Property Prices in Grand Rapids, MI, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 2.82 |
| Mortgage as Percentage of Income: | 24.84% |
| Loan Affordability Index: | 4.03 |
| Price to Rent Ratio - City Centre: | 6.61 |
| Price to Rent Ratio - Outside of Centre: | 8.80 |
| Gross Rental Yield (City Centre): | 15.12% |
| Gross Rental Yield (Outside of Centre): | 11.36% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| 1 Bedroom Apartment in City Centre | $1,655.80 | |
| 1 Bedroom Apartment Outside of City Centre | $1,082.17 | |
| 3 Bedroom Apartment in City Centre | $2,460.00 | |
| 3 Bedroom Apartment Outside of City Centre | $2,155.00 | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | $204.52 | |
| Price per Square Feet to Buy Apartment Outside of Centre | $202.27 | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | $3,880.54 | |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 6.30 | |
These data are based on 65 entries from 18 contributors over the past 18 months.
Last update: 8 May 2026
Sources and References
Nearby Cities:| Property Prices in Allegan, Michigan | 40.17 miles |
| Property Prices in Saint Johns, Michigan | 68.93 miles |
| Property Prices in Fowlerville, Michigan | 96.67 miles |
| Property Prices in Ann Arbor, Michigan | 133.36 miles |
| Property Prices in Plymouth, Michigan | 141.78 miles |
| Property Prices in Ypsilanti, Michigan | 144.92 miles |
| Property Prices in Detroit, Michigan | 157.61 miles |
| Property Prices in Fort Wayne, Indiana | 171.99 miles |
| Property Prices in Chicago, Illinois | 182.35 miles |
| Property Prices in Toledo, Ohio | 184.95 miles |
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