The housing market in Grand Rapids, MI (49503) is currently doing quite well compared to the national median. The median value of homes in 49503 is $229,300, which is significantly lower than the US median of $338,100. However, when it comes to appreciation, the situation is reversed. In the past year alone, US home values appreciated 8.27%, while Grand Rapids saw an 11.49% appreciation in home values--quite impressive! This trend shows that Grand Rapids is a strong contender for potential homeowners looking to invest in an appreciating housing market.
The median home cost in Grand Rapids (zip 49503) is $229,300. Home appreciation the last 10 years has been 155.1%. Home Appreciation in Grand Rapids (zip 49503) is up 15.2%.
Average Age of Homes
- The median age of Grand Rapids (zip 49503) real estate is 78 years old
The Rental Market in Grand Rapids (zip 49503)
- Renters make up 53.6% of the Grand Rapids (zip 49503) population
- 2.2% of houses and apartments in Grand Rapids (zip 49503), 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.