Grand Haven, MI—49417
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grand Haven, MI
As of Oct '25, the median home price in Grand Haven, MI is $386,000, with a year-over-year change of 3.6%. This indicates that home prices in Grand Haven, MI are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $386,000 | 3.6% |
| Single Family | $389,000 | 3.5% |
| Condos | $357,000 | 1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $288,000 | 1.4% |
2 Bed | $307,000 | 2.7% |
3 Bed | $363,000 | 4.3% |
4 Bed | $458,000 | 4.1% |
| 5 Bed | $579,000 | 3.4% |
% of Housing Stock
Rental Trends — Grand Haven, MI
As of July '25, Rentcast reports the average rent in Grand Haven, MI is $1,540, with a year-over-year rent change of -11.5%. Per bedroom, the median rent as of July '25 in Grand Haven, MI is 1-bedrooms: $1,120, 2-bedrooms: $1,290, 3-bedrooms: $1,850, 4-bedrooms: $2,450. The most common rental property sizes in Grand Haven, MI are 2-bedroom and 3-bedroom, accounting for 53.4% and 18.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,500 | $1,540 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,200 | $1,120 |
| 2 Bed Rent | $1,000 | $1,290 |
| 3 Bed Rent | $1,800 | $1,850 |
| 4 Bed Rent | $2,600 | $2,450 |
% of Rental Stock
Property Listings — Grand Haven, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Grand Haven, MI is 50. This is a increase of 14.0% 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 33.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $426,000 | -5.0% |
Listing Count | 144 | 7.0% |
| Listings as % of Homes | 0.5% | 7.0% |
Days on Market | 50 | 14.0% |
Demographics — Grand Haven, MI
As of the latest ACS Survey released in 2023, Grand Haven, MI has a population of 33,300, which has increased by 6.2% over the past 5 years. Grand Haven, MI is a moderately popular place for families, as children make up 22.5% of the population. The area has a moderately educated workforce, with 37.6% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 11.5% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,300 | 6.2% |
% Under 18 | 22.5% | 3.2% |
% Seniors | 21.2% | 26.2% |
% WFH | 11.5% | 187.5% |
% w/ College Degree | 37.6% | 3.6% |
As of the latest ACS Survey released in 2023, Grand Haven, MI is a predominantly white area, with 88.9% of the population identifying as white. The white population has shrunk by 4.2% in the last 5 years. The second most common race or ethnicity in Grand Haven, MI is hispanic, making up 4.9% of the population. Foreign-born residents account for 2.9% of the population in Grand Haven, MI, and this percentage has decreased by 21.6% 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 | 88.9% | -4.2% |
% Black | 0.6% | 200.0% |
% Hispanic | 4.9% | 19.5% |
% Asian | 2.2% | 69.2% |
% Foreign Born | 2.9% | -21.6% |
Mortgage and Risk — Grand Haven, MI
According to HUD data as of 2023, there were 879 mortgage originations in Grand Haven, MI, of which 91.0% of loans were conventional mortgages. The average loan-to-value was 52.0%, with 17.0% above 90% LTV (elevated). This implies medium mortgage risk in Grand Haven, MI. Investor activity is low, as 1.0% of loans were by investors. 12.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 879 |
% Conventional Loans | 91.0% |
% Government Loans | 9.0% |
% Investor Loans | 1.0% |
% Second Loans | 3.0% |
% Cash Out Refinance | 12.0% |
Loan Activity
Rentals and Section 8 — Grand Haven, MI
As of 2024, the percent of homes in Grand Haven, MI under the Section 8 program is 5.0%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 2-bedroom units appear to be good home sizes to consider for Section 8 housing in Grand Haven, MI, because HUD payments exceed market rent, while 1-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 148 |
Total Units Section 8 | 148 |
% Rentals under Section 8 | 5.0% |
% Occupied Section 8 | 93.8% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$70 | $1,200 | $1,130 |
| 2 Bedroom | $290 | $1,000 | $1,290 |
| 3 Bedroom | -$140 | $1,800 | $1,660 |
| 4 Bedroom | -$720 | $2,600 | $1,880 |
Affordability — Grand Haven, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.3 |
| Median Home Price | $386,000 |
| Median Household Income | $84,500 |