Grand Rapids, MI Real Estate
Grand Rapids anchors one of Michigan's largest metro areas with a population of about 197,768. The median home value is near $225,500, and median rent runs around $1,191/mo.
Market + demographic figures: U.S. Census ACS (2023 5-year). Geocoding: OpenStreetMap.
Median Home Value
$225,500
Median Rent
$1,191/mo
Population
197,768
Median Income
$65,526
Median Age
32.1
Homeownership
54.6%
Monthly payment on a median Grand Rapids home
Example for a $225,500 home: 20% down, 30-yr at ~6.75%, MI property tax ~1.48%, 0.4% insurance.
Est. monthly (PITI)
$1,523
Principal & interest
$1,170
Property tax / mo
$278
Down payment (20%)
$45,100
Grand Rapids at a glance
- 26.3% of residents 25+ hold a bachelor's degree or higher.
- 54.6% of occupied homes are owner-occupied.
- Median household income is $65,526.
- Always verify the assigned school district, flood zone, and HOA for a specific address before signing.
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