Home Values

Kentwood 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

$133,300

  • 6.8% 1-year change
  • 2.3% 1-year forecast

Market Temperature

Based on three metrics—sale-to-list price ratio, the prevalence of price cuts on home listings, and time-on-market—the market temperature provides information on the current balance of bargaining power between buyers and sellers in this city relative to other cities in the same metropolitan area. A particular city may be identified as a good market for buyers in a metro market favorable to sellers overall. Learn more

Hot

Buyers' Market
Sellers' Market

The median home value in Kentwood is $133,300. Kentwood home values have gone up 6.8% over the past year and Zillow predicts they will rise 2.3% within the next year. The median list price per square foot in Kentwood is $90, which is higher than the Grand Rapids Metro average of $88. The median price of homes currently listed in Kentwood is $137,900 while the median price of homes that sold is $129,647. The median rent price in Kentwood is $925, which is higher than the Grand Rapids Metro median of $859.

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 Kentwood is 2.7%, 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 Kentwood homeowners underwater on their mortgage is 13.0%, which is lower than Grand Rapids Metro at 14.6%.

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Relative ZHVI
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Kentwood Market Overview

Data through Jan 31, 2015
  • $133,300 ZHVI
  • 2.3% 1-yr forecast
    The Zillow Home Value Forecast is Zillow's prediction of what the Zillow Home Value Index will be one year from now. Learn more
    (Jan 31, 2016)
  • $137,900 Median listing price
  • $129,647 Median sale price
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Kentwood Market Health

Data through Jan 31, 2015
  • 2.9/10 Less healthy
    The Market Health Index illustrates the current health of a region's housing market relative to other markets across the country. The Market Health Index is based on up to 10 metrics including those capturing the past and projected evolution of home values, the prevalence of foreclosures, foreclosure re-sales, negative equity and delinquency, as well as whether homes are currently selling faster or slower than in the past.
    (Dec 31, 2014)
  • No data Average days on Zillow
  • 13.0% Homes with negative equity (16.9% US Avg) (Sep 30, 2014)
  • 2.7% Delinquent on mortgage (6.4% US Avg) (Sep 30, 2014)
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Nearby Cities

Name Median ZHVI
East Grand Rapids $314,300
Forest Hills $298,300
Cascade Township $267,700
Name Median ZHVI
Caledonia Township $224,000
Grand Rapids Township $218,300
Gaines Township $191,900
Name Median ZHVI
Cutlerville $137,500
Grand Rapids $102,100
Wyoming $101,200

Listings & Sales

Data through Jan 31, 2015
  • $90 Median list price / sq ft
  • No recent data Median sale price / sq ft
  • No data Listings with price cut
33.4%
Sold below listing
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Kentwood Rentals

Data through Jan 31, 2015
  • Zillow Rent Index

  • $1,110 Kentwood
    $1,133 Grand Rapids Metro
    $1,350 United States

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

  • 1.5 Breakeven horizon
    The breakeven horizon is the number of years after which buying is more financially advantageous than renting. Learn more
    (Jun 30, 2014)
  • $925 Rent list price
  • $0.76 Rent list price / sq ft
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