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

 

Midtown-Grand Rapids, Grand Rapids, MI Map of Most Affordable Neighborhoods
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These days, finding an affordable place to live in the Midtown-Grand Rapids area can be challenging. Home prices in Midtown-Grand Rapids are now at a median cost of $244,448, lower than the Grand Rapids average of $295,462.

The average cost of rent is $1,573/mo in Midtown-Grand Rapids, primarily driven by the current value of real estate in the Midtown-Grand Rapids area. In Midtown-Grand Rapids, 60.92% of households rent, and 45.97% of homeowners own their homes outright.

Housing affordability isn’t just about home prices, though. The average household income in Midtown-Grand Rapids is $5,147 per month. Households that rent pay about 30.56% of their income on rent here. Midtown-Grand Rapids’s most expensive areas are in the western 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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