Grand Rapids, MI is a great place to find a home. The median housing value in the city is $247,900, which is much lower than the US House Median Value of $338,100. In addition, Grand Rapids has seen an impressive 11.48% appreciation in housing prices over the past year, compared to 8.27% nationally. This rapid appreciation combined with more affordable prices makes Grand Rapids an ideal choice for potential homebuyers who are looking for a great investment or starter home.
The median home cost in Grand Rapids is $247,900. Home appreciation the last 10 years has been 155.1%. Home Appreciation in Grand Rapids is up 15.2%.
Average Age of Homes
- The median age of Grand Rapids real estate is 65 years old
The Rental Market in Grand Rapids
- Renters make up 40.6% of the Grand Rapids population
- 1.7% of houses and apartments in Grand Rapids, 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.