Zip 49504 (Grand Rapids, MI) Housing

The housing market in Grand Rapids, MI (zip code 49504) is thriving. The median value of a home in the area is $234,500, which is slightly lower than the national median of $338,100. Despite this discrepancy, the area has seen an appreciation rate of 11.49% over the past year - significantly higher than the national average of 8.27%. This makes Grand Rapids a great place to invest in real estate or purchase a new home as values are likely to keep rising and return on investment will be solid.

The median home cost in Grand Rapids (zip 49504) is $234,500. Home appreciation the last 10 years has been 155.1%. Home Appreciation in Grand Rapids (zip 49504) is up 15.2%.

Average Age of Homes

- The median age of Grand Rapids (zip 49504) real estate is 71 years old

The Rental Market in Grand Rapids (zip 49504)

- Renters make up 35.2% of the Grand Rapids (zip 49504) population
- 2.5% of houses and apartments in Grand Rapids (zip 49504), 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
	18,332.0	139,647,020.0
	71	42
	$234,500	$338,100
	15.2%	16.6%
	69.9%	57.0%
	155.1%	101.1%
	$12.84	$10.98
	$2,160	$2,690
	53.4%	57.4%
	9.8%	11.2%
	36.8%	31.4%
Vacant Housing
	2.5%	1.9%
	0.6%	0.4%
	0.8%	0.7%
	0.0%	0.4%
	0.9%	3.6%
	4.9%	4.1%
Value of Owner-Occupied Housing
	1.4%	2.6%
	2.3%	2.4%
	1.7%	2.8%
	2.3%	3.9%
	7.6%	4.5%
	20.4%	11.3%
	33.7%	13.0%
	22.0%	20.1%
	6.2%	13.6%
	1.6%	8.3%
	0.8%	9.7%
	0.0%	3.9%
	0.2%	2.2%
	0.0%	0.8%
	0.0%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	7.1%	13.6%
	7.1%	13.6%
	5.6%	13.6%
	3.7%	13.2%
	9.0%	14.8%
	5.6%	13.6%
	12.3%	10.0%
	7.6%	4.7%
	42.4%	12.2%

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