Property Prices in Grand Rapids, MI, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 2.73 |
| Mortgage as Percentage of Income: | 24.00% |
| Loan Affordability Index: | 4.17 |
| Price to Rent Ratio - City Centre: | 6.25 |
| Price to Rent Ratio - Outside of Centre: | 8.32 |
| Gross Rental Yield (City Centre): | 16.01% |
| Gross Rental Yield (Outside of Centre): | 12.02% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| 1 Bedroom Apartment in City Centre | 1,671.50 $ | |
| 1 Bedroom Apartment Outside of City Centre | 1,134.71 $ | |
| 3 Bedroom Apartment in City Centre | 2,468.00 $ | |
| 3 Bedroom Apartment Outside of City Centre | 2,092.17 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 194.51 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 193.38 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 3,829.56 $ | |
| Annual Mortgage Interest Rate (20-Year Fixed, in %) | 6.30 | |
These data are based on 89 entries from 24 contributors over the past 18 months.
Last update: 18 January 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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