The Most Affordable Neighborhoods in Heartside-Downtown, Grand Rapids, MI by Home Value

 

Heartside-Downtown, Grand Rapids, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Heartside-Downtown area can be challenging. Home prices in Heartside-Downtown are now at a median cost of $432,025, higher than the Grand Rapids average of $295,462.

The average cost of rent is $1,082/mo in Heartside-Downtown, primarily driven by the current value of real estate in the Heartside-Downtown area. In Heartside-Downtown, 90.91% of households rent, and 43.12% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Heartside-Downtown is $3,997 per month. Households that rent pay about 27.06% of their income on rent here. Heartside-Downtown’s most expensive areas are in the southeastern regions, while the cheapest areas are in the southwestern 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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