Property Prices in Grand Rapids, MI, United States

Index Info
Price to Income Ratio: 2.44
Mortgage as Percentange of Income: 18.19%
Loan Affordability Index: 5.50
Price to Rent Ratio - City Centre: 6.40
Price to Rent Ratio - Outside of Centre: 5.56
Gross Rental Yield (City Centre): 15.63%
Gross Rental Yield (Outside of Centre): 17.97%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 1,280.09 $ 1,000.00-1,800.00
Apartment (1 bedroom) Outside of Centre 912.92 $ 750.00-1,200.00
Apartment (3 bedrooms) in City Centre 1,866.00 $ 1,300.00-2,700.00
Apartment (3 bedrooms) Outside of Centre 1,345.45 $ 1,200.00-1,800.00
Buy Apartment Price [ Edit ]
Price per Square Feet to Buy Apartment in City Centre 151.80 $ 134.44-175.00
Price per Square Feet to Buy Apartment Outside of Centre 94.58 $ 66.33-117.06
Salaries And Financing [ Edit ]
Average Monthly Net Salary (After Tax) 2,720.36 $
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate 4.30 3.90-4.54

These data are based on 95 entries in the past 18 months from 25 different contributors.
Last update: October 2019

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DeutschImmobilienpreise in Grand Rapids
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