Market Datavs. 1 year ago
30-year mortgage6.58%▼ -0.16 pts15-year mortgage5.96%▲ +0.09 pts10-year Treasury4.65%▲ +0.23 ptsMortgage spread1.93 pts▼ -0.39 ptsMedian list price$430k▼ -2.5%List $/sqft$228▼ -2.1%Days on market53 +0 daysActive listings1.1M▲ +1.9%New listings463k▲ +2.4%Pending sales506k▲ +4.9%Housing starts1.43M▲ +3.5%Building permits1.37M▼ -1.8%New-home sales628k▼ -5.6%Existing-home sales4.09M▲ +2.8%Months of supply9.3▲ +0.3 moMortgage delinquency1.89%▲ +0.12 pts
as of Jul 2026

Grand Rapids Metro Area Real Estate Market

Current real estate market data, news and analysis for the Grand Rapids-Wyoming-Kentwood, MI metropolitan area — 1.2M residents across 5 counties in Michigan.

Median Sale Price$370,000+2.8% YoY
Months of Supply1.4residential supply
Days on Market7median
Population1.2Mmetro area

Data as of May 2026. Sources: Redfin Data Center, U.S. Census Bureau.

Latest Grand Rapids Real Estate News

Coverage of this market is coming soon. Browse all housing market news.

Grand Rapids Real Estate Market Overview

Grand Rapids-Wyoming-Kentwood covers Kent, Ottawa, Barry, Ionia and Montcalm counties in western Michigan. Grand Rapids contains historic houses, brick commercial conversions, apartments, condominiums, duplexes and established streetcar-era neighborhoods. Wyoming and Kentwood include extensive postwar subdivisions, multifamily housing and industrial corridors. East Grand Rapids, Ada, Forest Hills, Rockford and other Kent County communities contain established detached homes, wooded subdivisions and newer development. Ottawa County extends the market toward Holland, Grand Haven and Lake Michigan, while Barry, Ionia and Montcalm counties add small cities, farms, lakes and lower-density residential properties.

Higher price tiers are generally associated with East Grand Rapids, Ada, Forest Hills, selected Heritage Hill and downtown properties, Rockford-area communities and lakefront or lake-access locations in Ottawa County. These areas often combine established schools, historic architecture, larger lots, water proximity or convenient access to employment centers. More attainable choices are commonly found in portions of Grand Rapids, Wyoming, Kentwood, Ionia, Greenville, Hastings and smaller outlying towns. Lower acquisition costs outside the urban core may be offset by longer commuting distances, limited transit, older mechanical systems or reliance on wells, septic systems and private roads.

The regional economy is supported by health care, manufacturing, furniture and design, food processing, logistics, education and professional services. Corewell Health and Trinity Health maintain major medical operations, while Grand Valley State University and other colleges support education and research. Amway is headquartered in Ada, and Steelcase, MillerKnoll and other manufacturers reflect the region’s long connection to office furniture and industrial design. Automotive suppliers, food companies, distribution facilities and construction businesses are spread across the metro. Downtown Grand Rapids, the Medical Mile, Kentwood, Walker, Holland and suburban industrial parks serve as separate employment centers.

Winter climate and water conditions are important ownership considerations. Lake-effect snow can increase roof, driveway and snow-removal demands, while freeze-thaw cycles affect foundations, pavement and exterior materials. Basements are common and should be reviewed for seepage, sump systems and sewer backups. Lake Michigan and inland-lake properties may require attention to erosion, flood exposure, shoreline rules, docks and septic systems. Public transit is concentrated in the Grand Rapids area, leaving many outer communities automobile-dependent. Buyers should verify the exact municipality or township, school assignment, utility provider, drainage, association obligations and whether nearby farmland or woodland is protected or planned for future development.

Cities and Towns in the Grand Rapids Metro Area

BeldingCarson CityCedar SpringsClarksvilleCoopersvilleEast Grand RapidsEdmoreFreeportGrand HavenGrand RapidsGrandvilleGreenvilleHastingsHollandHubbardstonHudsonvilleIoniaKent CityKentwoodLake OdessaLowellMiddlevilleMuirNashvillePewamoPortlandRockfordSand LakeSaranacSpartaStantonWalkerWyomingZeeland

Notable Communities and Neighborhoods

Ada VillageAlger HeightsBelknap LookoutBoston SquareBreton VillageDowntown Grand RapidsEast HillsEastownForest HillsGaslight VillageGrandville AvenueHeritage HillMidtownNorth QuarterRiver HouseRoosevelt ParkStandaleThe Highlands at RivertownWest GrandWest VillageWhispering Woods

Grand Rapids Real Estate Market FAQ

How is the Grand Rapids metro housing market geographically organized?

The market is centered on Grand Rapids, Wyoming and Kentwood and extends through suburban Kent County, the lakeshore communities of Ottawa County and smaller cities and rural areas in Barry, Ionia and Montcalm counties. Employment corridors, school districts, highways and proximity to Lake Michigan create distinct submarkets.

Which Grand Rapids-area locations generally sit in higher price tiers?

East Grand Rapids, Ada, Forest Hills, selected downtown and Heritage Hill properties, Rockford-area communities and lakefront portions of Ottawa County generally occupy higher tiers. School access, historic architecture, water proximity, larger lots and convenient travel to employment centers contribute.

What should buyers inspect in an older West Michigan home?

Buyers should review foundations, basements, roofs, insulation, electrical systems, plumbing, sewer lines and evidence of prior water intrusion. Older stucco, masonry, wood siding and converted multifamily properties may require additional specialized review.

What climate and property issues should Grand Rapids-area buyers investigate?

Buyers should consider lake-effect snow, ice dams, freeze-thaw cycles, basement moisture, severe storms and shoreline conditions. Rural and lakeshore properties may also require review of wells, septic systems, erosion, flood exposure and private-road maintenance.

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