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 Units by Size|
|Five Bedrooms or more||2.80%|
Owned Homes, Apartments and Condos
|Average Household Size||2.73|
|Median year structure was built||1950|
|Median Value of occupied units||$91,400|
|Median Price asked for vacant units||$76,200|
Rented Homes, Apartments and Condos
|Average Household Size||2.33|
|Median year structure was built||1954|
|Median Monthly Rent asked for vacant units||$453|
Owners Finance Status
|Second Mortgage & Equity Loan||0.40%|
|Home Equity Loan||8.60%|
|Median part of Monthly Household Income dedicated to covering home ownership costs||16.9%|