The median home in Grand Rapids, Michigan is valued at $292,103, up 2.7% year over year. Typical monthly rent is $1,692, producing a price-to-rent ratio of 14.4x — below the national average of 18x. Grand Rapids is part of the Grand Rapids-Kentwood, MI metropolitan area, which CrashWatch tracks daily with real-time stress scores and crash risk analysis.
See the full metro analysis: Grand Rapids-Kentwood, MI stress score, crash risk, and 12-month forecast →
Home Value$292,103
+2.7%
Rent$1,692/mo
AFFORDABILITYRenting $293/mo cheaper ($1,692 rent)6.50% 30yr, 20% down, county tax + MI ins. 28% per HUD.
Enter your income for Grand Rapids.
$58,421 on $292,103
Stretch — 31.8% of income
Above 28% but manageable with cuts.
PITI$1,985
P/I31.8%
Afford$258K
Gap-$35K
P&I $1,477Tax $375Ins $133
Home Buying Kit For Dummies (2025)Financing, negotiation, closing
Other cities in Michigan
Compare Grand Rapids with other housing markets across Michigan.
Full Grand Rapids-Kentwood, MI analysis
Stress scores, crash risk, early warning signals, and 12-month price forecasts for the Grand Rapids-Kentwood, MI metro.
View Grand Rapids-Kentwood, MI metro →