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Grand Ledge, MI
Full City Profile · Michigan · Eaton County County
3.5
/5.0
B+
Good
7,797
Population
2,015/sq mi density
$66,515
Median Income
$42,049 per capita
$189,300
Home Value
$291,009 Zillow
$944
Median Rent
27.9% income on rent
49°F
Avg Temperature
260 sunny days/yr
64
Violent Crime/100K
1,170 property/100K
B+
Overall
3.5 / 5.0
Good overall score based on economy, affordability, safety and education
A
Economy
4.1 / 5.0
$66,515 median income, 3.3% unemployment
A+
Affordability
5.0 / 5.0
$189,300 home value, $944/mo rent
F
Safety
1.0 / 5.0
64 violent crimes/100K
B+
Education
3.9 / 5.0
36.0% bachelor's degree or higher
Housing Overview
Median Home Value
$189,300
33% below
US avg: $281,900
Median Rent
$944/mo
19% below
US avg: $1,163/mo
Homeownership Rate
67.7%
4% above US avg (65.4%)
Total Housing Units
3,630
Median year built: 1974
Home Value by Source
Census Median
$189,300
Zillow (ZHVI)
$291,009
Median Sale Price
$257,450
Median List Price
$299,900
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
67.7%
Owner-Occupied
32.3%
Renter-Occupied
US avg: 65.4% owner-occupied
Fair Market Rents (HUD FY2026)
Studio
$807/mo
1 Bedroom
$891/mo
2 Bedroom
$1,113/mo
3 Bedroom
$1,419/mo
4 Bedroom
$1,588/mo
Census median rent:
$944/mo
Market Indicators (Redfin)
Median Days on Market
41 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
10
Price Drops
18.8%
of listings with price reduction
Price Per Sq Ft
$142
Active Inventory
16
homes for sale
Affordability & Housing Stock
Rent Burden
27.9%
of renters spending 30%+ of income on housing
10% below US avg (31.0%)
Median Year Built
1974
Average age of housing stock: 52 years
Homeownership Rate
67.7%
Complete Housing Data
Home Values
| Census Median Value | $189,300 |
| Zillow Home Value (ZHVI) | $291,009 |
| Median Sale Price | $257,450 |
| Median List Price | $299,900 |
| Price Per Sq Ft | $142 |
Rent
| Census Median Rent | $944 |
| FMR Studio | $807 |
| FMR 1-Bedroom | $891 |
| FMR 2-Bedroom | $1,113 |
| FMR 3-Bedroom | $1,419 |
| FMR 4-Bedroom | $1,588 |
Market
| Days on Market | 41 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 18.8% |
| Homes Sold | 10 |
| Active Inventory | 16 |
| Price Per Sq Ft | $142 |
Ownership & Stock
| Owner-Occupied | 67.7% |
| Renter-Occupied | 32.3% |
| Homeownership Rate | 67.7% |
| Total Housing Units | 3,630 |
| Median Year Built | 1974 |
| Rent Burden | 27.9% |