Grand Rapids, MI 49588 Real Estate Market Analysis | dynamic.RE
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Market Snapshot
Housing Market
County Demographics
County Economy
Grand Rapids, MI — 49588
Median Listing Price
--
Population
--
Households
256,648
Median Days on Market
--
Active Listings
--
New Listings
--
Housing Market
Units & Occupancy
2024 Occupancy
269K
units
Occupied
256,648
95.4%
Vacant
12,488
4.6%
2024 Tenure
257K
occupied
Owner
180,482
70.3%
Renter
76,166
29.7%
Renter Share
29.7%
+0.1% YoY
Total Housing Units
269,136
+0.8% YoY
FY2026 Fair Market Rent — Kent County
HUD government estimate (40th percentile) — 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
Source: HUD Fair Market Rents
County Demographics
Median Age
35.9
2024
Population
Kent County Population
673,002
+1.2% YoY
Households
Total Households
256,648
+0.7% YoY
Household Types
--
Not reported for this area (ACS).
Avg Household Size
2.54
0.0% YoY
Age
2024 Age Mix
663K
residents
Under 18
155,818
23.5%
Adults 18–64
408,507
61.6%
65 & Over
98,825
14.9%
Age Composition Over Time
2017–2024
Population growth (first year = 100)
Share of population (change in pp)
Under 18
Adults 18–64
65 & 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
of residents
Same house
87.9%
Moved (within US)
11.8%
Other
0.3%
Veterans
4.9%
-5.8% YoY
County Economy
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
of workers
Drove alone
73.2%
Public transit
1.5%
Worked from home
14.3%
Other
11.0%
Worked From Home
14.3%
+12.6% YoY
Mean Commute
21.00
-0.5% YoY
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