Grand Rapids, MI—49505
Real Estate Data & Market Trends
Key Metrics at a Glance
Median Home Value
$288,000
1.1% YoY Growth
Household Income
$71,700
45.4% YoY Growth
Days on Market
47
10.0% Shorter YoY
Home Price Forecast
3.2%
Median Rent
$1,700
0.6% YoY Growth
1-Bed Rent
$1,090
12.7% YoY Growth
2-Bed Rent
$1,300
4.6% YoY Growth
3-Bed Rent
$1,900
3.1% YoY Growth
Home Price Trends — Grand Rapids, MI
As of Dec '25, the median home price in Grand Rapids, MI is $288,000, with a year-over-year change of 1.1%. This indicates that home prices in Grand Rapids, MI are increasing. According to Zillow, the 1-year price projection is 3.2%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $288,000 | 1.1% |
| Single Family | $283,000 | 1.4% |
| Condos | $348,000 | 3.0% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed |