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 $312,675, higher than the Grand Rapids average of $221,016.

The average cost of rent is $1,000/mo in Heartside-Downtown, primarily driven by the current value of real estate in the Heartside-Downtown area. While nearly 47.08% of residents own their homes outright in Heartside-Downtown, 82.62% rent.

Housing affordability isn’t just about home prices, though. The average household income in Heartside-Downtown is $3,352 per month. Households that rent pay about 29.84% of their income on rent here. Heartside-Downtown's most expensive areas are in the eastern regions, while the cheapest areas are in the southwestern parts of the neighborhood.


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