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Grand Rapids, Michigan

Realtor Sep 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $78K, +4.2% YoY (ZIP); renters hold 37.9% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is +3.5% YoY. inventory, −0.4% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

Computed from this page's data: median listing $362,206 (Realtor). The listing and rental pools are separate samples, not the same homes priced two ways, so the ratios describe the market rather than any one property. Ratios with reasons, not a recommendation to buy.

20 ZIPs in this city:49501 49503 49504 49505 49506 49507 49508 49510 49512 49514 49515 49516 49518 49525 49534 49544 49546 49548 49560 49588

Median Listing Price

$362K

Population

379,939

150,457

Median Days on Market

Active Listings

664

New Listings

392

Housing Market

The median listing price is up 3.5% YoY while the median home got up 1.3% bigger, so value per square foot is up 2.6%.

Pricing

Median Listing Price

$362K+3.5% YoY

Average Listing Price

$429K-3.8% YoY

Price per Sq Ft

$213.902+2.6% YoY

Median Sq Ft

1,748+1.3% YoY

Inventory

Active Listings

664+11.6% YoY

New Listings

392-4.9% YoY

Total Listings

1,021-0.4% YoY

Buyer Competition

Pending Listings

360-17.1% YoY

Pending Ratio

0.54-25.7% YoY

Median Days on Market

42+16.3% YoY

Price Reduced

22.9%+6.4% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 269,136

269Kunits

Occupied256,64895.4%

Vacant12,4884.6%

2024 Tenure ⓘ

U.S. Census ACS · n = 256,648

257Koccupied

Owner180,48270.3%

Renter76,16629.7%

Renter Share

29.7%+0.1% YoY

Total Housing Units

269,136+0.8% YoY

FY2026 Fair Market Rent

CountyKent County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,232

/month

1 BR

$1,278

/month

2 BR

$1,531

/month

3 BR

$1,980

/month

4 BR

$2,189

/month

FMR trends · Kent County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 37.9% of this ZIP's 150,457 occupied households, on a median household income of $78K.

Population & Age

Total Population

379,939+0.5% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 379,939

380Kresidents

Under 1885,31922.5%

Adults 18–64239,96463.2%

65 & Over54,65614.4%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

34.54+0.3% YoY

Population Under 18

85,319-1.8% YoY

Population 65 & Over

54,656+2.2% YoY

Households & Mobility

Total Households

150,457+0.3% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.46+0.2% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house85.3%

Moved (within US)14.3%

Other0.5%

Veterans

4.4%-7.4% YoY

Income & Poverty

Median Household Income

$78K+4.2% YoY

Per-Capita Income

$40K+4.5% YoY

Mean Household Income

$100K+4.6% YoY

Below Poverty Level

13.1%-4.8% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone71.1%

Public transit2.0%

Worked from home14.2%

Other12.7%

Worked From Home

14.2%+11.9% YoY

Mean Commute

19.37-1.3% YoY

Units & Tenure

Total Housing Units

157,997+0.2% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 157,997

158Kunits

Occupied150,45795.2%

Vacant7,5404.8%

2024 Tenure ⓘ

U.S. Census ACS · n = 150,457

150Khouseholds

Owner93,43862.1%

Renter57,01937.9%

Avg Household Size — Owner

2.65+0.3% YoY

Avg Household Size — Renter

2.15+0.3% YoY

County Demographics

County population is up 0.7% to 663,150: residents under 18 are down 0.3% and those 65 and over are up 3.5%.

Median Age

35.92024

Population

Kent County Population

673,002+1.2% YoY

Households

Total Households

256,648+0.7% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.540.0% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 663,150

663Kresidents

Under 18155,81823.5%

Adults 18–64408,50761.6%

65 & Over98,82514.9%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

155,818-0.3% YoY

Population 65 & Over

98,825+3.5% YoY

Median Age

35.90+0.6% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house87.9%

Moved (within US)11.8%

Other0.3%

Veterans

4.9%-5.8% YoY

County Economy

County median household income is $83K, 10.1% of residents are below the poverty level, 14.3% work from home.

Income

Median Household Income

$83K+2.8% YoY

Per-Capita Income

$43K+3.6% YoY

Mean Household Income

$110K+3.5% YoY

Poverty

Below Poverty Level

10.1%-4.7% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone73.2%

Public transit1.5%

Worked from home14.3%

Other11.0%

Worked From Home

14.3%+12.6% YoY

Mean Commute

21.00-0.5% YoY

Done with Grand Rapids? Put it next to another market.

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Grand Rapids, Michigan

Realtor Sep 2026 · ACS 2024

Market Read

A market with no active rental pool to price against. The sale-side figures below are the whole picture.

Tenant economics are strong. Median household income $78K, +4.2% YoY (ZIP); renters hold 37.9% of ZIP households. See the people evidence ↓

What would change this read: the median listing price is +3.5% YoY. inventory, −0.4% YoY, is the number to watch.

Gross Rental Yield

–

1% rule implies 12%/yr

Rent-to-Price

–

1% rule benchmark: 1.00%/mo

Gross Rent Multiplier

–

Price ÷ annual gross rent

Asking vs Voucher

–

No bedroom size has both a rent sample and a published FMR

20 ZIPs in this city:49501 49503 49504 49505 49506 49507 49508 49510 49512 49514 49515 49516 49518 49525 49534 49544 49546 49548 49560 49588

Median Listing Price

$362K

Population

379,939

150,457

Median Days on Market

Active Listings

664

New Listings

392

Housing Market

The median listing price is up 3.5% YoY while the median home got up 1.3% bigger, so value per square foot is up 2.6%.

Pricing

Median Listing Price

$362K+3.5% YoY

Average Listing Price

$429K-3.8% YoY

Price per Sq Ft

$213.902+2.6% YoY

Median Sq Ft

1,748+1.3% YoY

Inventory

Active Listings

664+11.6% YoY

New Listings

392-4.9% YoY

Total Listings

1,021-0.4% YoY

Buyer Competition

Pending Listings

360-17.1% YoY

Pending Ratio

0.54-25.7% YoY

Median Days on Market

42+16.3% YoY

Price Reduced

22.9%+6.4% YoY

Units & Occupancy

2024 Occupancy ⓘ

U.S. Census ACS · n = 269,136

269Kunits

Occupied256,64895.4%

Vacant12,4884.6%

2024 Tenure ⓘ

U.S. Census ACS · n = 256,648

257Koccupied

Owner180,48270.3%

Renter76,16629.7%

Renter Share

29.7%+0.1% YoY

Total Housing Units

269,136+0.8% YoY

FY2026 Fair Market Rent

CountyKent County · HUD 40th-percentile estimate, not actual market asking rent

Studio

$1,232

/month

1 BR

$1,278

/month

2 BR

$1,531

/month

3 BR

$1,980

/month

4 BR

$2,189

/month

FMR trends · Kent County

HUD Fair Market Rents · FY1983–FY2026

ZIP Profile

U.S. Census ACS characteristics rolled up across the ZIP Code Tabulation Areas in this area, not the parent county.

Renters hold 37.9% of this ZIP's 150,457 occupied households, on a median household income of $78K.

Population & Age

Total Population

379,939+0.5% YoY

2024 Age Mix ⓘ

U.S. Census ACS · n = 379,939

380Kresidents

Under 1885,31922.5%

Adults 18–64239,96463.2%

65 & Over54,65614.4%

Age Composition Over Time

U.S. Census ACS · 2019–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Median Age

34.54+0.3% YoY

Population Under 18

85,319-1.8% YoY

Population 65 & Over

54,656+2.2% YoY

Households & Mobility

Total Households

150,457+0.3% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.46+0.2% YoY

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house85.3%

Moved (within US)14.3%

Other0.5%

Veterans

4.4%-7.4% YoY

Income & Poverty

Median Household Income

$78K+4.2% YoY

Per-Capita Income

$40K+4.5% YoY

Mean Household Income

$100K+4.6% YoY

Below Poverty Level

13.1%-4.8% YoY

Commuting

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone71.1%

Public transit2.0%

Worked from home14.2%

Other12.7%

Worked From Home

14.2%+11.9% YoY

Mean Commute

19.37-1.3% YoY

Units & Tenure

Total Housing Units

157,997+0.2% YoY

2024 Occupancy ⓘ

U.S. Census ACS · n = 157,997

158Kunits

Occupied150,45795.2%

Vacant7,5404.8%

2024 Tenure ⓘ

U.S. Census ACS · n = 150,457

150Khouseholds

Owner93,43862.1%

Renter57,01937.9%

Avg Household Size — Owner

2.65+0.3% YoY

Avg Household Size — Renter

2.15+0.3% YoY

County Demographics

County population is up 0.7% to 663,150: residents under 18 are down 0.3% and those 65 and over are up 3.5%.

Median Age

35.92024

Population

Kent County Population

673,002+1.2% YoY

Households

Total Households

256,648+0.7% YoY

Household Types ⓘ

U.S. Census ACS

--Not reported for this area (ACS).

Avg Household Size

2.540.0% YoY

Age

2024 Age Mix ⓘ

U.S. Census ACS · n = 663,150

663Kresidents

Under 18155,81823.5%

Adults 18–64408,50761.6%

65 & Over98,82514.9%

Age Composition Over Time

U.S. Census ACS · 2017–2024

Population growth (first year = 100)

Share of population (change in pp)

Under 18Adults 18–6465 & Over

Population Under 18

155,818-0.3% YoY

Population 65 & Over

98,825+3.5% YoY

Median Age

35.90+0.6% YoY

Mobility & Veterans

2024 Residential Mobility ⓘ

U.S. Census ACS

of residents

Same house87.9%

Moved (within US)11.8%

Other0.3%

Veterans

4.9%-5.8% YoY

County Economy

County median household income is $83K, 10.1% of residents are below the poverty level, 14.3% work from home.

Income

Median Household Income

$83K+2.8% YoY

Per-Capita Income

$43K+3.6% YoY

Mean Household Income

$110K+3.5% YoY

Poverty

Below Poverty Level

10.1%-4.7% YoY

Transportation to Work

2024 Commute Mode ⓘ

U.S. Census ACS

of workers

Drove alone73.2%

Public transit1.5%

Worked from home14.3%

Other11.0%

Worked From Home

14.3%+12.6% YoY

Mean Commute

21.00-0.5% YoY

Done with Grand Rapids? Put it next to another market.