Grandville, MI—49418
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Grandville, MI
As of Oct '25, the median home price in Grandville, MI is $368,000, with a year-over-year change of 3.6%. This indicates that home prices in Grandville, MI are increasing. According to Zillow, the 1-year price projection is 2.3%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $368,000 | 3.6% |
| Single Family | $379,000 | 3.8% |
| Condos | $310,000 | 2.3% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $289,000 | 2.1% |
3 Bed | $357,000 | 3.5% |
4 Bed | $416,000 | 2.7% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Grandville, MI
As of July '25, Rentcast reports the average rent in Grandville, MI is $2,080, with a year-over-year rent change of 5.1%. Per bedroom, the median rent as of July '25 in Grandville, MI is studios: $1,020, 1-bedrooms: $1,510, 2-bedrooms: $1,610, 3-bedrooms: $2,090, 4-bedrooms: $3,050. The most common rental property sizes in Grandville, MI are 2-bedroom and 1-bedroom, accounting for 56.6% and 24.9% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,000 | $2,080 |
| Studio Rent | $1,020 | $1,020 |
| 1 Bed Rent | $1,560 | $1,510 |
| 2 Bed Rent | $1,300 | $1,610 |
| 3 Bed Rent | $2,100 | $2,090 |
| 4 Bed Rent | $2,900 | $3,050 |
% of Rental Stock
Property Listings — Grandville, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Grandville, MI is 43. This is a increase of 10.0% 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 | $421,000 | 9.0% |
Listing Count | 75 | -25.0% |
| Listings as % of Homes | 0.4% | -25.0% |
Days on Market | 43 | 10.0% |
Demographics — Grandville, MI
As of the latest ACS Survey released in 2023, Grandville, MI has a population of 30,900, which has increased by 8.9% over the past 5 years. Grandville, MI is a moderately popular place for families, as children make up 20.7% of the population. The area has a moderately educated workforce, with 39.9% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 14.4% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 30,900 | 8.9% |
% Under 18 | 20.7% | -15.9% |
% Seniors | 16.2% | 3.8% |
% WFH | 14.4% | 336.4% |
% w/ College Degree | 39.9% | 18.4% |
As of the latest ACS Survey released in 2023, Grandville, MI is a predominantly white area, with 79.4% of the population identifying as white. The white population has shrunk by 6.7% in the last 5 years. The second most common race or ethnicity in Grandville, MI is hispanic, making up 7.2% of the population. Foreign-born residents account for 6.0% of the population in Grandville, MI, and this percentage has increased by 11.1% as of the ACS Survey 5 years prior, suggesting more immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 79.4% | -6.7% |
% Black | 4.9% | 226.7% |
% Hispanic | 7.2% | 2.9% |
% Asian | 3.5% | 16.7% |
% Foreign Born | 6.0% | 11.1% |
Mortgage and Risk — Grandville, MI
According to HUD data as of 2023, there were 639 mortgage originations in Grandville, MI, of which 92.0% of loans were conventional mortgages. The average loan-to-value was 56.0%, with 19.0% above 90% LTV (elevated). This implies medium mortgage risk in Grandville, MI. Investor activity is low, as 1.0% of loans were by investors. 11.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 639 |
% Conventional Loans | 92.0% |
% Government Loans | 8.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Grandville, MI
As of 2024, the percent of homes in Grandville, MI under the Section 8 program is 6.0%. 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 Grandville, 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 | 236 |
Total Units Section 8 | 236 |
% Rentals under Section 8 | 6.0% |
% Occupied Section 8 | 86.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$380 | $1,560 | $1,180 |
| 2 Bedroom | $100 | $1,300 | $1,400 |
| 3 Bedroom | -$280 | $2,100 | $1,820 |
| 4 Bedroom | -$890 | $2,900 | $2,010 |
Affordability — Grandville, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.9 |
| Median Home Price | $368,000 |
| Median Household Income | $83,500 |