The Most Affordable Neighborhoods in Belknap Lookout, Grand Rapids, MI by Home Value

 

Belknap Lookout, Grand Rapids, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Belknap Lookout area can be challenging. Home prices in Belknap Lookout are now at a median cost of $238,321, lower than the Grand Rapids average of $295,462.

The average cost of rent is $1,452/mo in Belknap Lookout, primarily driven by the current value of real estate in the Belknap Lookout area. In Belknap Lookout, 68.65% of households rent, and 34.56% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Belknap Lookout is $6,007 per month. Households that rent pay about 24.17% of their income on rent here. Belknap Lookout’s most expensive areas are in the southern regions, while the cheapest areas are in the eastern parts of the neighborhood.

Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.


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