$149,900
19236 230th Ave
Big Rapids, MI
Land5.06 acres
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Sarah Mitchell
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Compass Real Estate · Big Rapids, MI
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Big Rapids, MI(512) 555-0184TX License #0512847
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Big Rapids, MI Housing Market
Seller's market+7.0% YoY
Zillow, August 2026 · Refreshes monthlyRedfin, through May 2026 · No longer updatingFreddie Mac via FRED, September 2026 · Refreshes weekly
The typical home in Big Rapids, MI is worth $226,714, rose 7.0% over the past year (Zillow Home Value Index, August 2026). The last median sale price Redfin published was $197,800, -1.1% year over year (through May 2026). With 2.4 months of supply and homes going under contract in about 17 days, Big Rapids is a seller's market. At today's 7.03% 30-year fixed rate, 20% down on a $226,714 home is about $1,210/mo in principal and interest.
Key numbers for Big Rapids, MI
Typical home value
$226,714
+7.0% in 12 months
Zillow, August 2026
Typical asking rent
$1,094/mo
Zillow Observed Rent Index
Zillow, August 2026
Median sale price
$197,800
-1.1% year over year
Redfin, through May 2026
Days on market
17
Fast-moving
Redfin, through May 2026
Active listings
24
2.4 months of supply
Redfin, through May 2026
30-yr fixed rate
7.03%
Freddie Mac weekly average
Freddie Mac via FRED, September 2026
Median household income
$40,197
Home costs 5.6x income
U.S. Census ACS, 2023
Sale-to-list ratio
99.6%
Selling below asking
Redfin, through May 2026
Zillow figures are as of August 2026 and refresh monthly. Redfin figures are through May 2026 — Redfin stopped publishing its public market trackers in June 2026, so those numbers are final, not current. Mortgage rates come from Freddie Mac via FRED and update weekly.
Is Big Rapids a buyer's or seller's market?
Seller's market2.4 months of supply17 days on market99.6% of asking
Big Rapids, MI is a seller's market, based on 2.4 months of supply and homes selling in about 17 days. Under 4 months of supply tilts the market toward sellers: homes clear faster than they are replaced, so concessions are scarce.
Inputs are Redfin's final published period (May 2026). How we classify markets · Where the data comes from
What does the Big Rapids housing market data show?
Every row below is Redfin's final published month for Big Rapids, MI. Redfin, through May 2026
| Metric | Value |
|---|---|
| Median sale price | $197,800 |
| Median list price | $199,900 |
| Year-over-year price change | -1.1% |
| Median price per sq ft | $118/sq ft |
| Median days on market | 17 days |
| Active inventory | 24 listings |
| Months of supply | 2.4 months |
| Sale-to-list price ratio | 99.6% |
| Homes sold (that month) | 10 |
| New listings (that month) | 18 |
| Listings with a price cut | 29.2% |
| Market condition | Seller's market |
How to read these numbers
- Median sale price
- Half the homes that closed sold for more than this, half for less. It moves with what kind of home sold that month, so a quiet month with two big sales can swing it. Redfin's figure for Big Rapids is frozen at May 2026.
- Typical home value (ZHVI)
- Zillow's estimate of what a mid-market home in Big Rapids is worth right now, whether or not it sold. It is smoother than the median sale price and it still refreshes monthly, which is why this page leads with it.
- Months of supply
- How long it would take to sell every active listing at the current pace. Under 3 favors sellers, over 6 favors buyers, and 3 to 6 is the balanced band.
- Days on market
- Median time from listing to accepted offer. Short means you should have financing ready before you tour; long means there is room to negotiate on price and repairs.
- Sale-to-list ratio
- Sale price divided by the last asking price. Above 100% means bidding above asking is normal here; below 100% means the typical buyer got a discount.
- Price per square foot
- The size-adjusted price. Use it to compare a 1,400 sq ft house to a 2,600 sq ft house, not to value your own home — lot, condition and age move it a lot.
- Listings with a price cut
- Share of active listings that dropped their asking price in the month. A high share is the earliest visible sign that sellers are ahead of what buyers will pay.
- Typical asking rent (ZORI)
- Zillow's repeat-rent index for asking rents on new leases. Paired with the home value it gives the price-to-rent ratio in the rent-vs-buy section below.
How have Big Rapids home prices moved?
Over the last three years the median sale price in Big Rapids, MI fell 2.3%, from $202,500 to $197,800. The live Zillow value series has rose 7.0% in the last 12 months, which is the more current read now that Redfin's series has stopped. 29.2% of Big Rapids listings cut their asking price in the final Redfin month — a high share, and the clearest sign that list prices were running ahead of what buyers would pay. For prices to fall meaningfully from here, supply would have to keep building past 2.4 months while the sale-to-list ratio slips below its current 99.6%. Watch those two together — they move before the median does.
Redfin, through May 2026 — the chart ends at Redfin's final published month.
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What does it cost to buy a home in Big Rapids?
Priced off the typical home value of $226,714 at the current 7.03% 30-year fixed rate. These are principal and interest only — property taxes, homeowner's insurance, HOA dues and mortgage insurance are on top, and they vary enough by property that we will not guess them for you.
| Down payment | Cash at close | Loan amount | Monthly P&I |
|---|---|---|---|
| 20% | $45,343 | $181,371 | $1,210/mo |
| 5% | $11,336 | $215,378 | $1,437/mo |
Zillow, August 2026 for the price · Freddie Mac via FRED, September 2026 for the rate
What income do you need?
Lenders generally want housing costs under 28% of gross income. On the 20%-down payment of $1,210, that implies roughly $51,871 a year before you add taxes and insurance. The median household in Big Rapids earns $40,197, about $11,674 short of that threshold — the typical local household needs a larger down payment, a co-borrower, or a home below the typical home value to fit the 28% rule. That puts the price-to-income ratio at 5.6x — well above the 3x that was historically considered affordable, which is why down payment size drives who can buy here.
Run it with your own numbers: affordability calculator · mortgage calculator
Buying in Big Rapids in the next 12 months?
Tell us your timeline. We send the Big Rapids market brief: the price ranges that actually clear, how long homes sit, and what to fix on your credit before you apply.
Is it cheaper to rent or buy in Big Rapids?
Typical asking rent in Big Rapids, MI is $1,094/mo, against a typical home value of $226,714. That is a price-to-rent ratio of 17.3x, which means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Compared head to head, 20% down puts principal and interest at $1,210 a month — $116 more than renting before taxes and insurance, so the ownership case here rests on equity and appreciation rather than monthly cash flow.
Zillow, August 2026 for both value and rent
Add your own down payment, tax rate and time horizon in the rent vs. buy calculator.
Is inventory rising or falling in Big Rapids?
Active listings in Big Rapids, MI went from 21 in May 2025 to 24 in May 2026, a +14.3% change. Rising inventory is the single most useful leading indicator for buyers: more choice, longer marketing times, and more sellers willing to negotiate before price cuts show up in the median.
| Month | Active listings | New listings |
|---|---|---|
| June 2025 | 25 | 12 |
| July 2025 | 27 | 15 |
| August 2025 | 25 | 15 |
| September 2025 | 26 | 11 |
| October 2025 | 26 | 9 |
| November 2025 | 25 | 7 |
| December 2025 | 24 | 6 |
| January 2026 | 21 | 4 |
| February 2026 | 15 | 4 |
| March 2026 | 17 | 15 |
| April 2026 | 19 | 11 |
| May 2026 | 24 | 18 |
Redfin, through May 2026
How does Big Rapids compare to Michigan and the U.S.?
Big Rapids homes sell for $197,800 — 34% below the Michigan median of $297,900. Against the national median of $410,700, Big Rapids runs 52% lower. Year-over-year, Big Rapids moved -1.1% against Michigan's +4.6% — a smaller swing than the state as a whole.
| Market | Median sale price | YoY | Days on market |
|---|---|---|---|
| Big Rapids, MI | $197,800 | -1.1% | 17 days |
| Michigan statewide | $297,900 | +4.6% | 24 days |
| United States | $410,700 | not published | not published |
City and state rows: Redfin, through May 2026 · U.S. row: Freddie Mac via FRED, April 2026 (MSPUS, quarterly)
What to do next in Big Rapids
What buyers should watch
- Months of supply, currently 2.4. It turns before price does — when it climbs past 6, sellers start taking offers they would have rejected a quarter earlier.
- The share of listings cutting price, currently 29.2%. A listing that has already cut once is the one most likely to accept below asking.
- The gap between 5% and 20% down here is $227 a month in principal and interest alone, before mortgage insurance. That gap, not the price, is usually what decides your timeline.
- Rate moves. At 7.03%, every full point of rate change moves the payment on a $226,714 home more than a 5% price change does.
- Your credit tier before you shop, not after — it sets the rate you are quoted. Run your numbers first.
What sellers should know
- The median Big Rapids listing goes under contract in 17 days. If yours passes that mark, the market is telling you the price is wrong — not that you need more showings.
- Homes here close at 99.6% of asking. Price to that ratio from day one rather than chasing the market down in cuts.
- In the last published month Big Rapids added 18 new listings against 10 sales — more competition arriving than clearing, so early timing matters.
- Your equity moved +7.0% in the last 12 months on the Zillow value series. That, not the price you paid, is what sets your net proceeds.
- Comparable ZIP-level pricing inside Big Rapids varies more than the citywide median suggests — check the ZIP pages below before you set a number.
Homes for sale in Big Rapids
There are currently 24 homes listed for sale in Big Rapids, Michigan. The median listing price is $200K. Featured listings range from $149,900 to $468,000.
$165,000
833 Grant St
Big Rapids, MI
3 bd1 ba1,200 sqft$138/ft²
House7,405 sqft lot
View photos & details
$179,000
416 Division St
Big Rapids, MI
2 bd1 ba1,500 sqft$119/ft²
House6,970 sqft lot
View photos & details
$189,900
19117 Joslin Cir
Big Rapids, MI
Land1.00 acres
View photos & details
$189,900
801 N 4th Ave
Big Rapids, MI
4 bd1 ba1,855 sqft$102/ft²
House8,276 sqft lot
View photos & details
$200,000
406 Marion Ave
Big Rapids, MI
4 bd1 ba1,600 sqft$125/ft²
House16,117 sqft lot
View photos & details
$219,900
617 Green St
Big Rapids, MI
4 bd3 ba1,632 sqft$135/ft²
House13,068 sqft lot
View photos & details
$245,000
706 Tioga Park Dr
Big Rapids, MI
3 bd2 ba1,650 sqft$148/ft²
Condo
View photos & details
$250,000
704 Cherry Ave
Big Rapids, MI
3 bd2 ba1,216 sqft$206/ft²
House12,197 sqft lot
View photos & details
$259,000
17570 197th Ave
Big Rapids, MI
2 bd1 ba1,638 sqft$158/ft²
House2.35 acres
View photos & details
$425,000
880 West Ave
Big Rapids, MI
3 bd2 ba1,792 sqft$237/ft²
House9.09 acres
View photos & details
$468,000
000 Vl N Cottonwood Ave
Big Rapids, MI
Land78.22 acres
View photos & details
Looking to buy in Big Rapids?
Get connected with a local real estate expert — free, no obligation.
Active listings
24
Homes on market
Median list price
$200K
Avg. days on market
17
Days until sale
New this week
18
Newly listed
Price drops:29.2%of listings
Sale-to-list:99.6%
How much do homes cost in Big Rapids by property type?
How the Big Rapids, MI market breaks down across single-family homes, condos and townhouses. Redfin, through May 2026
| Property type | Median price | Price / sq ft | Homes sold | Days on market |
|---|---|---|---|---|
| Single-family | $195,700 | $113/sq ft | 9 | 20 days |
| Condo / co-op | $240,000 | $145/sq ft | 1 | 6 days |
Who lives in Big Rapids?
American Community Survey estimates for Big Rapids. U.S. Census ACS, 2023
Population
7,847
Households
2,796
Median income
$40,197/yr
Median age
23 years
Owner-occupied
40.3%
Median home value
$134,200
Median gross rent
$815/mo
Mean commute
15.1 min
40.3% of occupied homes in Big Rapids are owner-occupied, and the rest are rented — which is the share that decides how much of the local housing stock ever reaches the for-sale market. The Census self-reported median home value is $134,200 against Zillow's $226,714 typical value; the gap is normal — ACS asks owners what they think their home is worth, Zillow models transactions. Census median gross rent (all leases, including long-held ones) is $815/mo, below Zillow's $1,094/mo asking rent on new leases — the difference is roughly what a mover pays over a stayer.
Which public schools serve Big Rapids?
9 schools tracked · 2,564 students
The largest public schools serving Big Rapids, MI by enrollment, drawn from the National Center for Education Statistics. School quality is a commonly cited factor in home-buying decisions — these are the campuses families in this area are most likely to encounter.
Big Rapids High School
Grades 9-12 · 747 students
Big Rapids Middle School
Grades 5-8 · 618 students
Brookside Elementary School
Grades PK-4 · 342 students
Riverview Elementary School
Grades K-4 · 321 students
Crossroads Charter Academy K5
Grades K-5 · 146 students
Crossroads Charter Academy 612
Grades 6-12 · 144 students
Big Rapids Virtual School
Grades K-12 · 133 students
MecostaOsceola Education Center
Grades PK-12 · 113 students
Source: National Center for Education Statistics, Common Core of Data directory. Updated annually. Ratings and test scores are not currently displayed.
Which cities are near Big Rapids, MI?
Ordered by distance from Big Rapids, not by size. Compare Big Rapids side by side with any of them.
Big Rapids housing market FAQ
Is Big Rapids a buyer's or seller's market?
Big Rapids, MI is currently a seller's market. That read comes from 2.4 months of supply, homes going under contract in about 17 days, and sellers getting 99.6% of their asking price in the last month Redfin published (May 2026).
How much do homes cost in Big Rapids?
The typical home in Big Rapids, MI is worth $226,714 (Zillow Home Value Index, August 2026). The median sale price in the last month Redfin published was $197,800, about $118 per square foot.
Is Big Rapids cheaper than the rest of Michigan?
Big Rapids's median sale price of $197,800 is 34% lower than the Michigan statewide median of $297,900, and 52% below the U.S. median of $410,700. Both figures are for the same period.
How long do homes take to sell in Big Rapids?
Homes in Big Rapids, MI spent a median of 17 days on market before going under contract, versus 24 days statewide. Under three weeks means well-priced listings move before most buyers can schedule a second showing. (Redfin, through May 2026.)
What income do you need to buy a home in Big Rapids?
At the current 30-year fixed rate of 7.03%, 20% down on a $226,714 home is about $1,210 a month in principal and interest. Lenders typically want that under 28% of gross income, which works out to roughly $51,871 a year before taxes, insurance, HOA dues or mortgage insurance. The local median household income is $40,197.
Are home prices rising in Big Rapids?
The typical home value in Big Rapids, MI rose 7.0% over the last 12 months, from $211,930 to $226,714 (Zillow, August 2026). This is the live series — it refreshes monthly.
What are the cheapest ZIP codes in Big Rapids?
Big Rapids ZIP-level sale prices are not all published for the same period, so ranking them would compare different months. The ZIP pages listed on this page show what we hold for each one individually.
Is now a good time to buy in Big Rapids?
That depends on your timeline, not on a headline. What the data says today: Big Rapids, MI is a seller's market with 2.4 months of supply, the 30-year fixed rate is 7.03%, and the price-to-rent ratio of 17.3x means buying and renting land close enough together that the decision turns on how long you stay and your down payment. Properties Incorporated publishes the data; it does not give financial advice.
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