Zip 49503 (Grand Rapids, MI) Housing

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.

Median Monthly Rent by Number of Bedrooms

Housing by Year Built

Housing	Grand Rapids, Michigan	United States
	17,904.0	139,647,020.0
	46	42
	$229,300	$338,100
	15.2%	16.6%
	69.9%	57.0%
	155.1%	101.1%
	$10.81	$10.98
	$1,872	$2,690
	35.6%	57.4%
	9.0%	11.2%
	55.5%	31.4%
Vacant Housing
	2.2%	1.9%
	1.5%	0.4%
	0.8%	0.7%
	0.2%	0.4%
	0.9%	3.6%
	3.3%	4.1%
Value of Owner-Occupied Housing
	1.2%	2.6%
	2.9%	2.4%
	4.9%	2.8%
	3.8%	3.9%
	7.8%	4.5%
	18.9%	11.3%
	21.5%	13.0%
	22.8%	20.1%
	9.0%	13.6%
	2.7%	8.3%
	2.9%	9.7%
	0.7%	3.9%
	0.3%	2.2%
	0.4%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.0%	0.2%
	4.0%	13.6%
	4.0%	13.6%
	5.6%	13.6%
	3.9%	13.2%
	4.9%	14.8%
	5.6%	13.6%
	9.7%	10.0%
	5.0%	4.7%
	53.3%	12.2%

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