Housing & Real Estate — Grand Rapids, Michigan
Overview
| Total Housing Units | 85,145 |
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| Occupied | 79,944 |
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| Vacant | 5,201 |
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| Owner-Occupied | 43,670 |
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| Renter-Occupied | 36,274 |
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| Median Home Value (Census) | $244,500 |
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| Estimated 2026 | ~$295,000 |
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| Median Rent | $1,191/mo |
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| Median Property Tax | $2,493/yr |
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Affordability
| Home Price to Income Ratio | N/Ax |
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| Home Affordability | N/A |
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| Rent as % of Income | N/A% |
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| Severely Rent-Burdened | 41.6% |
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Housing Age
| Built 2010 or later | 4,974 |
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| Built 2000-2009 | 4,398 |
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| Built 1990-1999 | 5,352 |
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| Built before 1960 | 50,484 |
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| Median Year Built | 1953 |
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Sources: Census ACS 5-Year 2023; Census ACS 5-Year 2023, B25077; HUD FMR FY2026.
