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Grand Rapids, MI
Full City Profile · Michigan · Ionia County County
3.4
/5.0
B
Good
197,768
Population
4,416/sq mi density
$65,526
Median Income
$33,953 per capita
$225,500
Home Value
$296,961 Zillow
$1,191
Median Rent
30.1% income on rent
51°F
Avg Temperature
245 sunny days/yr
637
Violent Crime/100K
1,908 property/100K
B
Overall
3.4 / 5.0
Good overall score based on economy, affordability, safety and education
B+
Economy
3.7 / 5.0
$65,526 median income, 3.4% unemployment
A+
Affordability
4.7 / 5.0
$225,500 home value, $1,191/mo rent
F
Safety
1.0 / 5.0
637 violent crimes/100K (68% above avg)
A
Education
4.2 / 5.0
40.1% bachelor's degree or higher
Housing Overview
Median Home Value
$225,500
20% below
US avg: $281,900
Median Rent
$1,191/mo
2% above
US avg: $1,163/mo
Homeownership Rate
54.6%
17% below US avg (65.4%)
Total Housing Units
84,159
Median year built: 1953
Home Value by Source
Census Median
$225,500
Zillow (ZHVI)
$296,961
Median Sale Price
$285,000
Median List Price
$296,500
Census ACS, Zillow ZHVI, Redfin median sale price
Ownership vs. Renting
54.6%
Owner-Occupied
45.4%
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:
$1,191/mo
· Zillow rent:
$1,662/mo
Market Indicators (Redfin)
Median Days on Market
15 days
Sale-to-List Ratio
1.0%
Buyers market
Homes Sold
152
Price Drops
28.0%
of listings with price reduction
Price Per Sq Ft
$210
Active Inventory
186
homes for sale
Affordability & Housing Stock
Rent Burden
30.1%
of renters spending 30%+ of income on housing
3% below US avg (31.0%)
Median Year Built
1953
Average age of housing stock: 73 years
Homeownership Rate
54.6%
Complete Housing Data
Home Values
| Census Median Value | $225,500 |
| Zillow Home Value (ZHVI) | $296,961 |
| Median Sale Price | $285,000 |
| Median List Price | $296,500 |
| Price Per Sq Ft | $210 |
Rent
| Census Median Rent | $1,191 |
| Zillow Rent (ZORI) | $1,662 |
| 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 | 15 |
| Sale-to-List Ratio | 1.0% |
| Price Drops | 28.0% |
| Homes Sold | 152 |
| Active Inventory | 186 |
| Price Per Sq Ft | $210 |
Ownership & Stock
| Owner-Occupied | 54.6% |
| Renter-Occupied | 45.4% |
| Homeownership Rate | 54.6% |
| Total Housing Units | 84,159 |
| Median Year Built | 1953 |
| Rent Burden | 30.1% |