County Housing Costs

Grand Rapids city, MI home values

Official source data 2024

Median owner-occupied home value

$244,500

Census ACS 2020-2024 estimate

This is a historical survey median of owner-occupied homes, not a current median sale price.

4.49%1-year FHFA change
8.41%5-year annualized change

FHFA metro context: Grand Rapids-Wyoming-Kentwood, MI, 2026Q2.

Explore a future-value scenario.

Your entered scenario gives $366,141 after 5 years.

The trend behind the value.

Grand Rapids-Wyoming-Kentwood, MI quarterly metropolitan series. FHFA all-transactions index, not seasonally adjusted. Latest reported period: 2026Q2. These changes describe the wider metropolitan market containing this place’s county parts, using the 2023 metropolitan boundaries.

FHFA home-price index for Grand Rapids-Wyoming-Kentwood, MI2015Q32026Q2391165
FHFA appreciation over reported periods
PeriodCumulative changeAnnualized change
1 year4.49%4.49%
5 years49.75%8.41%
10 years125.73%8.48%

FHFA index datasets and methodology

See the math.

Starting amount×(1 + annual rate)years=$366,141

Annualized appreciation uses CAGR: (ending index ÷ starting index)1/years − 1. A cumulative 5-year increase and an annual rate are different numbers.

A constant growth rate is an assumption. Repairs, financing costs, inflation and transaction costs are not included in this value calculation.

Good questions. Clear answers.

What is the median home value in Grand Rapids city?

The ACS 2020-2024 survey reports $244,500 for owner-occupied homes. This is not a current sale-price median.

Is this the median home price in 2026?

No. The page uses the latest imported ACS five-year home-value estimate, dated 2024. It does not relabel historical survey data as 2026 transaction prices.

What is the average annual appreciation?

The reported annualized changes use FHFA index endpoints and CAGR. County annual indexes, metropolitan quarterly indexes and state context have the geographic and time scopes labeled above.

Can I predict my home’s value with this calculator?

It shows compound growth under an entered rate. An individual property may perform differently; the result is not an appraisal or forecast.

Does the chart show inflation-adjusted growth?

No. The imported FHFA index describes nominal values. Inflation, maintenance and ownership costs are not subtracted.

Check the source.

Data as of 2024. Retrieved .

Read the assumptions and calculation methods