Real estate market overview
Overview & Ratings
Get to know Grand Rapids
Get to know Grand Rapids. Whether you're looking to purchase a home, putting yours up for sale or exploring rental options, get up-to-date information about the Grand Rapids real estate market, all in one place. Analyze how the market is performing against historical data. Guaranteed Rate helps you explore Grand Rapids without having to leave home.
The median home price in Grand Rapids for the week end on November 20th 2020 was $121,800 compared to $854, the median rent. Unemployment sits at 7.4% as of November 20th 2020. The population of Grand Rapids is 195,355. The median age of the locals is 31.1.
Data from 2012-2017 census for Grand Rapids
In the past week, single family homes in Grand Rapids sold on average for $226,000 and spent 77 days on the market. In Grand Rapids, the inventory of 242 experienced a 6% relisting. The average price per square foot was $131.
In the past week, condo/townhomes in Grand Rapids sold on average for $309,900 and spent 134 days on the market. In Grand Rapids, the inventory of 129 experienced a 13% relisting. The average price per square foot was $220.
As previously noted, the population of Grand Rapids is 195,355 and the median age is 31.1. Among Grand Rapids residents, there is a homeowner vacancy rate of 1.6% and a rental vacancy rate of 4.3% from a total of 79,785 units.
Grand Rapids has 170 schools. Each school is rated by key indicators like test scores, academic progress, college readiness, student-teacher ratio and more. These scores will help you compare the best schools in Grand Rapids.
Grand Rapids, MI
Data provided by GREAT SCHOOLS
All information provided in this publication is for informational and educational purposes only, and in no way is any of the content contained herein to be construed as financial, investment, or legal advice or instruction. Guaranteed Rate, Inc. does not guarantee the quality, accuracy, completeness or timelines of the information in this publication. While efforts are made to verify the information provided, the information should not be assumed to be error free. Some information in the publication may have been provided by third parties and has not necessarily been verified by Guaranteed Rate, Inc. Guaranteed Rate, Inc. its affiliates and subsidiaries do not assume any liability for the information contained herein, be it direct, indirect, consequential, special, or exemplary, or other damages whatsoever and howsoever caused, arising out of or in connection with the use of this publication or in reliance on the information, including any personal or pecuniary loss, whether the action is in contract, tort (including negligence) or other tortious action.
This product uses the Census Bureau Data API but is not endorsed or certified by the Census Bureau.
Data Provided by Altos and Census Bureau
Research Center is brought to you by:
Copyright © 2000-2020 Guaranteed Rate. All rights reserved
NMLS License #2611
Arizona Mortgage Banker License #0907078 3940 N. Ravenswood Chicago, IL 60613 - (866) 934-7283
The company name, Guaranteed Rate, should not suggest to a consumer that Guaranteed Rate provides an interest rate guarantee prior to an interest rate lock.