Housing in Grand Rapids, MI

Home values, rent, ownership rates, and housing market data

Housing Market Snapshot

Source: Redfin — January 2026

Median Sale Price

$282,000

Median List Price

$280,000

Price Per Sq Ft

$187

Days on Market

33

Active Inventory

203

Months of Supply

1.5

Seller's market

Zillow Home Value

$292,103

ZHVI — January 2026

Zillow Rent Index

$1,692

ZORI — January 2026

Price Trends

Source: Redfin
Sale Price ↓ 0.9%List Price ↓ 1.7%Mar 24 → Jan 26

Market Competitiveness

Source: Redfin

Sold Above List

29.6%

Off Market in 2 Weeks

44.6%

Sale-to-List Ratio

98.6%

Buyer's market

Sold Above Asking
29.6%
Under Contract in 2 Wks
44.6%
Listings with Price Drops
32.0%

Market Activity

Source: Redfin

Homes Sold

132

New Listings

145

Pending Sales

166

Homes Sold ↓ 19.5%New Listings ↓ 29.3%Pending ↓ 20.2%Mar 24 → Jan 26

Price Per Square Foot

Source: Redfin

Median Sale $/SF

$187

Median List $/SF

$218

Sale $/SF ↓ 2.1%List $/SF ↑ 13.0%Mar 24 → Jan 26

Grand Rapids vs Similar Cities

Source: Census ACS / Redfin (2023)

Compared to cities with 100,000 - 250,000 residents. Grand Rapids 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

$225,500

Median Rent

$1,191

Total Housing Units

85,145

Vacancy Rate

6.1%

Owner Occupied

54.6%

Renter Occupied

45.4%

Median Property Tax

$2,401

per year

Monthly Cost (w/ Mortgage)

$1,084

Housing Types

Single Family
61.8%
Multi-Family
37.9%
Mobile Home
0.3%

The current median sale price in Grand Rapids, MI is $282,000 according to Redfin data. Homes spend a median of 33 days on the market. 29.6% of homes sold above asking price. The market has 1.5 months of supply. The median price per square foot is $187. Zillow's observed rent index is $1,692/month. About 54.6% of housing units are owner-occupied. The median year homes were built is 1953. There are 85,145 total housing units.