Eaton Rapids, MI · Market Data

Eaton Rapids, Michigan real estate market data.

Real estate market data for Eaton Rapids, MI (Eaton County) — Census median home value $140,600, county listing prices up about 5.8% over the past year.

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Eaton Rapids, MI is in Eaton County, Michigan — covering the whole local market here: resale homes, condos, land, and new construction. The most recent Census estimate puts the population at 5,197, with a median household income of $63,618. Census data puts Eaton Rapids's median home value at $140,600 (all owner-occupied homes); Eaton County's current median listing price runs $317,225, up about 5.8% over the past year.

At a glance

Eaton Rapids market snapshot

Population

5,197

Median Household Income

$63,618

Median Home Value (city)

$140,600

Median Listing Price (Eaton County)

$317,225

Median Gross Rent

$944/mo

Price Trend (YoY)

+5.8%

Market data compiled from public sources; deemed reliable but not guaranteed; verify independently. Full source list ↗

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Why Eaton Rapids

What makes Eaton Rapids different

Home Value, By Source

The Census Bureau's American Community Survey (2023 5-year estimate) puts Eaton Rapids's median home value — across all owner-occupied homes, not just recent sales — at $140,600. Separately, Eaton County's current median listing price (via Realtor.com data, 2026-06-01) runs $317,225. These cover different geography (city vs. county) and different measures (assessed value vs. active listings), which is why we show both rather than picking one — full source list on our data sources page.

County Price Trend

Eaton County's FHFA house price index shows a 4.03% annual change in 2025.

Population & Income

Eaton Rapids has an estimated population of 5,197 and a median household income of $63,618, per the Census Bureau's American Community Survey (2023 5-year estimate).

Affordability Snapshot

Eaton Rapids's Census-reported median home value works out to about 2.2x the area's median household income, and median gross rent runs roughly 18% of that same income on an annualized basis. Housing economists commonly flag a price-to-income ratio above 4x as historically elevated -- useful context, not a personal affordability verdict.

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Common questions

Eaton Rapids FAQ

What are home values like in Eaton Rapids, MI?

The Census Bureau's American Community Survey puts Eaton Rapids's median home value at $140,600. Eaton County's current median listing price runs $317,225, up about 5.8% over the past year.

What is the population of Eaton Rapids, MI?

The U.S. Census Bureau's American Community Survey (2023 5-year estimate) puts Eaton Rapids's population at approximately 5,197.

What's the median rent in Eaton Rapids, MI?

The Census ACS estimates median gross rent in Eaton Rapids at approximately $944 per month.

What is the median household income in Eaton Rapids, MI?

Census ACS data puts the median household income in Eaton Rapids at approximately $63,618.

Is the Eaton Rapids housing market growing?

Eaton County's FHFA house price index shows a 4.03% annual change in 2025.

Is Eaton Rapids, MI affordable relative to income?

Census ACS data puts Eaton Rapids's median home value at about 2.2 times the median household income, with median gross rent equal to roughly 18% of that income annually. This is a general benchmark, not a personal pre-qualification -- your own income, debt, and down payment determine what you can actually afford.

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