Property Prices in Grand Rapids, MI, United States
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| Index |  |
|---|---|
| Price to Income Ratio: | 2.69 |
| Mortgage as Percentage of Income: | 24.09% |
| Loan Affordability Index: | 4.15 |
| Price to Rent Ratio - City Centre: | 5.17 |
| Price to Rent Ratio - Outside of Centre: | 7.42 |
| Gross Rental Yield (City Centre): | 19.34% |
| Gross Rental Yield (Outside of Centre): | 13.48% |
Rent Per Month |  Edit |
Range |
|---|---|---|
| Apartment (1 bedroom) in City Centre | 1,900.00 $ | |
| Apartment (1 bedroom) Outside of Centre | 1,258.33 $ | |
| 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) | 3,865.89 $ | |
| Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate | 6.51 |
These data are based on 85 entries from 27 contributors over the past 18 months.
Last update: April 2025
Sources and References
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