Home Values

Grand Rapids Home Prices & Values

Zillow Home Value Index

The Zillow Home Value Index is the median Zestimate valuation for a given geographic area on a given day. Learn more

None

  • None 1-year change
  • None 1-year forecast

The median list price per square foot in Grand Rapids is $140, which is lower than the Itasca County average of $140. The median price of homes currently listed in Grand Rapids is $169,000 while the median price of homes that sold is $173,990. The median rent price in Grand Rapids is $320.

Mortgage delinquency is the first step in the foreclosure process. This is when a homeowner fails to make a mortgage payment. The percent of delinquent mortgages in Grand Rapids is 2.3%, which is lower than the national value of 6.4%. With U.S. home values having fallen by more than 20% nationally from their peak in 2007 until their trough in late 2011, many homeowners are now underwater on their mortgages, meaning they owe more than their home is worth. The percent of Grand Rapids homeowners underwater on their mortgage is 15.4%, which is higher than Itasca County at 14.3%.

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Relative ZHVI
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Grand Rapids Market Overview

Data through Dec 31, 2014
  • No data ZHVI
  • No data 1-yr forecast
  • $169,000 Median listing price
  • No recent data Median sale price
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Grand Rapids Market Health

Data through Dec 31, 2014
  • No recent data
  • No data Average days on Zillow
  • 15.4% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 2.3% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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US Metro Areas

Name Median ZHVI
Los Angeles Metro $532,900
New York Metro $385,400
Washington Metro $366,000
Name Median ZHVI
Miami-Fort Lauderdale Metro $211,900
Philadelphia Metro $204,300
Chicago Metro $189,500
Name Median ZHVI
Atlanta Metro $155,000
Dallas-Fort Worth Metro $152,600
Houston Metro $152,600

Listings & Sales

Data through Dec 31, 2014
  • $140 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • 10.1% Listings with price cut
15.4%
Sold below listing
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Grand Rapids Rentals

Data through Dec 31, 2014
  • Zillow Rent Index

  • $1,237 Grand Rapids
    $1,227 Itasca County
    $1,345 United States

    The Zillow Rent Index is the median Rent Zestimate valuation for a given geographic area on a given day. Learn more

  • No data Breakeven horizon
  • No recent data Rent list price
  • No data Rent list price / sq ft
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