Big Rapids, MI home prices
Typical home $229,042 · +7.5% in a year · income needed $65,900
The Big Rapids, MI metro area ranks 523 of 894 U.S. metros for home values (U.S. typical home: $366,157). Prices changed +7.5% in a year and +22.9% over five years. With 20% down at 7.11%, the typical home costs about $1,537 a month including 0.99% property tax (Mecosta County rate).
Mortgage on the typical Big Rapids home
| Down payment | Cash down | Loan | Principal + interest | PMI / MIP | Tax + insurance | Total / month | Income needed |
|---|---|---|---|---|---|---|---|
| 20% down | $45,808 | $183,234 | $1,233 | $0 | $304 | $1,537 | $65,900 |
| 10% down | $22,904 | $206,138 | $1,387 | $86 | $304 | $1,777 | $76,100 |
| 5% down | $11,452 | $217,590 | $1,464 | $91 | $304 | $1,859 | $79,700 |
| 3.5% down (FHA) | $8,016 | $224,894 | $1,513 | $101 | $304 | $1,918 | $82,200 |
Assumes a 30-year fixed loan at 7.11%, property tax of 0.99% of the home value a year, homeowners insurance of 0.6% a year, PMI of 0.5% of the loan a year when the down payment is under 20%, and FHA mortgage insurance of 0.55% a year plus a 1.75% upfront premium added to the loan. Your rate, taxes and insurance will differ.
Counties in the Big Rapids area
| County | Typical home | 1-yr change | Tax rate |
|---|---|---|---|
| Mecosta County, MI | $229,044 | +7.5% | 0.99% |
What can you afford in Michigan on your salary? · Michigan home prices · Salaries in Michigan
Frequently asked questions
How much is a house in Big Rapids?
The typical home in the Big Rapids, MI metro area is worth $229,042 (Zillow, September 2026).
What salary do you need to buy a house in Big Rapids?
About $65,900 a year for the typical home with 20% down at 7.11%.