Zip 49505 (Grand Rapids, MI) Housing

Housing in Grand Rapids, MI (49505) is quite a healthy market with the median value currently at $244,000. This is significantly lower than the national median value of $338,100 and presents an attractive opportunity for those looking to buy or invest in a home in this area. In addition, over the past year the housing appreciation rate has been 11.49%, which is higher than the national rate of 8.27%. This indicates that Grand Rapids housing prices are on an upward trajectory and could be a great place to invest in real estate.

The median home cost in Grand Rapids (zip 49505) is $244,000. Home appreciation the last 10 years has been 155.1%. Home Appreciation in Grand Rapids (zip 49505) is up 15.2%.

Average Age of Homes

- The median age of Grand Rapids (zip 49505) real estate is 60 years old

The Rental Market in Grand Rapids (zip 49505)

- Renters make up 34.1% of the Grand Rapids (zip 49505) population
- 0.5% of houses and apartments in Grand Rapids (zip 49505), 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, Michigan	United States
	14,033.0	139,647,020.0
	64	42
	$244,000	$338,100
	15.2%	16.6%
	69.9%	57.0%
	155.1%	101.1%
	$12.76	$10.98
	$2,145	$2,690
	63.1%	57.4%
	3.3%	11.2%
	33.6%	31.4%
Vacant Housing
	0.5%	1.9%
	0.0%	0.4%
	0.1%	0.7%
	0.1%	0.4%
	0.4%	3.6%
	2.2%	4.1%
Value of Owner-Occupied Housing
	0.9%	2.6%
	0.8%	2.4%
	0.7%	2.8%
	2.7%	3.9%
	4.7%	4.5%
	26.2%	11.3%
	33.0%	13.0%
	23.5%	20.1%
	5.1%	13.6%
	1.7%	8.3%
	0.6%	9.7%
	0.0%	3.9%
	0.1%	2.2%
	0.0%	0.8%
	0.2%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	7.0%	13.6%
	7.0%	13.6%
	7.8%	13.6%
	8.5%	13.2%
	7.9%	14.8%
	7.8%	13.6%
	21.0%	10.0%
	10.8%	4.7%
	25.3%	12.2%

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