Kentwood, MI—49548
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 $245,000, with a year-over-year change of 1.9%. This indicates that home prices in Kentwood, MI are increasing. According to Zillow, the 1-year price projection is 2.8%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $245,000 | 1.9% |
| Single Family | $248,000 | 2.5% |
| Condos | $191,000 | 1.1% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | $175,000 | 1.2% |
2 Bed | $210,000 | 1.9% |
3 Bed | $255,000 | 2.4% |
4 Bed | $293,000 | 2.4% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Kentwood, MI
As of July '25, Rentcast reports the average rent in Kentwood, MI is $1,380, with a year-over-year rent change of -19.3%. Per bedroom, the median rent as of July '25 in Kentwood, MI is 1-bedrooms: $1,050, 2-bedrooms: $1,140, 3-bedrooms: $1,680, 4-bedrooms: $2,270. The most common rental property sizes in Kentwood, MI are 2-bedroom and 3-bedroom, accounting for 43.4% and 32.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,300 | $1,380 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $975 | $1,050 |
| 2 Bed Rent | $1,300 | $1,140 |
| 3 Bed Rent | $1,700 | $1,680 |
| 4 Bed Rent | $2,400 | $2,270 |
% 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 38. This is a increase of 15.0% 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 39.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $259,000 | 5.0% |
Listing Count | 66 | 7.0% |
| Listings as % of Homes | 0.3% | 7.0% |
Days on Market | 38 | 15.0% |
Demographics — Kentwood, MI
As of the latest ACS Survey released in 2023, Kentwood, MI has a population of 35,100, which has increased by 5.5% over the past 5 years. Kentwood, MI is a popular place for families, as children make up 26.3% of the population. The area has a poorly educated workforce, with 16.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 6.1% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 35,100 | 5.5% |
% Under 18 | 26.3% | 0.0% |
% Seniors | 10.9% | 11.2% |
% WFH | 6.1% | 281.2% |
% w/ College Degree | 16.7% | 5.7% |
As of the latest ACS Survey released in 2023, Kentwood, MI is a predominantly white area, with 49.5% of the population identifying as white. The white population has shrunk by 19.1% in the last 5 years. The second most common race or ethnicity in Kentwood, MI is hispanic, making up 22.1% of the population. Foreign-born residents account for 13.4% of the population in Kentwood, MI, and this percentage has increased by 12.6% 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 | 49.5% | -19.1% |
% Black | 15.0% | 37.6% |
% Hispanic | 22.1% | 10.0% |
% Asian | 5.7% | 29.5% |
% Foreign Born | 13.4% | 12.6% |
Mortgage and Risk — Kentwood, MI
According to HUD data as of 2023, there were 679 mortgage originations in Kentwood, MI, of which 84.0% of loans were conventional mortgages. The average loan-to-value was 69.0%, with 39.0% above 90% LTV (very high). This implies large mortgage risk in Kentwood, MI. Investor activity is low, as 3.0% 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 | 679 |
% Conventional Loans | 84.0% |
% Government Loans | 16.0% |
% Investor Loans | 3.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 11.0% |
Loan Activity
Rentals and Section 8 — Kentwood, MI
As of 2024, the percent of homes in Kentwood, MI under the Section 8 program is 16.8%. 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 units appear to be good home sizes to consider for Section 8 housing in Kentwood, MI, because HUD payments exceed market rent, while 2-bedroom and 3-bedroom and 4-bedroom units do not.
Section 8 Market Size
Total Units under HUD | 595 |
Total Units Section 8 | 562 |
% Rentals under Section 8 | 16.8% |
% Occupied Section 8 | 88.3% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | $75 | $975 | $1,050 |
| 2 Bedroom | -$50 | $1,300 | $1,250 |
| 3 Bedroom | -$70 | $1,700 | $1,630 |
| 4 Bedroom | -$620 | $2,400 | $1,780 |
Affordability — Kentwood, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 3.4 |
| Median Home Price | $245,000 |
| Median Household Income | $62,200 |