Compared to national averages, Grand Rapids has a significantly lower cost of living, with a median home price around $290,000. Investors will find this affordability extending to rent, offering promising returns for landlords. The average rent in Grand Rapids sits comfortably above $1,400, which means healthy rental yields and consistent cash flow.
Major players in healthcare, education, and automotive manufacturing like Spectrum Health and Steelcase call this city home, fostering consistent job growth and a reliable demand for housing. The city prioritizes innovation and entrepreneurship, further diversifying the economy and positioning itself for long-term prosperity.
Grand Rapids isn't a static landscape. Vibrant neighborhoods like Downtown and Midtown are undergoing exciting transformations, attracting young professionals and families with cutting-edge restaurants, craft breweries, and art galleries. Established areas like East Hills and Creston offer charming historic homes and strong community vibes. This diversity caters to a range of demographics and investment strategies, ensuring something for everyone, especially real estate investors.
Popular Streets in Grand Rapids, Michigan
Burton St70332$340,8533,825 Sq.Ft.5/23/2025College Ave70332$350,4392,373 Sq.Ft.5/23/2025Division Ave88131$257,8207,191 Sq.Ft.5/22/2025Eastern Ave1,06532$294,4175,251 Sq.Ft.5/28/2025Fuller Ave69231$287,0972,307 Sq.Ft.5/23/2025Lafayette Ave63332$304,7562,176 Sq.Ft.5/20/2025Leonard St1,00332$346,7993,569 Sq.Ft.5/28/2025Madison Ave74132$343,1762,974 Sq.Ft.5/15/2025Paris Ave67432$343,0919,395 Sq.Ft.5/23/2025Union Ave68332$340,8892,028 Sq.Ft.5/28/2025All Streets in Grand Rapids, Michigan
Ramblewood Dr1032$346,6001,578 Sq.Ft.6/24/2024Ramona St311$193,0004,697 Sq.Ft.10/26/2011Ranch Dr2833$420,7141,920 Sq.Ft.11/21/2023Randall Ave6743$402,2311,675 Sq.Ft.5/16/2025Randolph Ave13N/A2$286,0006,064 Sq.Ft.10/14/2014Ranger Hills Dr943$654,2222,290 Sq.Ft.5/19/2008Ransom Ave8N/AN/AN/A22,904 Sq.Ft.10/31/2013Ravanna Ave1232$288,8331,135 Sq.Ft.11/6/2024Ravine Dr732$307,4291,382 Sq.Ft.4/19/2024Ravine Vista Dr1422$363,9291,506 Sq.Ft.6/28/2023Ravinewood Cir1732$405,0591,715 Sq.Ft.11/15/2021Rawlings St4N/A1$211,0006,620 Sq.Ft.5/16/2005Raybrook St942$488,00060,247 Sq.Ft.12/10/2010Raymond Ave8131$313,2221,256 Sq.Ft.5/21/2025Rear Fennessy St1N/AN/AN/AN/A3/13/2012Rebecca Ct1431$347,0771,422 Sq.Ft.1/25/2024Red Bud Cir623$506,8331,632 Sq.Ft.11/18/2024Red Bud Ln743$728,5712,340 Sq.Ft.8/17/2017Redford Dr543$544,2502,197 Sq.Ft.11/9/2023Red Oak Ct1122$493,8181,505 Sq.Ft.4/14/2016Reeds Crossing Dr2023$637,8001,679 Sq.Ft.4/14/2022Reeds Hill Ct422$683,0001,661 Sq.Ft.6/28/2019Reeds Hollow Dr1522$647,2001,660 Sq.Ft.5/27/2022Reeds Lake Blvd11743$1,125,8752,788 Sq.Ft.4/11/2025Reeds Lake Ct754$2,305,8573,744 Sq.Ft.7/28/2020Reeds Point Ct423$789,0001,661 Sq.Ft.3/14/2013Reed St142$451,0001,564 Sq.Ft.3/1/1988Regal Ave1232$253,2001,830 Sq.Ft.8/30/2024Regent St5131$288,2751,479 Sq.Ft.4/17/2025Regina St631$275,500987 Sq.Ft.5/27/2022Reiser Ave2331$232,545963 Sq.Ft.4/18/2024Remembrance Rd12732$319,4637,045 Sq.Ft.9/27/2024Remington Way2722$290,1851,105 Sq.Ft.6/10/2024Remy Ct922$480,3331,463 Sq.Ft.8/31/2023Rena St1731$205,0671,228 Sq.Ft.12/21/2021Rennslaer St831$243,6251,365 Sq.Ft.3/3/2025Revere St1132$271,1821,238 Sq.Ft.4/15/2024Rexford Dr1332$586,3851,695 Sq.Ft.12/31/2024Reynard St5732$330,6491,366 Sq.Ft.10/18/2024Reynoldsburg Dr1632$369,5331,451 Sq.Ft.2/8/2021Rhodes Ave3231$236,969998 Sq.Ft.1/29/2025Richards Ave7431$280,9181,465 Sq.Ft.11/8/2024Richards Dr7532$438,3201,271 Sq.Ft.5/28/2025Richard Ter2242$429,5712,577 Sq.Ft.4/1/2025Rich Ct932$283,0001,001 Sq.Ft.10/17/2024Richmond Ct632$302,1671,328 Sq.Ft.9/29/2021Richmond St34932$315,1482,744 Sq.Ft.3/28/2025Richview Ave2343$406,9571,580 Sq.Ft.9/13/2022Richwood Dr1942$348,3681,830 Sq.Ft.12/21/2022Rickman Ave3332$334,8751,475 Sq.Ft.5/23/2025Ridge Ave1N/AN/AN/AN/A9/22/2022Ridgebrook Ave4053$345,9001,863 Sq.Ft.12/13/2024Ridgebrook Ct852$329,0002,038 Sq.Ft.9/29/2022Ridgecroft Ave4643$621,5432,365 Sq.Ft.5/16/2025Ridgecroft Dr7921$191,0251,028 Sq.Ft.5/23/2025Ridgefield Dr1832$483,1112,101 Sq.Ft.3/27/2024Ridge Glen Ct542$360,4001,689 Sq.Ft.4/26/2018Ridgeline Dr2343$416,4782,548 Sq.Ft.9/4/2024Ridgemont Ct543$552,8002,140 Sq.Ft.11/19/2019Ridgemont Dr1243$589,6672,056 Sq.Ft.3/26/2025Ridgemoor Dr7432$418,5562,240 Sq.Ft.5/28/2025Ridge Port Dr2044$790,8503,013 Sq.Ft.6/2/2025Ridgeview Ln653$631,2002,477 Sq.Ft.11/10/2021Ridgeview St1242$365,7501,680 Sq.Ft.2/10/2023Ridgeway St1531$279,6001,154 Sq.Ft.1/29/2025Ridgewood Ave13132$449,4461,763 Sq.Ft.5/30/2025Ridgewood St6231$247,0001,089 Sq.Ft.2/14/2025Riemen Ct442$346,5001,540 Sq.Ft.12/10/2020Riemen Dr2432$343,4581,587 Sq.Ft.8/27/2021Rifle Range Rd1N/AN/AN/AN/AN/ARimrock Ct1243$445,6672,418 Sq.Ft.2/7/2025Rimrock Dr843$441,5002,791 Sq.Ft.10/11/2022Rinquette Pl5N/A2$208,0001,524 Sq.Ft.12/30/2004Ritzema Ct242$177,0003,909 Sq.Ft.7/25/2013Riva Ridge Dr2943$585,4142,287 Sq.Ft.10/21/2022Rivendell Dr833$339,1251,246 Sq.Ft.3/22/2023Riverbank Ave3421$301,3551,558 Sq.Ft.11/7/2022Riverbend Dr6542$393,5261,632 Sq.Ft.3/20/2024Rivercrest St731$265,1431,226 Sq.Ft.3/31/2021River Dr2942$449,33321,815 Sq.Ft.7/28/2021Riveredge Dr2243$685,6822,601 Sq.Ft.9/13/2024River Hill Dr5532$362,1942,013 Sq.Ft.3/5/2025Riverlands Ct2222$583,0452,341 Sq.Ft.6/5/2024River Ln235$868,0003,793 Sq.Ft.8/17/1992River Ridge Dr3N/AN/AN/A42,429 Sq.Ft.7/17/2012Riverside Dr9131$302,4111,211 Sq.Ft.4/1/2025Riverton Ave2743$681,6672,178 Sq.Ft.5/23/2025River Valley Rd1N/AN/A$485,000N/AN/ARiverview Ave2331$255,0001,153 Sq.Ft.10/23/2023Riverview Ter1N/A1N/A1,585 Sq.Ft.12/24/1999Riverwood Ln744$1,272,2863,287 Sq.Ft.5/3/2018Riviera Ct1422$209,643910 Sq.Ft.12/12/2023Riviera Dr2422$209,417910 Sq.Ft.8/15/2023Rix St1N/AN/AN/A144 Sq.Ft.N/ARoaming Ct643$474,0003,014 Sq.Ft.2/21/2019Roaming Dr2443$469,9172,726 Sq.Ft.8/12/2019Roanoke Dr1442$389,7141,517 Sq.Ft.9/14/2022Robertson St343$370,6671,853 Sq.Ft.10/21/1994Robey Pl2532$251,8001,155 Sq.Ft.1/7/2025Robinhood Ct433$481,0001,829 Sq.Ft.4/1/2024832 1st St NWGrand Rapids, MI 49504
Estimated Value $272,000
Living Area 1,750 SqFt
Beds 5
Baths 2
Year Built 1890
Property Type Single Family
Ownership Type Individual
APN 41-13-23-482-001
Neighborhood John Ball Park
School District Grand Rapids Public Schools
418 Shirley St NEGrand Rapids, MI 49503
Estimated Value $137,000
Living Area 935 SqFt
Beds 2
Baths 1
Year Built 1925
Property Type Single Family
Ownership Type Individual
APN 41-14-19-255-004
Neighborhood Belknap Lookout
School District Grand Rapids Public Schools
918 Hovey St SWGrand Rapids, MI 49504
Estimated Value $263,000
Living Area 1,609 SqFt
Beds 4
Baths 2
Year Built 1900
Property Type Single Family
Ownership Type Related
APN 41-13-26-431-002
Neighborhood John Ball Park
School District Grand Rapids Public Schools
1036 Lafayette Ave NEGrand Rapids, MI 49503
Estimated Value $234,000
Living Area 2,240 SqFt
Beds 2
Baths 2
Year Built 1910
Property Type Single Family
Ownership Type Multiple
APN 41-14-19-129-006
Neighborhood Belknap Lookout
School District Grand Rapids Public Schools
56 Union Ave NEGrand Rapids, MI 49503
Estimated Value $292,000
Living Area 1,696 SqFt
Beds 4
Baths 1
Year Built 1890
Property Type Single Family
Ownership Type Corporate
APN 41-14-30-278-009
Neighborhood Midtown
School District Grand Rapids Public Schools
940 Monroe Ave NW #116Grand Rapids, MI 49503
Estimated Value $199,000
Living Area 574 SqFt
Beds 1
Baths 1
Year Built 1892
Property Type Condominium
Ownership Type Related
APN 41-13-24-285-026
Neighborhood Belknap Lookout
School District Grand Rapids Public Schools
4 Union Ave NEGrand Rapids, MI 49503
Estimated Value $381,000
Living Area 1,824 SqFt
Beds 4
Baths 1.5
Year Built 1910
Property Type Single Family
Ownership Type Individual
APN 41-14-30-280-017
Neighborhood Midtown
School District Grand Rapids Public Schools
545 Fountain St NEGrand Rapids, MI 49503
Estimated Value $564,000
Living Area 2,749 SqFt
Beds 4
Baths 2
Year Built 1890
Property Type Single Family
Ownership Type Individual
APN 41-14-30-252-049
Neighborhood Heritage Hill
School District Grand Rapids Public Schools
629 Lafayette Ave NEGrand Rapids, MI 49503
Estimated Value $203,000
Living Area 1,214 SqFt
Beds 3
Baths 1
Year Built 1890
Property Type Single Family
Ownership Type Corporate
APN 41-14-19-333-025
Neighborhood Belknap Lookout
School District Grand Rapids Public Schools
911 North Ave NE #1Grand Rapids, MI 49503
Estimated Value $165,000
Living Area 734 SqFt
Beds 2
Baths 1
Year Built 1983
Property Type Condominium
Ownership Type Corporate
APN 41-14-19-185-016
Neighborhood Belknap Lookout
School District Grand Rapids Public Schools
918 11th St NWGrand Rapids, MI 49504
Estimated Value $229,000
Living Area 1,099 SqFt
Beds 3
Baths 2
Year Built 1910
Property Type Single Family
Ownership Type Related
APN 41-13-23-276-005
Neighborhood West Grand
School District Grand Rapids Public Schools
609 Windsor Ter SEGrand Rapids, MI 49503
Estimated Value $428,000
Living Area 2,530 SqFt
Beds 4
Baths 2
Year Built 1900
Property Type Single Family
Ownership Type Trust
APN 41-14-30-429-015
Neighborhood East Hills
School District Grand Rapids Public Schools
218 Gunnison Ave SWGrand Rapids, MI 49504
Estimated Value $202,000
Living Area 1,770 SqFt
Beds 4
Baths 2
Year Built 1890
Property Type Single Family
Ownership Type Individual
APN 41-13-26-477-006
Neighborhood John Ball Park
School District Grand Rapids Public Schools
940 Monroe Ave NW #405AGrand Rapids, MI 49503
Estimated Value $197,000
Living Area 430 SqFt
Beds 1
Baths 1
Year Built 1893
Property Type Condominium
Ownership Type Individual
APN 41-13-24-285-275
Neighborhood Belknap Lookout
School District Grand Rapids Public Schools
335 Bridge St NW #2301Grand Rapids, MI 49504
Estimated Value $504,000
Living Area 1,495 SqFt
Beds 2
Baths 2
Year Built 2007
Property Type Condominium
Ownership Type Multiple
APN 41-13-24-453-059
Neighborhood John Ball Park
School District Grand Rapids Public Schools
1101 Alpine Ave NWGrand Rapids, MI 49504
Estimated Value $175,000
Living Area 890 SqFt
Beds 2
Baths 1
Year Built 1895
Property Type Single Family
Ownership Type Individual
APN 41-13-23-229-042
Neighborhood West Grand
School District Grand Rapids Public Schools