Grand Rapids, MI 49507 - Real Estate Investment Insights & Performance Data

Welcome to our 49507 real estate data hub, tailored for investors in Grand Rapids, MI. We aim to provide valuable insights, empowering you to make well-informed decisions in this unique market.

Explore essential data such as home prices, rental rates, and appreciation trends specific to 49507 in Grand Rapids, MI. Discover Section 8 housing opportunities and challenges to maximize your investment potential in KENT COUNTY.

Leverage our comprehensive, zip code-specific data to excel in Grand Rapids, MI real estate investing. Uncover the wealth of information available, and position yourself for success in the Grand Rapids property market.

• Location Overview

  • Zip Code: 49507
  • City: Grand Rapids
  • State: MI
  • Metro Area: Grand Rapids-Kentwood, MI
  • County Name: KENT COUNTY

• Real Estate Market Snapshot

  • Average Home Price (All Types): $201,271
  • Average Home Price (Single Family Homes): $201,306
  • Average Monthly Rental Price (All Types): $1,473
  • Price-to-Rent Ratio: 11
  • Zillow Projected % appreciation from 4/2023-4/2024: 1.5%

• Section 8 Housing Insights

  • Average 2 Bedroom Section 8 Rental Rates: $1,260
  • Average 3 Bedroom Section 8 Rental Rates: $1,640
  • Price-to-Rent Ratio for 2 Bedroom Section 8 Properties: 13.31
  • Price-to-Rent Ratio for 3 Bedroom Section 8 Properties: 10.23
  • Number of Units Offered in Section 8 in the County: 3461
  • Number of Occupied Units in Section 8 in the County: 3267
  • Percentage of Section 8 Units Occupied in the County: 94.40000153%

• Historical & Recent Price Appreciation Rates

  • Total % Appreciation since 1990 (Government Data): 289.17
  • Total % Appreciation since 2000 (Government Data): 143.9
  • YTD Appreciation (Backwards from 4/2023, Realtor Data): 0.22%
  • 1-Year Appreciation (Backwards from 4/2023, Realtor Data): 0.82%
  • 3-Year Appreciation (Backwards from 4/2023, Realtor Data): 29.89%
  • 5-Year Appreciation (Backwards from 4/2023, Realtor Data): 65.54%
  • 10-Year Appreciation (Backwards from 4/2023, Realtor Data): 270.81%
  • 15-Year Appreciation (Backwards from 4/2023, Realtor Data): 154.31%
  • 20-Year Appreciation (Backwards from 4/2023, Realtor Data): 163.99%

• Historical & Recent Rent Appreciation Rates

  • YTD Rent Appreciation (Backwards from 4/2023, Realtor Data): 0.12%
  • 1-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 9.34%
  • 3-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 37.5%
  • 5-Year Rent Appreciation (Backwards from 4/2023, Realtor Data): 50.07%