Grand Rapids, MI Real Estate

According to census data in the year 2000 there were 78,003 housing units in Grand Rapids. This represents a 5.8% growth from 73,716 in 1990.

Of those housing units, 78,003 were located in either urbanized areas or urban clusters, and none were located in what is classified as a rural area.

Homeownership rate in Grand Rapids is about 59.8%. Grand Rapids's vacancy rate, including seasonal lodging, is about 6%. Average household size is 2.57 people.

The majority of houses, apartments or condos in Grand Rapids were built after 1951.


Housing Size

Housing Units by Size
Studio Type2.60%
One Bedroom14.80%
Two Bedrooms30.20%
Three Bedrooms37%
Four Bedrooms12.60%
Five Bedrooms or more2.80%
As % of Housing Units

Owned Homes, Apartments and Condos

Average Household Size2.73
Median year structure was built1950
Median Value of occupied units$91,400
Median Price asked for vacant units$76,200

Rented Homes, Apartments and Condos

Average Household Size2.33
Median year structure was built1954
Median Monthly Rent asked for vacant units$453

Owners Finance Status

Housing Finance
Second Mortgage & Equity Loan0.40%
Second Mortgage4.90%
Home Equity Loan8.60%
Simple Mortgage56%
Debt Free30%
As % of Housing Units
Median part of Monthly Household Income dedicated to covering home ownership costs16.9%