Grand Rapids, MI Housing Market
Market data powered by Zillow Research. Last updated: 2026-04-02
Grand Rapids, MI is showing healthy, moderate growth.
- •Steady price growth of 4.8% year-over-year — a balanced market.
- •Price-to-rent ratio: 17.5 — buying and renting are roughly comparable.
Median Home Value
$344,543
ZHVI
Year-over-Year
+4.8%
Price change
5-Year Change
+40.7%
Since 2021
Median Rent
$1,644/mo
ZORI
Active Listings
135
For sale
State Avg
$254,230
Michigan
Home Value Trends
5-year Zillow Home Value Index for Grand Rapids, MI vs. state and national averages.
Rent Data
Median Rent
$1,644/mo
Rent YoY Change
+3.6%
Other Markets in Michigan
Market data provided by Zillow Research. Zillow Home Value Index (ZHVI) and Zillow Observed Rent Index (ZORI) are trademarks of Zillow, Inc.