Property Prices in Grand Rapids, MI, United States
| Index |  |
|---|---|
| Price to Income Ratio: | 2.68 |
| Mortgage as Percentage of Income: | 24.07% |
| Loan Affordability Index: | 4.16 |
| Price to Rent Ratio - City Centre: | 5.29 |
| Price to Rent Ratio - Outside of Centre: | 7.32 |
| Gross Rental Yield (City Centre): | 18.91% |
| Gross Rental Yield (Outside of Centre): | 13.66% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,825.00 $ | |
| Apartment (1 bedroom) Outside of Centre | 1,290.00 $ | |
| Apartment (3 bedrooms) in City Centre | 3,200.00 $ | |
| Apartment (3 bedrooms) Outside of Centre | 2,375.00 $ | |
Buy Apartment Price | Edit |
|
| Price per Square Feet to Buy Apartment in City Centre | 193.34 $ | |
| Price per Square Feet to Buy Apartment Outside of Centre | 193.33 $ | |
Salaries And Financing | Edit |
|
| Average Monthly Net Salary (After Tax) | 3,881.06 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.54 |
These data are based on 81 entries in the past 18 months from 26 different contributors.
Last update: February 2025
Sources and References
Sign Up for Our Newsletter:
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 |
This page in other languages:
Leave a comment:0 Comments so far