Grand Rapids housing market: home prices and forecast
Grand Rapids home prices: in September 2026, the Zillow Home Value Index put a typical home in Grand Rapids, Michigan at $303,937, up 3.3% from the prior year and at a record monthly high.
- Typical value of a home
- $303,937September 2026, Zillow ZHVI
- Change in 12 months
- +3.3% since September 2025.
Grand Rapids home prices since 2000
The steel line marks Grand Rapids, and the grey line marks the United States. From January 2000, a typical Grand Rapids home rose from $91,395 to $303,937, or ×3.33, while the US figure reached ×2.99 over those months. Prices peaked during the boom in April 2006 at $118,766, then reached their low in December 2011 at $82,171, a 30.8% drop.
Yearly median home price for Grand Rapids
Each year uses the average of twelve monthly values, while 2026 represents the latest month.
| Year | Grand Rapids | Change on the year | United States |
|---|---|---|---|
| 2000 | $93,232 | $125,745 | |
| 2001 | $97,428 | +4.5% | $134,899 |
| 2002 | $102,410 | +5.1% | $144,276 |
| 2003 | $107,488 | +5.0% | $155,308 |
| 2004 | $113,582 | +5.7% | $169,891 |
| 2005 | $117,234 | +3.2% | $189,732 |
| 2006 | $117,980 | +0.6% | $206,531 |
| 2007 | $115,830 | −1.8% | $208,449 |
| 2008 | $108,902 | −6.0% | $195,574 |
| 2009 | $98,697 | −9.4% | $177,542 |
| 2010 | $93,682 | −5.1% | $171,462 |
| 2011 | $84,044 | −10.3% | $162,508 |
| 2012 | $84,894 | +1.0% | $161,137 |
| 2013 | $96,614 | +13.8% | $171,420 |
| 2014 | $108,823 | +12.6% | $182,996 |
| 2015 | $119,164 | +9.5% | $192,738 |
| 2016 | $135,044 | +13.3% | $204,509 |
| 2017 | $152,789 | +13.1% | $216,767 |
| 2018 | $168,817 | +10.5% | $230,541 |
| 2019 | $182,586 | +8.2% | $242,088 |
| 2020 | $197,575 | +8.2% | $257,151 |
| 2021 | $231,615 | +17.2% | $295,959 |
| 2022 | $259,752 | +12.1% | $340,014 |
| 2023 | $269,862 | +3.9% | $348,160 |
| 2024 | $287,596 | +6.6% | $359,751 |
| 2025 | $294,240 | +2.3% | $362,959 |
| September 2026 | $303,937 | +3.3% | $366,157 |
Current worth of a home purchased in Grand Rapids during any year
This index-based estimate for a typical home is not an appraisal.
The annual figure averages its twelve monthly index values; the current value is September 2026. More choices: home appreciation calculator.
Are you thinking of selling? Compare local agents through Realtor.com. Advertising disclosure: links like this one may pay the site, but they never affect a number. Disclosure.
Grand Rapids housing market forecast
Zillow's forecast in the Grand Rapids, MI metro calls for +3.3% across the 12 months from September 2026. Over the next three months, it calls for +1.4%. With Grand Rapids's typical value at $303,937, the forecast would reach about $314,000 after one year.
Zillow's central metro estimate is repeated here; the site does not publish its own forecast. This kind of 12-month forecast typically differs from the realised change by several percentage points, sometimes up, sometimes down This is not investment advice.
Find forecasts for every metro in one table: housing market forecast.
Grand Rapids housing market crash risk score
A moderate rating of 30 out of 100 points.
The score ranks Grand Rapids against 292 cities by five conditions that were high before earlier price declines. Each input is scored from 0 to 100 compared with the other cities, and the five scores are averaged with equal weight. It shows current conditions, not a crash forecast.
| Input | Value | Sub-score | Weight |
|---|---|---|---|
| Active listings vs 2019 | −27.7% | 14 | 20% |
| Days on the market vs 2019 | +2.4% | 46 | 20% |
| Price-to-rent ratio | 15.8 | 34 | 20% |
| Price-to-income ratio | 4.3 | 37 | 20% |
| 12-month price change | +3.3% | 17 | 20% |
This is not investment advice. Learn how the inputs are scored: methodology. See all 292 ranked cities: crash risk by city.
Grand Rapids homes available and time on market
In September 2026 the Grand Rapids, MI metro listed 2,182 homes for sale, +17.0% from a year earlier and −27.7% compared with the same month in 2019. A price cut appeared on 21.3% of listings, while the median time to sell was 42 days, 2.4% above 2019.
| Grand Rapids, MI metro, September 2026 | Value | On a year |
|---|---|---|
| Active listings | 2,182 | +17.0% |
| New listings | 1,304 | |
| Median days on market | 42 | +7.8% |
| Median list price | $399,900 | +0.6% |
| Share with a price cut | 21.3% |
Metro inventory data comes from Realtor.com® Economic Research. Realtor.com data. All metros: days on market by city.
Living costs in Grand Rapids
The Zillow Observed Rent Index puts the usual asking rent in Grand Rapids at $1,602 each month, 4.3% higher than a year earlier. At that rent level, a typical home costs 15.8 years of rent. Census ACS 2024 puts median household income at $70,515, making the usual home worth 4.3 years of income. BEA gives the metro a price index of 95.5, compared with a US average of 100, while its housing cost index is 86.6.
The salary needed to move there, plus rent and prices: living costs in Grand Rapids.
More housing markets across Michigan
- Detroit figure $74,742.
- Ann Arbor value $517,346.
- Lansing figure $166,379.
- Kalamazoo figure $238,251.
- Traverse City $444,107
Statewide: Michigan housing market.
How to read this chart
Each point uses the Zillow Home Value Index for Grand Rapids, which follows a typical home in the market's middle third and shows a smoothed, seasonally adjusted value in the month's dollars. The hollow dot shows the slider month. The terracotta dot shows the newest month. These figures do not account for inflation, and the index represents the typical home rather than any one property: use the card above it or the appreciation calculator to estimate one home's value from its sale price.