Market Overview
Home Prices in Big Rapids, MI
The median home value in Big Rapids, MI is $225,904 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.2% compared to a year ago and up 0.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in Big Rapids are priced45% below average. Big Rapids is part of the Big Rapids, MI metro area.
Over the past five years, Big Rapids home values have risen by approximately30.4%, reflecting strong long-term appreciation in this market.
Price History
Big Rapids Home Price Trend
City Comparison
Big Rapids vs. National Median
At $225,904, homes in Big Rapids cost 45% below the national median of $410,000. This makes Big Rapids a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Big Rapids?
20% Down Payment
$45,181
on $225,904
Monthly P&I
$1,178/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,496/mo
incl. taxes & insurance
Income Needed
$59,840
gross annual (30% rule)
10% Down Option
$22,590
+ PMI applies
Loan Amount (20% dn)
$180,723
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in Big Rapids, MI?
The median home value in Big Rapids is $225,904 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.2% year-over-year.
How much have home prices changed in Big Rapids?
Over the past year, home values in Big Rapids have increased by 6.2%. Over five years, prices have risen approximately 30.4%.
How much do I need to earn to buy a home in Big Rapids?
To comfortably afford the median home price of $225,904 with a 20% down payment ($45,181) at today's rates (6.8%), you'd need a gross annual income of approximately $59,840. This assumes keeping total housing costs at or below 30% of gross income.
How does Big Rapids compare to the national average home price?
The national median home value is approximately $410,000. At $225,904, homes in Big Rapids are 45% below the national average.
What metro area is Big Rapids part of?
Big Rapids is part of the Big Rapids, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.