Market Overview
Home Prices in Eaton Rapids, MI
The median home value in Eaton Rapids, MI is $259,149 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 4.1% compared to a year ago and up 4% from two years prior.
Compared to the U.S. national median of $410,000, homes in Eaton Rapids are priced37% below average. Eaton Rapids is part of the Lansing-East Lansing, MI metro area.
Over the past five years, Eaton Rapids home values have risen by approximately24.0%, reflecting strong long-term appreciation in this market.
Price History
Eaton Rapids Home Price Trend
City Comparison
Eaton Rapids vs. National Median
At $259,149, homes in Eaton Rapids cost 37% below the national median of $410,000. This makes Eaton Rapids a relatively affordable market for buyers seeking value.
Affordability
What Does It Cost to Buy in Eaton Rapids?
20% Down Payment
$51,830
on $259,149
Monthly P&I
$1,352/mo
30-yr @ 6.8%
Total Monthly Est.
~$1,717/mo
incl. taxes & insurance
Income Needed
$68,680
gross annual (30% rule)
10% Down Option
$25,915
+ PMI applies
Loan Amount (20% dn)
$207,319
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 Eaton Rapids, MI?
The median home value in Eaton Rapids is $259,149 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 4.1% year-over-year.
How much have home prices changed in Eaton Rapids?
Over the past year, home values in Eaton Rapids have increased by 4.1%. Over five years, prices have risen approximately 24.0%.
How much do I need to earn to buy a home in Eaton Rapids?
To comfortably afford the median home price of $259,149 with a 20% down payment ($51,830) at today's rates (6.8%), you'd need a gross annual income of approximately $68,680. This assumes keeping total housing costs at or below 30% of gross income.
How does Eaton Rapids compare to the national average home price?
The national median home value is approximately $410,000. At $259,149, homes in Eaton Rapids are 37% below the national average.
What metro area is Eaton Rapids part of?
Eaton Rapids is part of the Lansing-East Lansing, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.