Grand Rapids, MI has a median housing value of $359,100 which is higher than the US median housing value of $338,100. The house appreciation in Grand Rapids was also higher than the national average within the last year with an 11.49% increase compared to the 8.27% increase nationwide. Overall, Grand Rapids is in a healthy housing market and has seen steady appreciation over the last year.
The median home cost in Grand Rapids (zip 49506) is $359,100. Home appreciation the last 10 years has been 155.1%. Home Appreciation in Grand Rapids (zip 49506) is up 15.2%.
Average Age of Homes
- The median age of Grand Rapids (zip 49506) real estate is 65 years old
The Rental Market in Grand Rapids (zip 49506)
- Renters make up 24.2% of the Grand Rapids (zip 49506) population
- 1.9% of houses and apartments in Grand Rapids (zip 49506), 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.