Housing in Grand Rapids, Michigan
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| Median Home Age | 58.2 | 35.1 |
| Median Home Cost | $90,300 | $153,800 |
| Home Appreciation | 2.45% | 1.62% |
| Homes Owned | 50.10% | 57.69% |
| Housing Vacant | 10.53% | 11.38% |
| Homes Rented | 39.36% | 30.93% |
| Property Tax Rate | $12.38 | $11.20 |
OWNER-OCCUPIED HOUSING UNITS BY VALUE
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| Less Than $20,000 | 1.19% | 2.72% |
| $20,000 to $39,999 | 4.67% | 4.03% |
| $40,000 to $59,999 | 14.91% | 5.58% |
| $60,000 to $79,999 | 19.86% | 7.09% |
| $80,000 to $99,999 | 20.79% | 8.80% |
| $100,000 to $149,999 | 28.28% | 21.26% |
| $150,000 to $199,999 | 6.32% | 14.87% |
| $200,000 to $299,999 | 2.89% | 16.82% |
| $300,000 to $399,999 | 0.59% | 7.83% |
| $400,000 to $499,999 | 0.17% | 4.04% |
| $500,000 to $749,999 | 0.17% | 4.05% |
| $750,000 to $999,999 | 0.15% | 1.26% |
| $1,000,000 or more | 0.00% | 1.64% |
HOUSING UNITS BY YEAR STRUCTURE BUILT
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| 1999 to 2005 | 4.50% | 13.71% |
| 1995 to 1998 | 5.81% | 14.31% |
| 1990 to 1994 | 5.81% | 14.31% |
| 1980 to 1989 | 6.56% | 13.87% |
| 1970 to 1979 | 8.47% | 16.17% |
| 1960 to 1969 | 11.41% | 11.70% |
| 1950 to 1959 | 16.24% | 11.08% |
| 1940 to 1949 | 10.77% | 6.02% |
| 1939 or Earlier | 36.25% | 13.15% |
The median home value in Grand Rapids, MI, is $90,300. Home appreciation is 2.45% over the last year. The median age of Grand Rapids, MI, real estate is 58 years.
Grand Rapids, MI Apartments and Rentals
Renters make up 39.36% of the Grand Rapids, MI, population. 10.53% of houses and apartments in Grand Rapids, MI, are unoccupied (vacancy rate).
Grand Rapids Housing SperlingViews
Spring Market: The market is finally picking... (read more)GR is pretty nice: Grand Rapids is a great city to live in. It's fairly afforable. I'm a recent college graduate and I have a job that allows me to have my own place, car and a little... (read more)re: Too Many Religious Conservatives Here - 8/8/20: Having lived overseas as a child and in Hawaii (the most diverse state in the Union), being a bi-racial woman in my late thirties is difficult in G.R. at times. It is a... (read more)Have an opinion about Grand Rapids? Leave a commentTo See All SperlingViews for Grand Rapids Click Here
