View in Interactive Map

Kentwood, MI—49508

Real Estate Data & Market Trends

Key Metrics at a Glance

Median Home Value
$322,000
2.8% YoY Growth
Household Income
$65,300
17.5% YoY Growth
Days on Market
53
8.0% Longer YoY
Home Price Forecast
3.1%
Median Rent
$1,300
9.9% YoY Growth
1-Bed Rent
$1,010
10.6% YoY Growth
2-Bed Rent
$1,300
9.4% YoY Growth
3-Bed Rent
$2,200
20.0% YoY Growth

Other Zip Codes in Kentwood, MI

495464954849512
  • Home Price Trends
  • Rental Trends
  • Property Listings
  • Demographics
  • Mortgage and Risk

Home Price Trends — Kentwood, MI

As of Dec '25, the median home price in Kentwood, MI is $322,000, with a year-over-year change of 2.8%. This indicates that home prices in Kentwood, MI are increasing. According to Zillow, the 1-year price projection is 3.1%, suggesting an increase housing market in the next year.

Cost per Home Type

Home TypeMedian Home ValueYoY % Change
All Homes
$322,0002.8%
Single Family $327,0003.2%
Condos $249,0005.1%

Cost per Home Size

Home SizeMedian Home ValueYoY % Change
1 Bed
  • Affordability
  • Rentals and Section 8
    • N/A
    N/A
    2 Bed
    		$246,0004.7%
    3 Bed
    		$312,0003.7%
    4 Bed
    		$352,0002.6%
    5 Bed $382,9882.2%
    Loading chart...

    % of Housing Stock

    Studio
    3.2%
    1 Bedroom
    12.4%
    2 Bedrooms
    25.1%
    3 Bedrooms
    39.4%
    4 Bedrooms
    16.4%
    5+ Bedrooms
    3.6%

    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.

    TypeMedian RentAverage Rent
    Average Rent$1,300$1,540
    Studio Rent N/AN/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
    Loading chart...

    % of Rental Stock

    Studio
    6.6%
    1 Bedroom
    30.4%
    2 Bedrooms
    41.6%
    3 Bedrooms
    18.5%
    4 Bedrooms
    2.1%
    5+ Bedrooms
    0.9%

    Property Listings — Kentwood, MI

    As of Dec '25, Realtor.com reports that the median days on market for a home in Kentwood, MI is 33. This is a increase of 5.0% 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 42.0%, representing a large inventory and a lot of supply pressure on home prices.

    MetricZip Code AverageYear over Year % Change
    Median Listing Price
    		$348,0007.0%
    Listing Count
    		7621.0%
    Listings as % of Homes0.3%21.0%
    Days on Market
    		538.0%
    Loading chart...

    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.

    MetricLatest CensusYoY % Change
    Population
    		41,9002.7%
    % Under 18
    		26.1%6.1%
    % Seniors
    		15.9%16.9%
    % WFH
    		10.8%285.7%
    % w/ College Degree
    		33.2%6.1%
    Loading chart...

    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

    MetricLatest Census5-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%
    Loading chart...

    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

    MetricZip 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%
    Loading chart...
    Loading chart...

    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 SizeHUD PremiumMarket RentMax 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

    MetricZip Code Average
    Home Price to Income Ratio4.3
    Median Home Price$322,000
    Median Household Income$65,300

    Kentwood, MI — ZIP Code Boundary Map

    Loading map...

    Nearby ZIP Codes

    Kentwood, MI

    49548

    Grand Rapids, MI

    49507

    Wyoming, MI

    49509

    East Grand Rapids, MI

    49506

    Kentwood, MI

    49512

    Frequently Asked Questions