Housing in Grand Ledge, MI
Home values, rent, ownership rates, and housing market data
Housing Market Snapshot
Source: Redfin — January 2026Median Sale Price
$177,500
Median List Price
$274,950
Price Per Sq Ft
$104
Days on Market
70
Active Inventory
16
Months of Supply
5.3
Balanced market
Zillow Home Value
$286,709
ZHVI — January 2026
Zillow Rent Index
$1,410
ZORI — January 2026
Price Trends
Source: RedfinMarket Competitiveness
Source: RedfinSold Above List
33.3%
Off Market in 2 Weeks
27.3%
Sale-to-List Ratio
99.4%
Buyer's market
Market Activity
Source: RedfinHomes Sold
3
New Listings
8
Pending Sales
11
Price Per Square Foot
Source: RedfinMedian Sale $/SF
$104
Median List $/SF
$190
Grand Ledge vs Similar Cities
Source: Census ACS / Redfin (2023)Compared to cities with under 10,000 residents. Grand Ledge is highlighted.
Median Home Value
Median Rent
Median Price Per Sq Ft
Rent Burden
Census Housing Data
Source: U.S. Census Bureau ACS (2023)Median Home Value
$189,300
Median Rent
$944
Total Housing Units
3,797
Vacancy Rate
5.1%
Owner Occupied
67.7%
Renter Occupied
32.3%
Median Property Tax
$3,365
per year
Monthly Cost (w/ Mortgage)
$1,195
Housing Types
The current median sale price in Grand Ledge, MI is $177,500 according to Redfin data. Homes spend a median of 70 days on the market. 33.3% of homes sold above asking price. The market has 5.3 months of supply. The median price per square foot is $104. Zillow's observed rent index is $1,410/month. About 67.7% of housing units are owner-occupied. The median year homes were built is 1973. There are 3,797 total housing units.