NUMBEO

Property Prices in Grand Rapids, MI, United States

Index Info
Price to Income Ratio: 2.27
Mortgage as Percentange of Income: 16.48%
Loan Affordability Index: 6.07
Price to Rent Ratio - City Centre: 6.97
Price to Rent Ratio - Outside of Centre: 5.45
Gross Rental Yield (City Centre): 14.34%
Gross Rental Yield (Outside of Centre): 18.34%
Rent Per Month [ Edit ] Range
Apartment (1 bedroom) in City Centre 1,116.67 $ 700.00-1,500.00
Apartment (1 bedroom) Outside of Centre 767.00 $ 600.00-900.00
Apartment (3 bedrooms) in City Centre 1,628.57 $ 1,200.00-2,000.00
Apartment (3 bedrooms) Outside of Centre 1,058.33 $ 750.00-1,700.00
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 3.98 3.38-4.54

These data are based on 77 entries in the past 18 months from 17 different contributors.
Last update: July 2018

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