Grand Rapids, MI is a beautiful city that has seen an impressive growth in housing values over the past year. The median value of homes in Grand Rapids is $417,200, while the US median value is $338,100. This means that housing in Grand Rapids is more expensive than the national average. Additionally, the one year appreciation rate of homes in Grand Rapids was 11.49%, compared to 8.27% for the US as a whole, which indicates strong market appreciation and stability in real estate values. With a vibrant downtown area and many cultural amenities nearby, the city of Grand Rapids remains an attractive and stable option for prospective buyers.
The median home cost in Grand Rapids (zip 49546) is $417,200. Home appreciation the last 10 years has been 155.1%. Home Appreciation in Grand Rapids (zip 49546) is up 15.2%.
Average Age of Homes
- The median age of Grand Rapids (zip 49546) real estate is 38 years old
The Rental Market in Grand Rapids (zip 49546)
- Renters make up 28.5% of the Grand Rapids (zip 49546) population
- 0.7% of houses and apartments in Grand Rapids (zip 49546), are available to rent
DID YOU KNOW
Buying a home is the biggest single purchase most people make during their lives. The second largest is most often an automobile.