NUMBEO

Property Prices in Grand Rapids, MI, United States

Index Info
Price to Income Ratio: 2.27
Mortgage as Percentange of Income: 16.70%
Loan Affordability Index: 5.99
Price to Rent Ratio - City Centre: 6.68
Price to Rent Ratio - Outside of Centre: 5.01
Gross Rental Yield (City Centre): 14.96%
Gross Rental Yield (Outside of Centre): 19.95%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 1,194.44 $ 700.00-1,500.00
Apartment (1 bedroom) Outside of Centre 806.36 $ 620.00-1,000.00
Apartment (3 bedrooms) in City Centre 1,633.33 $ 1,200.00-2,400.00
Apartment (3 bedrooms) Outside of Centre 1,212.50 $ 900.00-1,500.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 144.33 $ 125.33-200.00
Price per Square Feet to Buy Apartment Outside of Centre 75.86 $ 57.00-120.00
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 2,610.00 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.13 3.75-4.54

These data are based on 78 entries in the past 18 months from 17 different contributors.
Last update: October 2018

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