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

 

Eastown, Grand Rapids, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Eastown area can be challenging. Home prices in Eastown are now at a median cost of $380,318, higher than the Grand Rapids average of $295,462.

The average cost of rent is $1,860/mo in Eastown, primarily driven by the current value of real estate in the Eastown area. In Eastown, 34.28% of households rent, and 38.01% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Eastown is $9,825 per month. Households that rent pay about 18.93% of their income on rent here. Eastown’s most expensive areas are in the northeastern regions, while the cheapest areas are in the northern 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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