Kentwood, MI—49546
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 $486,000, with a year-over-year change of 4.9%. This indicates that home prices in Kentwood, MI are increasing. According to Zillow, the 1-year price projection is 2.6%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $486,000 | 4.9% |
| Single Family | $511,000 | 5.4% |
| Condos | $401,000 | 3.4% |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | $325,000 | 4.2% |
3 Bed | $415,000 | 4.5% |
4 Bed | $556,000 | 5.1% |
| 5 Bed | $712,000 | 4.9% |
% of Housing Stock
Rental Trends — Kentwood, MI
As of July '25, Rentcast reports the average rent in Kentwood, MI is $2,180, with a year-over-year rent change of -7.2%. Per bedroom, the median rent as of July '25 in Kentwood, MI is 1-bedrooms: $1,430, 2-bedrooms: $2,220, 3-bedrooms: $2,500, 4-bedrooms: $2,750. The most common rental property sizes in Kentwood, MI are 2-bedroom and 1-bedroom, accounting for 39.7% and 38.1% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,400 | $2,180 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | $1,390 | $1,430 |
| 2 Bed Rent | $2,330 | $2,220 |
| 3 Bed Rent | $2,550 | $2,500 |
| 4 Bed Rent | $2,700 | $2,750 |
% 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 decrease of -7.0% from last year, suggesting that homes are sitting on the market shorter than last year. The percentage of listed homes with a reduced price is 35.0%, representing a large inventory and a lot of supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $492,000 | -7.0% |
Listing Count | 69 | 4.0% |
| Listings as % of Homes | 0.4% | 4.0% |
Days on Market | 30 | -7.0% |
Demographics — Kentwood, MI
As of the latest ACS Survey released in 2023, Kentwood, MI has a population of 33,400, which has decreased by -3.2% over the past 5 years. Kentwood, MI is a moderately popular place for families, as children make up 22.2% of the population. The area has a highly educated workforce, with 60.8% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 19.8% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 33,400 | -3.2% |
% Under 18 | 22.2% | 0.9% |
% Seniors | 21.3% | 10.4% |
% WFH | 19.8% | 102.0% |
% w/ College Degree | 60.8% | 6.7% |
As of the latest ACS Survey released in 2023, Kentwood, MI is a predominantly white area, with 80.7% of the population identifying as white. The white population has grown by 2.7% in the last 5 years. The second most common race or ethnicity in Kentwood, MI is black, making up 6.7% of the population. Foreign-born residents account for 11.9% of the population in Kentwood, MI, and this percentage has increased by 1.7% 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 | 80.7% | 2.7% |
% Black | 6.7% | -23.0% |
% Hispanic | 2.5% | -39.0% |
% Asian | 6.6% | 11.9% |
% Foreign Born | 11.9% | 1.7% |
Mortgage and Risk — Kentwood, MI
According to HUD data as of 2023, there were 591 mortgage originations in Kentwood, MI, of which 96.0% of loans were conventional mortgages. The average loan-to-value was 53.0%, with 13.0% above 90% LTV (elevated). This implies medium mortgage risk in Kentwood, MI. Investor activity is low, as 1.0% of loans were by investors. 7.0% of loans were cash-out refinances, suggesting few homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 591 |
% Conventional Loans | 96.0% |
% Government Loans | 4.0% |
% Investor Loans | 1.0% |
% Second Loans | 1.0% |
% Cash Out Refinance | 7.0% |
Loan Activity
Rentals and Section 8 — Kentwood, MI
As of 2024, the percent of homes in Kentwood, MI under the Section 8 program is 14.2%. This is considered low, suggesting that the neighborhood is sparsely composed of Section 8 homes. Section 8 opportunity is good when HUD pays more than market rent. In Kentwood, MI, none of the tracked home sizes currently have HUD payment amounts above market rent, suggesting limited Section 8 opportunity.
Section 8 Market Size
Total Units under HUD | 590 |
Total Units Section 8 | 590 |
% Rentals under Section 8 | 14.2% |
% Occupied Section 8 | 92.9% |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | -$40 | $1,390 | $1,350 |
| 2 Bedroom | -$720 | $2,330 | $1,610 |
| 3 Bedroom | -$450 | $2,550 | $2,100 |
| 4 Bedroom | -$410 | $2,700 | $2,290 |
Affordability — Kentwood, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 4.4 |
| Median Home Price | $486,000 |
| Median Household Income | $97,400 |