Kentwood, MI—49508
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Kentwood, MI
As of Oct '25, the median home price in Kentwood, MI is $325,000, with a year-over-year change of 2.3%. This indicates that home prices in Kentwood, MI are increasing. According to Zillow, the 1-year price projection is 2.5%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $325,000 | 2.3% |
| Single Family | $331,000 | 2.8% |
| Condos | $251,000 | 4.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $249,000 | 4.2% |
3 Bed | $315,000 | 2.9% |
4 Bed | $356,000 | 2.3% |
| 5 Bed | $386,000 | 1.6% |
% of Housing Stock
Rental Trends — Kentwood, MI
As of July '25, Rentcast reports the average rent in Kentwood, MI is $1,540, with a year-over-year rent change of -9.9%. Per bedroom, the median rent as of July '25 in Kentwood, MI is 1-bedrooms: $1,100, 2-bedrooms: $1,400, 3-bedrooms: $2,100, 4-bedrooms: $2,350. The most common rental property sizes in Kentwood, MI are 2-bedroom and 1-bedroom, accounting for 41.6% and 30.4% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,540 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,010 | $1,100 |
| 2 Bed Rent | $1,300 | $1,400 |
| 3 Bed Rent | $2,200 | $2,100 |
| 4 Bed Rent | $1,900 | $2,350 |
% of Rental Stock
Property Listings — Kentwood, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Kentwood, MI is 30. This is a increase of 1.0% from last year, suggesting that homes are sitting on the market about the same amount of time than last year. The percentage of listed homes with a reduced price is 30.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $350,000 | 7.0% |
Listing Count | 88 | 14.0% |
| Listings as % of Homes | 0.3% | 14.0% |
Days on Market | 30 | 1.0% |
Demographics — Kentwood, MI
As of the latest ACS Survey released in 2023, Kentwood, MI has a population of 41,900, which has increased by 2.7% over the past 5 years. Kentwood, MI is a popular place for families, as children make up 26.1% of the population. The area has a moderately educated workforce, with 33.2% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 10.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 41,900 | 2.7% |
% Under 18 | 26.1% | 6.1% |
% Seniors | 15.9% | 16.9% |
% WFH | 10.8% | 285.7% |
% w/ College Degree | 33.2% | 6.1% |
As of the latest ACS Survey released in 2023, Kentwood, MI is a predominantly white area, with 48.2% of the population identifying as white. The white population has shrunk by 11.1% in the last 5 years. The second most common race or ethnicity in Kentwood, MI is black, making up 25.0% of the population. Foreign-born residents account for 19.1% of the population in Kentwood, MI, and this percentage has increased by 15.8% 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 | 48.2% | -11.1% |
% Black | 25.0% | 2.9% |
% Hispanic | 11.0% | 54.9% |
% Asian | 10.5% | 6.1% |
% Foreign Born | 19.1% | 15.8% |
Mortgage and Risk — Kentwood, MI
According to HUD data as of 2023, there were 778 mortgage originations in Kentwood, MI, of which 86.0% of loans were conventional mortgages. The average loan-to-value was 59.0%, with 25.0% above 90% LTV (very high). This implies large mortgage risk in Kentwood, MI. Investor activity is low, as 2.0% of loans were by investors. 13.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 778 |
% Conventional Loans | 86.0% |
% Government Loans | 14.0% |
% Investor Loans | 2.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 13.0% |
Loan Activity
Rentals and Section 8 — Kentwood, MI
As of 2024, the percent of homes in Kentwood, MI under the Section 8 program is 20.5%. This is considered high, suggesting that the neighborhood is heavily composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. 1-bedroom and 2-bedroom and 4-bedroom units appear to be good home sizes to consider for Section 8 housing in Kentwood, MI, because HUD payments exceed market rent, while 3-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 1,268 |
Total Units Section 8 | 1,223 |
% Rentals under Section 8 | 20.5% |
% Occupied Section 8 | 91.5% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $130 | $1,010 | $1,140 |
| 2 Bedroom | $60 | $1,300 | $1,360 |
| 3 Bedroom | -$430 | $2,200 | $1,770 |
| 4 Bedroom | $40 | $1,900 | $1,940 |
Affordability — Kentwood, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $325,000 |
| Median Household Income | $65,300 |