The housing market in Grand Rapids charter township, MI is thriving with a median value of $487,500, which is significantly higher than the US House Median Value of $338,100. Furthermore, the 1 year house appreciation rate in Grand Rapids charter township, MI is 11.54%, furthering its lead ahead of the US 1 year House Appreciation rate of 8.27%. This demonstrates that the housing market in this area has been growing quickly and is a strong investment for those looking to purchase a home.
The median home cost in Grand Rapids charter is $487,500. Home appreciation the last 10 years has been 153.3%. Home Appreciation in Grand Rapids charter is up 15.3%.
Average Age of Homes
- The median age of Grand Rapids charter real estate is 31 years old
The Rental Market in Grand Rapids charter
- Renters make up 11.7% of the Grand Rapids charter population
- 0.7% of houses and apartments in Grand Rapids charter, 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.