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These days, finding an affordable place to live in the Grand Rapids area can be challenging. Home prices in Grand Rapids are now at a median cost of $224,522, lower than the Ohio average of $236,816.
The average cost of rent is $1,102/mo in Grand Rapids, primarily driven by the current value of real estate in the Grand Rapids area. In Grand Rapids, 16.43% of households rent, and 46.40% of homeowners own their homes outright.
Housing affordability isn’t just about home prices, though. The average household income in Grand Rapids is $6,872 per month. Households that rent pay about 16.04% of their income on rent here. Grand Rapids’s most expensive areas are in the northeastern regions, while the cheapest areas are in the southwestern parts of the city.
Source: BestNeighborhood calculations from the U.S. Census Bureau, American Community Survey (ACS) 2020-2024 5-year estimates.
Nearby Cities
- Neapolis, OH: equally priced homes
- Texas, OH: equally priced homes
- Tontogany, OH: higher priced homes
- McClure, OH: less expensive homes
- Weston, OH: less expensive homes
- Whitehouse, OH: higher priced homes
- Liberty Center, OH: less expensive homes
- Waterville, OH: higher priced homes
- Milton Center, OH: less expensive homes
- Haskins, OH: higher priced homes
Cities with Similar Populations
- Elkhart Lake, WI: higher priced homes
- Alpine, NJ: higher priced homes
- Heidelberg, MS: less expensive homes
- Gilbertsville, KY: higher priced homes
- Ghent, NY: higher priced homes
- Garden City, MO: equally priced homes
- Fowlers Mill, OH: higher priced homes
- Fair Haven, VT: less expensive homes
- Double Oak, TX: higher priced homes
- Corrigan, TX: less expensive homes
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