Zip 49507 (Grand Rapids, MI) Housing

The housing market in Grand Rapids, MI (49507) is booming. According to recent data, the median value of homes in this area is $191,600, which is significantly lower than the US house median value of $338,100. On top of that, housing appreciation over the past year in Grand Rapids has been 11.49%, much higher than the US average of 8.27%. These figures indicate that now is a great time to invest in the Grand Rapids housing market as prices are low and appreciation rates are soaring.

The median home cost in Grand Rapids (zip 49507) is $191,600. Home appreciation the last 10 years has been 155.1%. Home Appreciation in Grand Rapids (zip 49507) is up 15.2%.

Average Age of Homes

- The median age of Grand Rapids (zip 49507) real estate is 73 years old

The Rental Market in Grand Rapids (zip 49507)

- Renters make up 37.5% of the Grand Rapids (zip 49507) population
- 0.7% of houses and apartments in Grand Rapids (zip 49507), 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
	13,406.0	139,647,020.0
	77	42
	$191,600	$338,100
	15.2%	16.6%
	69.9%	57.0%
	155.1%	101.1%
	$11.02	$10.98
	$1,496	$2,690
	57.6%	57.4%
	5.1%	11.2%
	37.3%	31.4%
Vacant Housing
	0.7%	1.9%
	0.0%	0.4%
	0.6%	0.7%
	0.1%	0.4%
	0.3%	3.6%
	3.2%	4.1%
Value of Owner-Occupied Housing
	1.9%	2.6%
	2.2%	2.4%
	5.5%	2.8%
	10.7%	3.9%
	11.9%	4.5%
	27.9%	11.3%
	25.0%	13.0%
	10.7%	20.1%
	2.1%	13.6%
	1.2%	8.3%
	0.5%	9.7%
	0.2%	3.9%
	0.0%	2.2%
	0.1%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	3.9%	13.6%
	3.9%	13.6%
	1.7%	13.6%
	1.9%	13.2%
	3.8%	14.8%
	1.7%	13.6%
	16.8%	10.0%
	19.8%	4.7%
	42.4%	12.2%

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