eaton Rapids?

The largest employment sectors in Eaton Rapids are public administration (25%) and retail (13%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.