Aug 2026
$308K
+2.7% year-over-year
How it’s calculated
Rolling 3-month median sale price vs. same 3 months one year prior.
Grand Rapids, MI
Daily-refreshed real estate signals + Three-Opinion home-price methodology for Grand Rapids, MI. Built for agents; free to read.
Grand Rapids, MI’s median sale price is $308K as of Aug 2026 — +2.7% year over year. Pecan Street tracks Grand Rapids with its Three-Opinion home-price methodology (Redfin, FHFA HPI, and Zillow ZHVI), with no market signals flagged right now.
Headline
Sep 18, 2026
7.04%
30-year fixed
Where it comes from
National benchmark: Optimal Blue OBMMI 30-year conforming, via FRED. An average of rates borrowers have actually locked, updated daily.
The same rate appears on every market page.
Principal & interest
$1,644/mo
$70K/yr income needed
How it’s calculated
Payment — this market’s median sale price with 20% down, on a 30-year fixed loan at the rate shown. Principal and interest only — no property tax, insurance, PMI or HOA.
Income needed — that payment at 28% of gross income. A rule of thumb, not a lending decision.
How Grand Rapids compares to other U.S. metros
| Days on market | ↓176th of 194 |
|---|---|
| Price cuts | ↑18th of 194 (top 10%) |
| Price-to-rent | ↓139th of 195 |
| Home-price growth | 81st of 195 (top 42%) |
Rank across the U.S. metros Pecan Street tracks, on market data alone — a higher rank means more of that measure (more price cuts, faster price growth, a wider asking-vs-sale gap, a higher price-to-rent ratio, or more days on market). The bar shows where this metro sits within that metric’s own cohort (left is more, right is less); ↑ and ↓ mark the positions furthest from the middle, and rows are ordered the same way. Metrics without data for this metro are omitted.
Affordability
| Price-to-rent ratio | ≈ 13 -2.5% YoY ↓139th of 195 |
|---|---|
| Asking price / sq ft | $217 +4.6% YoY |
Price-to-rent divides the median sale price by the annual HUD Fair Market Rent (a 3-bedroom, 40th-percentile benchmark), so it is a directional rent-vs-buy read, not a cap rate; its year-over-year change is directional in the same way. Asking price per square foot is the median across active for-sale listings (Realtor.com), as of Aug 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market pressure
| Listings with a price cut | ≈ 50% +0.5 pts YoY ↑18th of 194 (top 10%) |
|---|---|
| New housing units permitted | 275 |
Price-cut share is the portion of active for-sale listings that have taken a price reduction (Realtor.com), as of Aug 2026. New housing units authorized by residential building permits in the metro that month — new supply in the pipeline, which counts of existing listings don't capture (US Census Bureau, Building Permits Survey), as of Jul 2026. The bar under a figure places this metro among the U.S. metros we track on that measure, highest first.
Market facts
| ZIPs with listing data | 12 shown of 75 |
|---|---|
| MLS board of record | — |
| Price methodology | Three-Opinion · Redfin · FHFA HPI · Zillow ZHVI |
| Data as of | Aug 2026 |
Recent signals
No signals flagged for this market right now.
Price reconciliation
normal · 1.8ppRedfin (city) +2.7% | FHFA HPI · Q2 2026 +4.5% |
Year-over-year home-price change from two independent methods — Redfin (monthly sold price) and FHFA (quarterly repeat-sales index). When they diverge, the market is mid-shift; cite the figure with that in mind.
More markets in MI
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Try it freeZIP-level data
| ZIP | Median list price | Active listings | New listings | Price reductions | Days on market | Home value |
|---|---|---|---|---|---|---|
| 49315 | $625K↑ | 60↑ | 40↑ | 40 | 38↓ | $464K↑ |
| 49316 | $578K↑ | 65↑ | 24↓ | 24↑ | 56↑ | $447K↑ |
| 49341 | $550K↑ | 95↑ | 52↑ | 52↑ | 38↑ | $462K↑ |
| 49417 | $489K↓ | 92↑ | 48↓ | 28↓ | 43↑ | $404K↑ |
| 49424 | $457K↓ | 88↑ | 40↑ | 40↑ | 39↓ | $394K↑ |
| 49426 | $525K↑ | 61↓ | 56↑ | 32↓ | 30↓ | $429K↑ |
| 49456 | $500K↑ | 96↑ | 40↑ | 36↑ | 51↓ | $423K↑ |
| 49503 | $315K↓ | 83↑ | 32↓ | 36↑ | 47↑ | $289K↑ |
| 49504 | $305K | 56↓ | 52↑ | 36↓ | 30↓ | $291K↑ |
| 49506 | $399K↓ | 67↑ | 40↑ | 36↑ | 38↓ | $437K↑ |
| 49507 | $260K↑ | 69↓ | 44 | 40↑ | 37↓ | $243K↑ |
| 49525 | $505K↑ | 58↑ | 40↑ | 36↑ | 37↓ | $388K↑ |
ZIP figures from Realtor.com listing data; home value from Zillow ZHVI. ZIP codes shown have the most complete listing-data history and active for-sale inventory in this metro; the latest available month is shown per ZIP. Arrows show the direction of each figure against the same three months a year earlier; no arrow means the change rounds to zero or the comparison isn't available.