Elk Rapids, MI Profile: Facts & Data

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Elk Rapids, Michigan - Basic Facts

The Village of Elk Rapids had a population of 1,656 as of July 1, 2019.

The primary coordinate point for Elk Rapids is located at latitude 44.8956 and longitude -85.4165 in Antrim County. The formal boundaries for the Village of Elk Rapids encompass a land area of 1.65 sq. miles and a water area of 0.36 sq. miles. Antrim County is in the Eastern time zone (GMT -5). The elevation is 597 feet.

The Village of Elk Rapids (GNIS ID: 2398804) has a C1 Census Class Code which indicates an active incorporated place that does not serve as a county subdivision equivalent. It also has a Functional Status Code of "A" which identifies an active government providing primary general-purpose functions.

The Village of Elk Rapids is located within Township of Elk Rapids, a minor civil division (MCD) of Antrim County.

Alternate Unofficial Names for Elk Rapids: Stevens.

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  1. Elk Rapids 2019 Demographic Data
  2. Growth Rates for Elk Rapids (Historical & 5-Year Forecast)
  3. Peer Comparisons (Rank and Percentile)
  1. Neighborhoods Demographics (Home Values, Household Income, etc.)
  2. Michigan Research Tools (Easy Tools & Current Data)
  3. Michigan Data Comparison Tool - 2019 Demographics

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Boundary Maps, Demographic Data, School Zones Review maps and data for the neighborhood, city, county, ZIP Code, and school zone. July 1, 2019, data includes home values, household income, percentage of homes owned, rented or vacant, etc.


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Elk Rapids, MI Data & Demographics (As of July 1, 2019)

HOUSING AFFORDABILITY INDEX

Elk Rapids, MI Housing Affordability Index is 116
State of Michigan Housing Affordability Index is 142
The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.

WEALTH INDEX

Elk Rapids, MI Wealth Index is 163
State of Michigan Wealth Index is 92
The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

These new demographic attributes are availiable for Neighborhoods, Cities, Counties, and ZIP Codes.

More Tools and Resources:

  1. For information about schools and school attendance zones, use the HTL Address Tool
  2. Our new HTL Neighborhood Explorer provides lots of detail about any neighborhood.
  3. The new 2-Minute Introduction and Concise Guide to Big Data which will help you make the most effective use of HomeTownLocator Tools.
  4. See the References & Data Sources page for more information about methodology and sources of data.
  5. See the Michigan COVID-19 Data and US COVID-19 Data for more information on the spread of the novel coronavirus.

POPULATION

Total Population 1,656 (100%)
Population in Households 1,646 (99.4%)
Population in Families 1,305 (78.8%)
Population in Group Quarters1 10 ( 0.6%)
Population Density 1,004
Diversity Index2 13
 

INCOME

Median Household Income $62,347
Average Household Income $96,215
Per Capita Income $44,873
Wealth Index4 163

HOUSING

Total Housing Units 1,225 (100%)
Owner Occupied HU 616 (50.3%)
Renter Occupied HU 190 (15.5%)
Vacant Housing Units 418 (34.1%)
Median Home Value $260,294
Housing Affordability Index3 116
 

HOUSEHOLDS

Total Households 807
Average Household Size 2.04
Family Households 517
Average Family Size 3
NOTES
  1. Group Quarters - a place where people live or stay in a group living arrangement. Includes college residents halls, nursing facilities, military barracks, and correctional facilities.
  2. The Diversity Index is a scale of 0 to 100 that represents the likelihood that two persons, chosen at random from the same area, belong to different race or ethnic groups. If an area's entire population belongs to one race AND one ethnic group, then the area has zero diversity. An area's diversity index increases to 100 when the population is evenly divided into two or more race/ethnic groups.
  3. The Housing Affordability Index base is 100 and represents a balance point where a resident with a median household income can normally qualify to purchase a median price home. Values above 100 indicate increased affordability, while values below 100 indicate decreased affordability.
  4. The Wealth Index is based on a number of indicators of affluence including average household income and average net worth, but it also includes the value of material possessions and resources. It represents the wealth of the area relative to the national level. Values above or below 100 represent above-average wealth or below-average wealth compared to the national level.

GROWTH RATE / YEAR

2010-2019 2019-2024
Population 0.09% -0.07%
Households 0.22% 0.0%
Families 0.85% -0.16%
Median Household Income   1.48%
Per Capita Income   1.78%

Elk Rapids, MI - Peer Comparisons by Rank and Percentile

The table below compares Elk Rapids to the other 692 incorporated cities, towns and CDPs in Michigan by rank and percentile using July 1, 2019 data. The location Ranked # 1 has the highest value. A location that ranks higher than 75% of its peers would be in the 75th percentile of the peer group.

Variable Description Rank Percentile
Total Population # 340 51st
Population Density # 323 53rd
Diversity Index # 482 30th
Median Household Income # 143 79th
Per Capita Income # 54 92nd

Additional comparisons and rankings can be made with a VERY EASY TO USE Michigan Census Data Comparison Tool.

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