Grand Rapids, OH—43522
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grand Rapids, OH
As of Oct '25, the median home price in Grand Rapids, OH is $244,000, with a year-over-year change of 3.2%. This indicates that home prices in Grand Rapids, OH are increasing. According to Zillow, the 1-year price projection is 0.9%, suggesting a relatively flat housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $244,000 | 3.3% |
| Single Family | $247,000 | 3.3% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $201,000 | 5.8% |
3 Bed | $267,000 | 4.7% |
4 Bed | $338,000 | 6.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Grand Rapids, OH
As of July '25, Rentcast reports the average rent in Grand Rapids, OH is $1,000, with a year-over-year rent change of -16.7%. Per bedroom, the median rent as of July '25 in Grand Rapids, OH is 1-bedrooms: $1,200, 2-bedrooms: $800. The most common rental property sizes in Grand Rapids, OH are 3-bedroom and 2-bedroom, accounting for 48.7% and 27.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $800 | $1,000 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,200 |
| 2 Bed Rent | $800 | $800 |
| 3 Bed Rent | N/A | N/A |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Grand Rapids, OH
As of Oct '25, Realtor.com reports that the median days on market for a home in Grand Rapids, OH is 25. This is a increase of 41.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 29.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $254,000 | -26.0% |
Listing Count | 7 | 73.0% |
| Listings as % of Homes | 0.4% | 73.0% |
Days on Market | 25 | 41.0% |
Demographics — Grand Rapids, OH
As of the latest ACS Survey released in 2023, Grand Rapids, OH has a population of 3,620, which has increased by 10.0% over the past 5 years. Grand Rapids, OH is a moderately popular place for families, as children make up 20.5% of the population. The area has a poorly educated workforce, with 22.9% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 5.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 3,620 | 10.0% |
% Under 18 | 20.5% | -10.5% |
% Seniors | 16.4% | -17.2% |
% WFH | 5.4% | -20.6% |
% w/ College Degree | 22.9% | -10.2% |
As of the latest ACS Survey released in 2023, Grand Rapids, OH is a predominantly white area, with 88.8% of the population identifying as white. The white population has shrunk by 4.1% in the last 5 years. The second most common race or ethnicity in Grand Rapids, OH is hispanic, making up 9.4% of the population. Foreign-born residents account for 2.9% of the population in Grand Rapids, OH, and this percentage has decreased by 17.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 88.8% | -4.1% |
% Black | 0.7% | 600.0% |
% Hispanic | 9.4% | 100.0% |
% Asian | 0.2% | -86.7% |
% Foreign Born | 2.9% | -17.1% |
Mortgage and Risk — Grand Rapids, OH
According to HUD data as of 2023, there were 148 mortgage originations in Grand Rapids, OH, of which 89.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 18.0% above 90% LTV (elevated). This implies medium mortgage risk in Grand Rapids, OH. Investor activity is low, as 1.0% of loans were by investors. 14.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 148 |
% Conventional Loans | 89.0% |
% Government Loans | 11.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 14.0% |
Loan Activity
Rentals and Section 8 — Grand Rapids, OH
Grand Rapids, OH lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | N/A |
Total Units Section 8 | N/A |
% Rentals under Section 8 | N/A |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$350 | $1,200 | $850 |
| 2 Bedroom | $320 | $800 | $1,120 |
| 3 Bedroom | N/A | N/A | $1,450 |
| 4 Bedroom | N/A | N/A | $1,530 |
Affordability — Grand Rapids, OH
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.7 |
| Median Home Price | $244,000 |
| Median Household Income | $77,100 |