HomeMichiganAntrim CountyElk Rapids
Elk Rapids, Michigan: commercial real estate data.
Elk Rapids is a Census village of 1,624 people across 1.65 square miles of land, in Antrim County. Median household income is $70,938, 75.2 percent of occupied homes are owned, and the SBA record carries 11 7(a) approvals to borrowers here worth $9.3 m since FY2020.
Underlined figures are computed by MMCG Analytics, not published by the agency.
Elk Rapids
What Elk Rapids is
- Census place typevillage
- Land area1.65 sq mi
- Water area0.36 sq mi
- Population per square mile of land984
- County holding the largest share of its areaAntrim County, 100.0 percent
US Census Bureau, cartographic boundary file, places, 2024 vintage. US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elk Rapids
How many people live in Elk Rapids
- Population1,624
- Median age57.7
- Population under 18202 plus or minus 57
- Share under 1812.4 percent plus or minus 3.1
- Population 65 and over570
- Share 65 and over35.1 percent
- Households898
- Family households453
- Share of households that are families50.4 percent
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elk Rapids
Income and work in Elk Rapids
- Median household income$70,938
- Per capita income$51,144
- Civilian labor force840
- Employed829
- Unemployed11 plus or minus 16
- Unemployment rate1.3 percent plus or minus 1.9
- Adults 25 and over1,334
- Adults 25 and over with a high school diploma or higher98.0 percent
- Adults 25 and over with a bachelor degree or higher45.4 percent
- Adults 25 and over with a graduate degree15.0 percent plus or minus 4.0
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elk Rapids
Housing in Elk Rapids
- Housing units1,297
- Occupied units898
- Vacant units399 plus or minus 98
- Vacancy rate30.8 percent plus or minus 6.4
- Owner occupied675
- Renter occupied223 plus or minus 91
- Ownership rate75.2 percent
- Median owner-occupied home value$393,400
- Median gross rent, monthly$1,056 plus or minus $358
- Annual rent as a share of median income17.9 percent plus or minus 6.9
- Single family units886
- Share single family68.3 percent
- Units in buildings of two or more357 plus or minus 124
- Share in buildings of two or more27.5 percent plus or minus 8.9
- Mobile homes54 plus or minus 29
- Median year structure built1971
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elk Rapids
How Elk Rapids gets to work
- Workers 16 and over who commute715 plus or minus 156
- Commuting under 15 minutes293 plus or minus 104
- Share commuting under 15 minutes41.0 percent plus or minus 11.5
- Commuting 30 minutes or more188 plus or minus 56
- Share commuting 30 minutes or more26.3 percent plus or minus 5.3
- Drove alone75.1 percent plus or minus 21.0
- Carpooled1.2 percent plus or minus 1.3
- Public transport0.0 percent
- Walked10.3 percent plus or minus 10.3
- Worked from home11.5 percent plus or minus 5.5
US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
Elk Rapids
SBA loans in Elk Rapids (7(a))
- Approvals11
- Gross approval$9,301,900
- Average approval$845,627
- Median approval$350,000
- Largest approval$2,400,000
- Jobs supported121
- Jobs per approval11.0
- Loans with a final outcome2
- Paid in full2
- Charged off0
- Median term120 months
- Share on real estate terms of 20 years or more0.0 percent
- Share to franchises0.0 percent
- Distinct lenders6
- Distinct industries by NAICS8
Counted by borrower city: approvals to borrowers whose address is in Elk Rapids, in any county, FY2020 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 7(a) FOIA release, FY2020 to FY2026 year to date, as of 2026-06-30.
Elk Rapids
SBA loans in Elk Rapids (504)
- Approvals5
- Gross approval$2,688,000
- Average approval$537,600
- Median approval$266,000
- Largest approval$1,123,000
- Jobs supported46
- Loans with a final outcome2
- Charged off0
- Median term240 months
- Distinct CDCs2
Counted by borrower city: approvals to borrowers whose address is in Elk Rapids, in any county, FY2010 to FY2026. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published.
US Small Business Administration, 504 FOIA release, FY2010 to FY2026 year to date, as of 2026-06-30.
Elk Rapids
Flood risk in Elk Rapids
- NFIP communityVillage of Elk Rapids
- NFIP community number260699
- Participating in the NFIPYes
- Community Rating System classNone
- Currently effective map date09/30/88(M)
The Village of Elk Rapids participates in the National Flood Insurance Program as community 260699 and carries no Community Rating System class, so no CRS premium discount applies to it.
Federal Emergency Management Agency, NFIP Community Status Book (OpenFEMA), as of 2026-09-26.
Antrim County, not Elk Rapids
Antrim County context, not Elk Rapids figures
- Establishments in Antrim County625
- Covered employment, Antrim County5,128
- Average annual pay, Antrim County$42,968
- Housing units permitted, Antrim County101
Every figure in this section is published for Antrim County as a whole and is not a measurement of Elk Rapids.
US Census Bureau, County Business Patterns, 2023. US Bureau of Labor Statistics, Quarterly Census of Employment and Wages, 2024 annual averages. US Census Bureau, Building Permits Survey, 2024 annual.
Coverage
What this page does not hold.
Parcel detail, zoning and the flood zone at an address are not on this page; they resolve at the address in the platform. How this page was built →
Common questions
Elk Rapids questions, answered from the record.
How many people live in Elk Rapids, Michigan?
1,624, in 898 households. Elk Rapids village covers 1.65 square miles of land, which is 984 people per square mile. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
What county is Elk Rapids in?
Antrim County, which holds 100.0 percent of the place by area. Source: US Census Bureau, cartographic boundary file, places, 2024 vintage.
What is the median household income in Elk Rapids?
$70,938. The median owner-occupied home is valued at $393,400. Median gross rent is $1,056 per month. Source: US Census Bureau, American Community Survey 5-Year Estimates, place level, 2020-2024 5-year.
How much SBA lending goes to Elk Rapids businesses?
11 7(a) approvals totaling $9.3 m since FY2020, across 6 lenders, median approval $350,000, plus 5 504 approvals worth $2.7 m since FY2010. These count approvals to borrowers whose address is in Elk Rapids, not projects sited inside the place boundary, and they are approvals recorded in the release rather than loans disbursed.
Do SBA loans to Elk Rapids borrowers get paid back?
No rate is published for Elk Rapids. Only 2 loans have reached a final outcome, fewer than the 30 a charge-off rate needs, so no rate is published. The counts are shown instead.
Is Elk Rapids in the National Flood Insurance Program?
Yes. Elk Rapids appears in the FEMA Community Status Book as Elk Rapids, village of, community 260699, with no Community Rating System class, so no CRS discount applies. Whether a specific parcel sits in a mapped special flood hazard area is an address level question the platform answers.
Are the county figures on this page Elk Rapids figures?
No, and they are labeled so. County Business Patterns, QCEW, the Building Permits Survey, BEA product and IRS migration are published for Antrim County as a whole and there is no place level equivalent. They appear in one clearly marked section as context and are never presented as measurements of Elk Rapids.
Is zoning published for Elk Rapids?
No. Nothing on this page presents parcel level zoning.
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