Grand Rapids Real Estate Market

As of June 2026, the median home listed in Grand Rapids, MI asks $432,475 — up 1.8% from a year ago. Homes are taking a median of 33 days to go under contract, and 16% of the 1,686 active listings have taken a price cut, which points to a seller-leaning market. Based on public records and industry data, updated monthly.

Grand Rapids scores 60/100 on our composite Investor Score (#255 of 932 covered metros), a percentile blend of momentum, value, rental yield, supply and market-heat readings; the metro's long-run house price index has it up 57% over five years and +127% over ten, leaving prices 97% above its own 2000–2019 trend; at the published FY2026 fair market rent of $1,479/mo for a two-bedroom, the gross rental yield on the median listing is about 4.1%; active inventory sits at 65% of its June 2019 level, so supply is still below pre-pandemic norms; listing prices are up 1.8% year over year; all against a national 30-year fixed mortgage rate of 6.43% (national weekly average, 2026-07-02).

Grand Rapids faces housing shortages and rising prices, yet Realtors remain, indicating sustained market activity. — AI-generated summary of the headlines above; read the linked coverage before relying on it.