In Eaton Rapids, a typical home is worth $155,800 and typical rent is $972 a month. Compared with all of Eaton County, the typical home value is 28% lower and typical household income is 20% lower.
Typical home value from Zillow, September 2021 to September 2026: from $202,135 to $252,193.
From Zillow (ZHVI), September 2026. The Census figures above are 5-year averages (2020–2024).
Eaton Rapids is in Eaton County. The FHA loan limit ($541,287 for a one-unit home), the fair market rents and the help on this page are those of all of Eaton County. See the county
What this place has that others do not, from public data, most unusual first.
1
The typical home in Eaton Rapids is worth $155,800,28% less than in Eaton County as a whole ($216,900).
2
Nearby, in Lansing, the typical home value is $128,700: 17% less than in Eaton Rapids ($155,800).
3
The typical household income in Eaton Rapids is $63,875,20% less than in Eaton County as a whole ($79,597).
Sources: U.S. Census Bureau (Average 2020–2024).
The homes here
Housing in Eaton Rapids
What homes there are in Eaton Rapids, what they cost, how that changed and how people live, from Census figures (2020–2024).
What homes there are
U.S. Census Bureau, ACS 5-year, 2020–2024
Kind of home
Detached houseAttached houseBuilding of 2 to 4Apartments (5 or more)Mobile homeBoat, RV and otherUnreliable estimate
Eaton Rapids
Eaton County
Michigan
United States
Kind of home: Eaton Rapids and its comparisons
Measure
Eaton Rapids
Eaton County
Michigan
United States
Detached house
69%
70%
72%
61%
Attached house
Unreliable estimate
4%
5%
6%
Building of 2 to 4
10%
4%
5%
8%
Apartments (5 or more)
Unreliable estimate
17%
13%
19%
Mobile home
8%
5%
5%
6%
Boat, RV and other
Unreliable estimate
Unreliable estimate
0%
0%
As in Eaton County, most homes in Eaton Rapids are detached houses (69%).
Year built
Before 19601960–19791980–19992000–20092010 or laterUnreliable estimate
Eaton Rapids
Eaton County
Michigan
United States
Year built: Eaton Rapids and its comparisons
Measure
Eaton Rapids
Eaton County
Michigan
United States
Before 1960
53%
26%
36%
26%
1960–1979
25%
30%
26%
24%
1980–1999
15%
27%
22%
25%
2000–2009
7%
11%
10%
14%
2010 or later
Unreliable estimate
6%
6%
11%
What it costs here
U.S. Census Bureau, ACS 5-year, 2020–2024
Value of owner-occupied homes
Unreliable estimate
Under $100K20%
$100K–$200K49%
$200K–$300K27%
$300K–$500KUnreliable
$500K–$750KUnreliable
$750K–$1MUnreliable
$1M or moreUnreliable
Value of owner-occupied homes: Eaton Rapids and its comparisons
Measure
Eaton Rapids
Under $100K
20%
$100K–$200K
49%
$200K–$300K
27%
$300K–$500K
Unreliable estimate
$500K–$750K
Unreliable estimate
$750K–$1M
Unreliable
$1M or more
Unreliable
Monthly rent with utilities
Unreliable estimate
Under $500Unreliable
$500–$99949%
$1,000–$1,49937%
$1,500–$1,999Unreliable
$2,000–$2,499Unreliable
$2,500–$2,999Unreliable
$3,000 or moreUnreliable
Monthly rent with utilities: Eaton Rapids and its comparisons
Measure
Eaton Rapids
Under $500
Unreliable estimate
$500–$999
49%
$1,000–$1,499
37%
$1,500–$1,999
Unreliable estimate
$2,000–$2,499
Unreliable
$2,500–$2,999
Unreliable
$3,000 or more
Unreliable
With a mortgage
$1,218 a month
Eaton County: $1,514 a month
Without a mortgage
$539 a month
Eaton County: $641 a month
Owners with a mortgage
67%
Eaton County: 63%
In Eaton Rapids, 67% of owners have a mortgage, and their typical cost is $1,218 a month, against $1,514 in Eaton County. Without one it drops to $539.
How it changed
U.S. Census Bureau, ACS 5-year, 2015–2019 and 2020–2024
Change since 2015–2019
Typical home value
Eaton Rapids+30%
Eaton County+40%
Michigan+50%
United States+53%
Typical rent
Eaton Rapids+31%
Eaton County+27%
Michigan+30%
United States+33%
Typical household income
Eaton Rapids+49%
Eaton County+24%
Michigan+28%
United States+29%
Change since 2015–2019: Eaton Rapids and its comparisons
Measure
Eaton Rapids
Eaton County
Michigan
United States
Typical home value
+30%
+40%
+50%
+53%
Typical rent
+31%
+27%
+30%
+33%
Typical household income
+49%
+24%
+28%
+29%
The typical home value in Eaton Rapids rose 30% since 2015–2019, less than in Eaton County (40%).
Rents in Eaton Rapids rose faster than in Eaton County: 31% since 2015–2019, against 27%.
The typical household income in Eaton Rapids rose 49%: more than home values (+30%) and rent (+31%).
How people live
U.S. Census Bureau, ACS 5-year, 2020–2024
How people live: Eaton Rapids and its comparisons
Measure
Eaton Rapids
Eaton County
Michigan
United States
Rental vacancy
Unreliable estimate
5.3%
5.1%
5.5%
Homeowner vacancy
Unreliable estimate
Unreliable estimate
0.8%
0.9%
More than one person per room
Unreliable estimate
1.3%
1.6%
3.4%
People per household
2.40
2.36
2.42
2.53
Drive alone
77%
72%
74%
69%
Carpool
6%
9%
8%
9%
Public transit
Unreliable estimate
Unreliable estimate
1%
3%
Walk or bike
Unreliable estimate
2%
2%
3%
Work from home
13%
15%
14%
15%
Other means
Unreliable estimate
1%
1%
2%
Typical commute
Unreliable estimate
Unreliable estimate
20 to 29 minutes
20 to 29 minutes
A household in Eaton Rapids has 2.40 people on average, about the same as in Eaton County (2.36).
To get to work, 77% of workers in Eaton Rapids drive alone; in Eaton County, 72%.
Do the math
What would you pay each month for a home in Eaton Rapids?
A typical home is within reach of the typical income
We start with a typical home in Eaton Rapids, worth $155,800, an FHA loan with 3.5% down and the latest average rate (7.18%). That payment would take 25% of the typical household income in Eaton Rapids, which is $63,875 a year.
The calculator's FHA and conventional loan limits are those of all of Eaton County.
Change the price, the down payment or the loan: the payment updates right away.
Your numbers
Local data
$
Starts at the typical home value in Eaton Rapids. Change it to the price you have in mind.
Your score changes which loans apply and FHA's minimum down payment. Your real rate also depends on your credit.
Down payment
%
That is $5,453 (3.5% of the price). The usual minimum for this loan is 3.5%.
This week's average ± a quarter or half point.
National average as of November 5, 2026 (Freddie Mac); your rate may be different.
Adjust advanced details⌄
Estimated monthly payment
Local data
$1,353
at 7.18% · 30 years
Loan amount
$152,978
Total interest
$220,100
Paid off in
November 2056
Includes $2,631 FHA upfront mortgage insurance premium.
Does it fit the income?
Comfortable
up to $1,490 a month
Your payment · 25%
Tight
$1,490 to $1,916 a month
Hard
more than $1,916 a month
Compared with the typical household income in Eaton Rapids ($63,875 a year). Reference: HUD calls paying more than 30% of income for housing a cost burden.
Monthly payment breakdown
Principal & interest
$1,036
Property tax
$183
Home insurance
$65
FHA mortgage insurance (MIP)
$69
You need at least $5,453 for the down payment, plus closing costs.
This is an estimate to give you an idea, not a loan offer. Your real payment depends on your rate, your credit, and the insurance and taxes on the home you buy.
Total monthly payment $1,353; principal and interest $1,036.
The city and its county
Eaton Rapids and Eaton County
Eaton Rapids is in Eaton County, Michigan. The U.S. Census Bureau publishes its own numbers for the city: home values, rent, household income, how many households own their home and the property tax. They are American Community Survey estimates (average 2020–2024).
Eaton Rapids
Map of Eaton County, Michigan, with Eaton Rapids marked. Around it, the neighboring counties.
Eaton Rapids
Eaton County
Other cities with a page
Eaton Rapids's own numbers
Typical home value
$155,800
Typical monthly rent
$972
Typical yearly household income
$63,875
Households that own their home
70%
Effective property tax rate
1.41%
U.S. Census Bureau, American Community Survey (average 2020–2024).
Numbers for all of Eaton County
FHA limit, one-unit home
$541,287
Conventional limit, one unit
$832,750
HUD fair market rent, 2 bedrooms
$1,323
Price change over 5 years (FHFA)
+47%
Homes in a high flood-risk zone
1.7%
HUD, FHFA and FEMA don't publish these numbers by city.
Other numbers are not published by city, only for the whole county: FHA and conventional loan limits, HUD’s fair market rents, FHFA’s price index and FEMA’s flood data. On this page, those numbers always say they are for all of Eaton County.
A typical home in Eaton Rapids is worth $155,800: 28% below the county and 33% below Michigan. With the typical household income in Eaton Rapids ($63,875 a year), a typical home costs 2.4 times what the household earns in a year.
Years of income to pay for a typical home
The typical home value divided by the typical household income for one year. The lower it is, the less buying weighs.
Eaton Rapids2.4 years
Eaton2.7 years
Michigan3.2 years
United States4.1 years
Source: U.S. Census Bureau, Average 2020–2024
How prices have changed in Eaton County
According to FHFA’s house price index, home prices in Eaton County rose 95% in the 10 years through 2025.
FHFA does not publish this index by city: these are the numbers for all of Eaton County.
Yearly change in FHFA’s price index in Eaton County, 2016 to 2025
2016: +4.7% +4.7% 2016
2017: +7.4% +7.4% 2017
2018: +7.5% +7.5% 2018
2019: +4.2% +4.2% 2019
2020: +5.1% +5.1% 2020
2021: +10.9% +10.9% 2021
2022: +10.7% +10.7% 2022
2023: +4.4% +4.4% 2023
2024: +10.4% +10.4% 2024
2025: +4.0% +4.0% 2025
Change in FHFA’s price index in Eaton County, Michigan and the United States
Period
County
Michigan
U.S.
Last year (2025)
+4.0%
+4.7%
+2.9%
5 years (2020–2025)
+47%
+52%
+47%
10 years (2015–2025)
+95%
+97%
+85%
The index follows the price of the same homes over time (sales and appraisals with Fannie Mae and Freddie Mac loans). It is not the average price of a home. FHFA considers its annual county indexes experimental. Source: FHFA, 2025 data
Eaton Rapids next to Eaton County, Michigan and the U.S.
Three numbers side by side. “Typical” means the median: half are above it and half below.
Typical home value
Eaton Rapids$155,800
Eaton$216,900
Michigan$231,600
United States$332,700
Typical monthly rent
Eaton Rapids$972
Eaton$1,092
Michigan$1,129
United States$1,413
Typical yearly household income
Eaton Rapids$63,875
Eaton$79,597
Michigan$72,875
United States$80,734
See the full table
Eaton Rapids next to Eaton County and Michigan
Measure
Eaton Rapids
Eaton County
Michigan
U.S.
Typical home value
$155,800 ▼28% below the county
$216,900
$231,600
$332,700
Typical monthly rent
$972 ▼11% below the county
$1,092
$1,129
$1,413
Typical yearly household income
$63,875 ▼20% below the county
$79,597
$72,875
$80,734
Households that own their home
70% ▼4 points below the county
74%
73%
65%
Typical yearly property tax
$2,199 ▼28% below the county
$3,067
$2,904
$3,119
Effective property tax rate
1.41%
1.41%
1.25%
0.94%
Renters with high rent for their income
61% ▲20 points above the county
41%
50%
51%
“Typical” means the median: half are above and half are below. ▲ and ▼ say whether the city is above or below Eaton County. “High rent” is the Census measure: renter households that pay 30% or more of their income in rent.
Four ways to pay for a typical home in Eaton Rapids
For a typical $155,800 home in Eaton Rapids, at Freddie Mac's average rate (7.18% as of November 5, 2026) over 30 years. The monthly payment adds principal and interest, Eaton Rapids's typical property tax, an example home insurance and mortgage insurance when it applies.
FHA, 3.5% down$1,353a month
Least cash to close
Down payment
$5,453
Cash to close
$10,127
Rate
7.18%
Mortgage insurance
FHA MIP · $69
Conventional, 5% down$1,325a month
Down payment
$7,790
Cash to close
$12,464
Rate
7.18%
Mortgage insurance
PMI · $74
Conventional, 20% down, no PMI$1,092a month
Down payment
$31,160
Cash to close
$35,834
Rate
7.18%
Mortgage insurance
None
ITIN, 15% down (example)$1,236a month
Down payment
$23,370
Cash to close
$28,044
Rate
8.18%
Mortgage insurance
None
Four ways to pay for a typical home in Eaton Rapids
Loan
Monthly payment
Down payment
Loan amount
Rate
Mortgage insurance
Cash to close
Minimum score
FHA, 3.5% down Least cash to close
$1,353
$5,453
$152,978
7.18%
FHA MIP · $69
$10,127
580
Conventional, 5% down
$1,325
$7,790
$148,010
7.18%
PMI · $74
$12,464
620*
Conventional, 20% down, no PMI
$1,092
$31,160
$124,640
7.18%
None
$35,834
620*
ITIN, 15% down (example)
$1,236
$23,370
$132,430
8.18%
None
$28,044
Set by the lender
The option that asks for the least cash to close is FHA, 3.5% down.
Cash to close = down payment plus 3% of the price in closing costs (example).
Minimum score: FHA requires 580 or higher for the minimum down payment (HUD Handbook 4000.1). * Fannie Mae requires 620 when a loan is underwritten by hand; its automated system has no fixed minimum.
The ITIN row is an example with a rate 1 percentage point higher: ITIN loans follow no federal rule and each lender sets its own down payment and rate. Nothing in this table promises an approval.
Typical rent in Eaton Rapids is $972 a month: 11% below the county. In Eaton Rapids, 61% of renter households pay 30% or more of their income in rent.
HUD publishes a fair market rent for all of Eaton County, by unit size. To pay the 2-bedroom one ($1,323 a month) without spending more than 30% of your income, you would need to earn $25.44 an hour working full time.
What you need to earn to pay it without spending more than 30% of income, working full time.
HUD fair market rent in Eaton County (Fiscal year 2027)
Size
Fair rent a month
Hourly wage
Yearly income
Studio
$1,036
$19.92
$41,440
1 bedroom
$1,054
$20.27
$42,160
2 bedrooms
$1,323
$25.44
$52,920
3 bedrooms
$1,685
$32.40
$67,400
4 bedrooms
$1,739
$33.44
$69,560
Includes basic utilities. It isn't the lowest or highest rent: it's a reference point. Source: HUD, Fiscal year 2027
By ZIP code
Fair market rent by ZIP code in Eaton Rapids
HUD also publishes a fair market rent for each ZIP code (Small Area FMR, fiscal year 2027). Eaton Rapids is in ZIP code 48827.
For 2 bedrooms it is $1,250: $73 less than the fair market rent for Eaton County ($1,323).
Fair market rent by ZIP code and size in Eaton Rapids, fiscal year 2027.
ZIP code
Studio
1 bd
2 bd
3 bd
4 bd
48827
$980
$1,000
$1,250
$1,590
$1,640
ZIP code2 bd3 bd
48827 $1,250$1,590
1 of these ZIP codes crosses the city line: HUD sets the rent by ZIP code, not by city. A ZIP code counts for Eaton Rapids when at least 50% of its land is inside the city or it covers at least 15% of the city (Census 2020 boundaries). Source: Small Area Fair Market Rents (HUD)Fiscal year 2027Small Area Fair Market Rents (HUD) (external site)Source: Census Bureau ZCTA-to-place relationship fileData from 2020 dataCensus Bureau ZCTA-to-place relationship file (external site)
You do not have to do this alone. A HUD-approved housing counseling agency helps for free or at low cost: getting ready to buy, understanding your credit, or solving a problem with your rent.
There are 2 HUD-approved agencies with an office in Eaton County; 1 says it serves in Spanish.
No down payment, repair or rent-help program on our list is for Eaton Rapids or Eaton County. The ones below are statewide in Michigan: they work in Eaton Rapids the same as in the rest of the state.
Michigan state agency loan of up to $10,000, with no interest and no monthly payments, for the down payment, closing costs and prepaid expenses; it goes with MSHDA's MI Home Loan mortgage and is repaid in certain cases, such as when you pay off the first mortgage, sell or refinance the home, or no longer live in it.Offered by Michigan State Housing Development Authority (MSHDA).
Michigan state authority certificate that lets you take 20% of the interest you pay each year on your mortgage off your federal taxes, for the life of the loan; you apply with an approved lender before you buy.Offered by Michigan State Housing Development Authority (MSHDA).
The HUD-approved agencies closest to the center of Eaton Rapids, in a straight line, nearest first. If one says it serves in Spanish, its card says so.
No legal help resource on our list is for Eaton Rapids or Eaton County in particular.
If you have a problem with your landlord, an eviction notice or a scam, the Legal Services Corporation (LSC) search shows the free legal aid offices that serve your area.
Short answers with the numbers for Eaton Rapids and all of Eaton County. If your case is different, a HUD-approved counseling agency can guide you for free or at low cost.
How much does a typical home cost in Eaton Rapids?
The typical home value in Eaton Rapids is $155,800, according to the U.S. Census Bureau (average 2020–2024). For comparison, in Eaton County it is $216,900.
How much does it cost to rent in Eaton Rapids?
Typical rent in Eaton Rapids is $972 a month, according to the U.S. Census Bureau. HUD’s fair market rent for 2 bedrooms in Eaton County is $1,323.
What is the FHA loan limit in Eaton Rapids?
Eaton Rapids uses the FHA limit for all of Eaton County (2026): $541,287 for a one-unit home and $1,041,125 for a four-unit home.
How much property tax do owners pay in Eaton Rapids?
The typical homeowner in Eaton Rapids pays $2,199 a year, according to the U.S. Census Bureau. That is 1.41% of the home’s value; in Eaton County, the rate is 1.41%.
Where can I find free help to buy or rent in Eaton Rapids?
There are 2 HUD-approved counseling agencies with an office in Eaton County. 1 says it serves in Spanish. They can help you get ready to buy, with your credit, or with rent.
