The housing market in Grand Rapids, MN is thriving. According to recent figures, the median value of a home here is currently $216,000 while the US house median value is $338,100. This shows that Grand Rapids offers more affordable housing than the national average. In addition, Grand Rapids has experienced a 13.08% increase in house values in the past year compared to 8.27% nationally. This speaks to the attractiveness of the city for residents looking for a good investment or place to call home and is indicative of a strong real estate market.
The median home cost in Grand Rapids is $216,000. Home appreciation the last 10 years has been 60.0%. Home Appreciation in Grand Rapids is up 13.2%.
Average Age of Homes
- The median age of Grand Rapids real estate is 45 years old
The Rental Market in Grand Rapids
- Renters make up 36.6% of the Grand Rapids population
- 1.3% 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.