Zip 49506 (Grand Rapids, MI) Housing

Grand Rapids, MI has a median housing value of $359,100 which is higher than the US median housing value of $338,100. The house appreciation in Grand Rapids was also higher than the national average within the last year with an 11.49% increase compared to the 8.27% increase nationwide. Overall, Grand Rapids is in a healthy housing market and has seen steady appreciation over the last year.

The median home cost in Grand Rapids (zip 49506) is $359,100. Home appreciation the last 10 years has been 155.1%. Home Appreciation in Grand Rapids (zip 49506) is up 15.2%.

Average Age of Homes

- The median age of Grand Rapids (zip 49506) real estate is 65 years old

The Rental Market in Grand Rapids (zip 49506)

- Renters make up 24.2% of the Grand Rapids (zip 49506) population
- 1.9% of houses and apartments in Grand Rapids (zip 49506), 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
	13,170.0	139,647,020.0
	68	42
	$359,100	$338,100
	15.2%	16.6%
	69.9%	57.0%
	155.1%	101.1%
	$13.67	$10.98
	$3,710	$2,690
	71.7%	57.4%
	5.4%	11.2%
	22.9%	31.4%
Vacant Housing
	1.9%	1.9%
	0.0%	0.4%
	1.1%	0.7%
	0.2%	0.4%
	0.2%	3.6%
	2.1%	4.1%
Value of Owner-Occupied Housing
	1.4%	2.6%
	0.5%	2.4%
	0.7%	2.8%
	0.8%	3.9%
	1.8%	4.5%
	8.8%	11.3%
	15.3%	13.0%
	27.9%	20.1%
	16.0%	13.6%
	11.4%	8.3%
	9.3%	9.7%
	2.5%	3.9%
	2.4%	2.2%
	0.3%	0.8%
	0.7%	1.1%
Housing Units by Year Structure Built
	0.1%	0.2%
	2.0%	13.6%
	2.0%	13.6%
	3.4%	13.6%
	3.7%	13.2%
	8.7%	14.8%
	3.4%	13.6%
	22.4%	10.0%
	8.1%	4.7%
	36.3%	12.2%