Real Estate Market Update for Grand Rapids, MI
Welcome to September's Market Update. Let’s take a look at residential real-estate activity in your area during the month of August. The number of active listings was down 41% from one year earlier, and did not change from the previous month. This smaller inventory means that buyers who waited to buy may have had a smaller selection to choose from. As you can see, the median listing price for the month was just under 170-thousand dollars. Compared to last year, the average number of days units spent on the market before being sold was down 44%. This lower number of days may signal a positive trend in the local inventory-turnover rate. The median sale price was just under 150-thousand dollars. The number of units sold increased 17% year-over-year, and held steady month-over-month. These latest figures are encouraging news for both buyers and sellers, indicating a positive trend in the marketplace. Thanks for watching. We hope you use this information to make smart, informed decisions in your upcoming real-estate transactions. Feel free to contact us for more information or further assistance.
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Map Information for Grand Rapids, MI
Area Information for Grand Rapids, MI
  • Population: 194,394
  • Median Age: 32.91 yr
  • Median Commute Time: 19 mins
  • Educational Climate*: 3
  • Sales Tax: 6%
  • Population Density: 4,377/sq mi
  • Population Change Since 2000: -1.52%
  • Closest Airport: Gerald R Ford International
  • Closest College: Kendall Clg Art-design-ferris State Univ
  • Closest Jr. College: Grand Rapids Community College
  • Median Household Income: $40,048
  • Annual Residential Turnover: 21%
  • Median Home Sales Price: $110,000
  • Closest Major Sports Team: West Michigan Whitecaps (a)
  • Change Avg. Household Income Since 2000: 13.17%
* Scale from 1-5  ** Index where 100 is the national average
Demographic Data for Grand Rapids, MI
Median Age: 32.91 Married: 30% Number of Households: 74,540 Households with Children: 21,341
Community:
    • Occupancy Types
      • 3599 Vacant
      • 8822 Owned
      • 12512 Rented
    • Transportation to Work
      • 43% Drive
      • 47% Public Transportation
      • 8% Walk / Bike / Other
      • 8% Work at Home
    National Index Comparisons:
    (100 National Average)
      • Population By Sex(%)
        • 50% Male
        • 50% Female
      • White/Blue Collar Jobs
        • 50% White Collar
        • 50% Blue Collar
      School Data for Grand Rapids, MI

      School Name Distance Type Grades School Rating Parent Rating
      River City Scholars Academy 0.5 mi Public K-8 1 0
      Gerald R. Ford Academic Center 0.6 mi Public K-8 1 0
      Hope Academy Of West Michigan 1.0 mi Public PRESCHOOL-12 1 0
      Grand Rapids Child Discovery Center 1.1 mi Public K-5 2 0
      Covenant House Academy Grand Rapids 1.1 mi Public 9-12 1 0
      Grand Rapids University Preparatory Academy 1.2 mi Public 6-12 1 4
      Catholic Central High School 1.4 mi Catholic 9-12 0 5
      Mulick Park Elementary School 1.4 mi Public K-5 1 0
      Wealthy School 1.5 mi Public K-5 5 0
      Innovation Central High School 1.6 mi Public 9-12 1 2
      Southwest Community Campus School 1.6 mi Public K-8 2 0
      Grand Rapids Montessori Public School 1.7 mi Public PRESCHOOL-12 2 0
      Ottawa Hills High School 1.7 mi Public 9-12 1 3
      New Branches Charter Academy 1.7 mi Public K-8 1 0
      William C. Abney Academy - Middle School 1.7 mi Public 6-8 1 0
      East Grand Rapids High School 1.8 mi Public 9-12 5 4
      Lakeside School 1.9 mi Public K-5 5 0
      Potters House School 2.0 mi Private PRESCHOOL-12 0 0
      Grand Rapids Christian High School 2.0 mi Private 9-12 0 4
      East Grand Rapids Middle School 2.0 mi Public 6-8 5 0
      Breton Downs School 2.1 mi Public K-5 5 4
      Vista Charter Academy 2.6 mi Public K-8 2 0
      Michigan Virtual Charter Academy 2.6 mi Public K-12 2 0
      Sibley School 2.7 mi Public PRESCHOOL-5 1 0
      Lee Middle And High School 2.7 mi Public 6-12 1 0
      Lee High School 2.7 mi Public 9-12 2 3
      Plymouth Christian High School 2.8 mi Private 7-12 0 0
      Nexus Academy Of Grand Rapids 2.9 mi Public 9-12 4 0
      Wellspring Preparatory High School 3.0 mi Public 9-12 4 4
      North Godwin Elementary School 3.0 mi Public K-4 3 0
      Godwin Heights Senior High School 3.1 mi Public 9-12 2 3
      Godwin Heights Learning Center 3.1 mi Public 9-12 1 0
      Godwin Heights Middle School 3.2 mi Public 5-8 2 0
      Stocking Elementary School 3.2 mi Public K-5 1 0
      West Michigan Lutheran High School 3.5 mi Private 9-12 0 5
      Rogers High School 3.5 mi Public 10-12 3 4
      City High Middle School 3.5 mi Public 7-12 5 4
      Harrison Elementary 3.6 mi Public PRESCHOOL-8 1 0
      Parkview Elementary School 3.7 mi Public K-4 1 0
      Jackson Park Intermediate 3.7 mi Public 5-6 0 3
      Sherwood Global Studies Academy 3.8 mi Public K-8 1 0
      Union High School 3.9 mi Public 9-12 2 4
      Northpointe Christian Middle/ High School 4.0 mi Private 9-12 0 0
      Knapp Charter Academy 4.3 mi Public PRESCHOOL-8 4 0
      Excel Charter Academy 4.3 mi Public K-8 5 4
      Bowen Elementary 4.4 mi Public K-5 2 0
      Gladiola Elementary School 4.4 mi Public K-4 1 0
      Oriole Park Elementary School 4.4 mi Public K-4 2 0
      Ridge Park Charter Academy 4.5 mi Public K-8 2 0
      Lighthouse Academy 4.5 mi Public 7-12 0 0
      Kelloggsville Middle School 4.5 mi Public 6-8 2 0
      West Elementary School 4.6 mi Public K-4 2 0
      Northern Hills Middle School 4.6 mi Public 7-8 5 0
      Forest Hills Northern High School 4.6 mi Public 9-12 5 4
      Collins Elementary School 4.6 mi Public K-4 4 0
      Shawmut Hills School 4.7 mi Public K-8 1 0
      Kelloggsville High School 4.7 mi Public 9-12 2 3
      West Catholic High School 4.7 mi Catholic 9-12 0 4
      Meadow Brook Elementary School 4.8 mi Public K-4 5 0
      Meadowlawn Elementary 4.8 mi Public K-5 2 0
      Crestwood Middle School 4.8 mi Public 6-8 3 0
      Grand Rapids Adventist Academy 4.9 mi Private K-12 0 0
      Valleywood Middle School 5.0 mi Public 6-8 1 0
      Grand River Preparatory High School 5.1 mi Public 9-12 4 4
      Southeast Kelloggsville School 5.2 mi Public 4-5 1 0
      Orchard View Elementary School 5.4 mi Public K-6 5 0
      Tri-unity Christian School 5.4 mi Private 9-12 0 0
      Brookwood Elementary 5.6 mi Public K-5 2 0
      North Park Montessori Academy 5.6 mi Public PRESCHOOL-6 3 0
      Challenger Elementary 5.6 mi Public K-5 1 0
      Ca Frost Environmental Science Academy 5.8 mi Public PRESCHOOL-9 3 0
      Glenwood Elementary 5.8 mi Public K-5 3 0
      Vanguard Charter Academy 5.8 mi Public K-9 4 0
      Walker Charter Academy 5.9 mi Public K-8 5 0
      Knapp Forest Elementary School 6.0 mi Public K-6 5 0
      Townline Elementary 6.2 mi Public PRESCHOOL-5 2 0
      Crossroads Alternative High School 6.2 mi Public 9-12 1 3
      West Oakview Elementary School 6.2 mi Public PRESCHOOL-4 2 0
      Forest Hills Central High School 6.4 mi Public 9-12 5 4
      Cummings Elementary School 6.4 mi Public PRESCHOOL-6 4 0
      Pinewood Middle School 6.4 mi Public 6-8 4 0
      East Kentwood High School 6.5 mi Public 10-12 2 3
      Discovery Elementary 6.5 mi Public K-5 4 0
      East Oakview Elementary School 6.6 mi Public K-4 2 0
      Covenant Christian High School 6.6 mi Private 9-12 0 0
      Zinser Elementary School 6.7 mi Public K-5 4 0
      Northview Alternative High School 6.7 mi Public 9-12 2 0
      Southwood Elementary 6.8 mi Public PRESCHOOL-5 3 0
      North Oakview Elementary School 6.9 mi Public K-4 2 0
      Crossroads Middle School 7.0 mi Public 7-8 3 0
      West Michigan Aviation Academy 7.0 mi Public 9-12 5 4
      Northview High School 7.1 mi Public 9-12 4 4
      Endeavor Elementary 7.2 mi Public K-5 4 0
      South Christian High School 7.2 mi Private 9-12 0 4
      West Mi Academy Of Environmental Science 7.2 mi Public PRESCHOOL-12 4 0
      Thornapple Elementary School 7.6 mi Public PRESCHOOL-4 5 0
      Central Elementary School 8.1 mi Public K-5 4 0
      Kenowa Hills High School 8.2 mi Public 9-12 2 3
      Kenowa Hills Middle School 8.4 mi Public 6-8 3 0
      Pine Ridge Elementary School 8.6 mi Public K-4 5 0
      Proximity to listed schools and their school district(s) does not guarantee enrollment eligibility. Please contact a local real estate professional or the local school district(s) for the most current information relating to schools in the area. Sources: Onboard Informatics © 2016. School Performance data by SchoolDigger.com. School Review data by Niche.com.
      Local Weather for Grand Rapids, MI
        Community information and market data Powered by Onboard Informatics. Copyright ©2016 Onboard Informatics. Information is deemed reliable but not guaranteed. * Based on a 30-year fixed rate of 4.75% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.