Grand Rapids-Kentwood Metro Area, MI Housing

The housing market in the Grand Rapids-Wyoming, MI Metro Area is performing better than the national average. The median value of a house is $281,400, which is quite a bit lower than the national median value of $338,100. Over the past year, this area has seen an impressive 13.82% appreciation rate of housing compared to the 8.27% national rate. This indicates that it is a desirable area for potential buyers, as homes here are expected to increase in value more quickly than the national average.

The median home cost in Grand Rapids-Kentwood Metro Area is $281,400. Home appreciation the last 10 years has been 132.7%. Home Appreciation in Grand Rapids-Kentwood Metro Area is up 15.5%.

Average Age of Homes

- The median age of Grand Rapids-Kentwood Metro Area real estate is 41 years old

The Rental Market in Grand Rapids-Kentwood Metro Area

- Renters make up 25.0% of the Grand Rapids-Kentwood Metro Area population
- 1.0% of houses and apartments in Grand Rapids-Kentwood Metro Area, 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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Grand Rapids-Kentwood, Michigan	United States
	428,460.0	139,647,020.0
	43	42
	$281,400	$338,100
	15.5%	16.6%
	64.2%	57.0%
	132.7%	101.1%
	$12.79	$10.98
	$2,619	$2,690
	69.3%	57.4%
	5.8%	11.2%
	24.8%	31.4%
Vacant Housing
	1.0%	1.9%
	0.3%	0.4%
	0.4%	0.7%
	0.3%	0.4%
	2.1%	3.6%
	1.8%	4.1%
Value of Owner-Occupied Housing
	3.1%	2.6%
	2.1%	2.4%
	2.1%	2.8%
	2.6%	3.9%
	4.1%	4.5%
	14.6%	11.3%
	20.3%	13.0%
	27.4%	20.1%
	12.2%	13.6%
	5.7%	8.3%
	3.6%	9.7%
	1.1%	3.9%
	0.7%	2.2%
	0.2%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.2%	0.2%
	12.6%	13.6%
	12.6%	13.6%
	15.8%	13.6%
	11.3%	13.2%
	13.6%	14.8%
	15.8%	13.6%
	10.0%	10.0%
	5.1%	4.7%
	15.2%	12.2%

Reviews for Grand Rapids-Kentwood

See all (0)

Write a Review

Start Your Review of Grand Rapids-Kentwood

Commute