Kentwood, MI—49512
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 $356,000, with a year-over-year change of 2.1%. This indicates that home prices in Kentwood, 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 | $356,000 | 2.1% |
| Single Family | $380,000 | 2.4% |
| Condos | $295,000 | 4.6% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $257,000 | 3.6% |
3 Bed | $348,000 | 2.4% |
4 Bed | $411,000 | 2.5% |
| 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 $1,830, with a year-over-year rent change of -15.3%. Per bedroom, the median rent as of July '25 in Kentwood, MI is studios: $1,530, 1-bedrooms: $1,390, 2-bedrooms: $1,210, 3-bedrooms: $2,240. The most common rental property sizes in Kentwood, MI are 2-bedroom and 1-bedroom, accounting for 49.6% and 32.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $1,950 | $1,830 |
| Studio Rent | $1,530 | $1,530 |
| 1 Bed Rent | $1,260 | $1,390 |
| 2 Bed Rent | $1,200 | $1,210 |
| 3 Bed Rent | $2,250 | $2,240 |
| 4 Bed Rent | N/A | N/A |
% 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 59. This is a decrease of 0.0% 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 40.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $375,000 | -2.0% |
Listing Count | 65 | -11.0% |
| Listings as % of Homes | 0.5% | -11.0% |
Days on Market | 59 | 0.0% |
Demographics — Kentwood, MI
As of the latest ACS Survey released in 2023, Kentwood, MI has a population of 18,700, which has increased by 10.3% over the past 5 years. Kentwood, MI is a moderately popular place for families, as children make up 19.6% of the population. The area has a moderately educated workforce, with 37.7% of adult residents holding a bachelor’s degree or higher. There are few residents working remotely, with 9.2% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 18,700 | 10.3% |
% Under 18 | 19.6% | -2.0% |
% Seniors | 14.6% | 11.5% |
% WFH | 9.2% | 130.0% |
% w/ College Degree | 37.7% | -4.6% |
As of the latest ACS Survey released in 2023, Kentwood, MI is a predominantly white area, with 62.0% of the population identifying as white. The white population has grown by 5.8% in the last 5 years. The second most common race or ethnicity in Kentwood, MI is black, making up 18.9% of the population. Foreign-born residents account for 16.7% of the population in Kentwood, MI, and this percentage has decreased by 11.6% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 62.0% | 5.8% |
% Black | 18.9% | -30.0% |
% Hispanic | 9.4% | 46.9% |
% Asian | 5.0% | -25.4% |
% Foreign Born | 16.7% | -11.6% |
Mortgage and Risk — Kentwood, MI
According to HUD data as of 2023, there were 268 mortgage originations in Kentwood, MI, of which 87.0% of loans were conventional mortgages. The average loan-to-value was 61.0%, with 27.0% above 90% LTV (very high). This implies large mortgage risk in Kentwood, MI. Investor activity is low, as 1.0% of loans were by investors. 10.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 268 |
% Conventional Loans | 87.0% |
% Government Loans | 13.0% |
% Investor Loans | 1.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 10.0% |
Loan Activity
Rentals and Section 8 — Kentwood, MI
Kentwood, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 176 |
Total Units Section 8 | 133 |
% Rentals under Section 8 | 3.0% |
% Occupied Section 8 | 90.0% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$60 | $1,260 | $1,200 |
| 2 Bedroom | $230 | $1,200 | $1,430 |
| 3 Bedroom | -$390 | $2,250 | $1,860 |
| 4 Bedroom | N/A | N/A | $2,040 |
Affordability — Kentwood, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.6 |
| Median Home Price | $356,000 |
| Median Household Income | $71,000 |