51 census tracts
Grand Rapids.Michigan housing market
This Grand Rapids housing market report covers about 84,800 homes across 51 census tracts. Rent growth in Grand Rapids is running at 6.0% a year at the median, the fastest of the 139 markets PriceDNA tracks, against the Michigan median of 3.7%. For August 2026, the average listing price is $437,940 across 599 active listings (Realtor.com Economic Research, Monthly Housing Inventory).
- Average listing price
- $437,940 599 active listings · Realtor.com Economic Research, Monthly Housing Inventory · August 2026
- Approximate homes
- 84,800 across 51 assigned tracts
- Renter-occupied
- 46% of occupied homes
Grand Rapids housing market context
- The property tax rate PriceDNA uses for rental analysis is 3.70%, the highest of the 139 markets.
- Home prices are climbing 7.8% a year, faster than in 134 of the 139 markets, against the Michigan median of 6.5%.
- The median census tract scores 83.5 on the PriceDNA Location Score™, higher than in 125 of the 139 markets.
These are city-level figures. To see how one property measures up against your goal, run a specific address.
Location score distribution
How location scores vary across 51 census tracts in Grand Rapids.
Half of Grand Rapids's tracts score between 80 and 87. The full range spans 76 to 92, with a median of 83.5.
What the location score shows
PriceDNA Location Score™ is a 0 to 100 signal designed to summarize local strength and risk context for rental-property analysis. Higher scores generally point to stronger location fundamentals.
The middle half of Grand Rapids's tracts is 6.7 points wide on the score, wider than in 88 of the 139 markets PriceDNA tracks.
To see the location score for your specific property, analyze a property
Housing composition
Key housing statistics for approximately 84,800 homes in Grand Rapids, including occupancy, tenure, and structure type.
Of about 84,800 homes, 5.4% are vacant. Among occupied homes, 46% are renter-occupied, providing context on the size of the local rental base.
By structure type, about 62% of Grand Rapids’s housing units are in single-family structures, 16% in small multifamily buildings (2 to 4 units), and 22% in larger multifamily buildings (5+ units). Percentages are rounded; small residual structure categories are not shown.
How Grand Rapids compares
Grand Rapids's median is above the Michigan median on 5 of these 8 measures and above the U.S. median on 5. The city range shows the lower quarter, median and upper quarter of its census tracts.
| Metric | Grand Rapids lower · median · upper Grand Rapids | Michigan MI | United States US |
|---|---|---|---|
|
Census ACS B19013 · 2020 to 2024
|
$61,722 $71,643 $78,344 | $69,735 | $77,171 |
|
Census ACS B15003 · 2020 to 2024
|
39% 48% 56% | 38% | 41% |
|
Census ACS B01001 · 2020 to 2024
|
37% 41% 48% | 31% | 32% |
|
FHFA HPI · 2025
|
7.4% 7.8% 8.2% | 6.5% | 5.2% |
|
HUD SAFMR · 2018 to 2027 + Census ACS B25064 · 2014 to 2024
|
5.1% 6.0% 6.6% | 3.7% | 3.8% |
|
Census ACS B25103 · 2020 to 2024 + Lincoln Institute
|
3.70% every tract | 3.70% | 1.65% |
|
Census ACS B25141 · 2020 to 2024 + U.S. Treasury FIO
|
0.37% 0.40% 0.44% | 0.60% | 0.56% |
|
Census ACS B25064 + B19013 · 2020 to 2024
|
29.1% 30.7% 35.6% | 30.7% | 30.8% |
About this data
PriceDNA uses the most local reliable data available for each metric. Some signals are available at the census-tract level. Others are published or more reliable at broader geographies such as county, metro, state, or national level.
Housing-unit totals are approximate. PriceDNA sums Census ACS counts for the tracts assigned to the city by centroid, so the market total can differ from a municipal boundary count when a tract crosses the city line.
The property-tax assumption combines local residential tax data with a state-level apartment benchmark to provide more conservative context for rental-property underwriting. Insurance assumptions use available residential property insurance data and should be verified for the specific property and coverage.
These pages are designed for market screening and investor education. They do not replace property-level underwriting, inspections, appraisals, insurance quotes, lender review, or professional advice.
Nearby markets
Market pages for other cities within 300 miles.
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