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
Leyton Dr2042$564,1002,015 Sq.Ft.4/22/2021Liberty St6442$211,8131,515 Sq.Ft.12/20/2024Library St4322$679,0001,447 Sq.Ft.4/24/2025Lilac Ct1531$270,4001,358 Sq.Ft.8/26/2021Lillian St1N/A1$240,0001,575 Sq.Ft.2/5/2024Lilly St1931$247,4711,588 Sq.Ft.5/20/2025Lime Hollow Dr3243$602,1562,597 Sq.Ft.12/15/2021Limestone Ln2022$265,7501,382 Sq.Ft.4/11/2025Linacre Ave542$319,7501,890 Sq.Ft.6/24/2024Lincoln Ave19131$267,7831,384 Sq.Ft.4/11/2025Lincoln Lawns Dr1932$310,7781,423 Sq.Ft.2/18/2025Lincolnshire Ct1832$231,4441,224 Sq.Ft.12/2/2024Lincolnshire Ln732$214,6674,076 Sq.Ft.4/9/2019Lincoln St5132$400,0271,639 Sq.Ft.2/16/2024Linda Ave2232$395,9551,387 Sq.Ft.11/6/2023Lindberg Ave3432$282,0592,217 Sq.Ft.5/1/2025Linden Ave18431$283,2663,129 Sq.Ft.3/11/2025Linden Dr11832$471,6342,408 Sq.Ft.5/8/2024Lindenwood Ct533$479,2001,856 Sq.Ft.12/13/2022Lindenwood Dr733$425,5711,627 Sq.Ft.6/16/2020Linnville Ct454$802,5002,568 Sq.Ft.7/23/2015Linson Ct744$908,7142,809 Sq.Ft.8/19/2022Linwood Dr4433$360,2051,360 Sq.Ft.8/23/2024Linwood St2131$267,0001,102 Sq.Ft.12/13/2024Lister Ct232$221,0001,338 Sq.Ft.10/27/2015Littlefield Dr1243$894,7503,229 Sq.Ft.1/25/2024Little Hampton Ct543$762,4002,158 Sq.Ft.9/3/2021Little Harbor Dr2633$701,0771,997 Sq.Ft.3/9/2018Little Timber Ct443$864,5002,446 Sq.Ft.4/13/2010Livingston Ave6142$387,2112,135 Sq.Ft.5/30/2025Loch Lomond Ave2832$384,5561,396 Sq.Ft.11/19/2024Lockhart Dr1331$316,7691,363 Sq.Ft.5/1/2024Lockhaven St143$533,0002,114 Sq.Ft.10/18/2002Lockmere Dr4443$393,7502,046 Sq.Ft.12/13/2024Lockridge Dr2631$289,3461,356 Sq.Ft.2/3/2025Lockwood St2032$347,8501,594 Sq.Ft.7/30/2024Locust Ave943$859,4442,546 Sq.Ft.11/17/2021Loftwood Dr642$363,0001,575 Sq.Ft.6/30/2023Logan St32031$298,4543,413 Sq.Ft.5/23/2025Loggers Run1943$873,7782,620 Sq.Ft.10/11/2024Loire Valley Dr643$638,8332,348 Sq.Ft.4/22/2021Londonderry Dr3142$380,4841,968 Sq.Ft.10/20/2023London St4631$196,6741,156 Sq.Ft.12/4/2024Long Grove Dr2743$467,5192,118 Sq.Ft.1/21/2025Longmeadow St4932$441,5921,926 Sq.Ft.2/25/2025Longview Ave1N/AN/A$377,000N/A7/27/2022Lonsdale Dr3032$391,1331,772 Sq.Ft.5/30/2023Lookout St431$279,2501,064 Sq.Ft.4/17/2025Loraine Ave1821$207,833823 Sq.Ft.8/7/2023Loralee St2932$337,7931,513 Sq.Ft.3/30/2022Loretta Dr532$284,2001,213 Sq.Ft.5/18/2015Lost Creek Trl443$545,2501,752 Sq.Ft.6/12/2019Lotus Ave5632$360,4461,538 Sq.Ft.9/25/2024Louis Campau Promenade10N/AN/AN/A3,398 Sq.Ft.12/14/2012Louise St1931$275,3161,059 Sq.Ft.8/28/2024Louisiana Ave621$198,8002,299 Sq.Ft.11/30/2015Louis St5N/AN/AN/A140,299 Sq.Ft.3/14/2012Lousma Dr22N/AN/AN/A20,295 Sq.Ft.10/17/2023Lovers Ln5132$404,2131,550 Sq.Ft.5/9/2025Lovett Ave4542$616,1251,972 Sq.Ft.2/27/2025Lowell Ave5031$337,8601,418 Sq.Ft.4/28/2025Lowemont Ct442$336,2501,422 Sq.Ft.6/18/2007Lowry Ct443$366,5001,792 Sq.Ft.9/10/2024Lucerne Dr6N/AN/AN/A24,321 Sq.Ft.7/6/2015Luce St14632$452,9442,078 Sq.Ft.5/16/2025Ludlow Dr432$347,2501,012 Sq.Ft.3/20/2025Luray Ave4231$366,4291,699 Sq.Ft.10/22/2024Lurie St1831$235,0001,487 Sq.Ft.7/7/2023Luther St631$249,6671,127 Sq.Ft.8/7/2015Luton Ave1242$339,2501,667 Sq.Ft.6/14/2024Luxe Ct2N/AN/AN/AN/A2/23/2009Luxemburg St2442$573,0831,979 Sq.Ft.12/10/2021Lydia St4931$237,8781,201 Sq.Ft.1/27/2025Lyles St3331$269,9091,005 Sq.Ft.9/20/2023Lynch St5741$209,5001,506 Sq.Ft.6/20/2024Lyn Haven Dr9822$328,2351,221 Sq.Ft.5/29/2025Lynne Ln1832$361,9441,500 Sq.Ft.11/14/2024Lyon St19732$379,3455,035 Sq.Ft.5/2/2025Macey Dr1343$500,3851,994 Sq.Ft.12/2/2024Mack Ave3631$250,5831,162 Sq.Ft.3/21/2025Mackinaw Rd2942$663,4142,294 Sq.Ft.4/18/2023Macnider Rd532$447,5004,075 Sq.Ft.4/19/2024Macomb Ave5032$334,8131,445 Sq.Ft.4/18/2025Madera Ct1N/AN/AN/AN/AN/AMaderia Ave1632$311,7501,306 Sq.Ft.1/16/2024Madison Ave74132$343,1762,974 Sq.Ft.5/15/2025Madison Ct1532$302,0671,034 Sq.Ft.1/31/2025Maethy St3931$244,1541,061 Sq.Ft.4/8/2025Magellan Dr643$501,6001,654 Sq.Ft.8/29/2018Magnolia Ave3521$235,200939 Sq.Ft.4/9/2024Maguire Ave4533$471,2221,755 Sq.Ft.5/29/2025Maguire Ct1532$444,5711,676 Sq.Ft.10/21/2019Mahesh Dr444$1,589,2507,182 Sq.Ft.N/AMahogany Ct1444$1,088,4292,840 Sq.Ft.6/21/2024Mahogany Way254$1,224,5003,765 Sq.Ft.8/14/2015Maidstone Ct533$659,0002,366 Sq.Ft.12/6/2021Majestic St6331$241,4921,035 Sq.Ft.9/4/2024Mall Dr5N/A1N/A4,762 Sq.Ft.3/29/2021Malta St4131$259,7071,135 Sq.Ft.1/29/2025Manchester Hills Ct545$1,927,8003,563 Sq.Ft.8/24/2020629 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
1222 Wieland Pl NWGrand Rapids, MI 49504
Estimated Value $198,000
Living Area 980 SqFt
Beds 4
Baths 1
Year Built 1910
Property Type Single Family
Ownership Type Individual
APN 41-13-13-383-023
Neighborhood West Grand
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
824 Union Ave NEGrand Rapids, MI 49503
Estimated Value $299,000
Living Area 1,043 SqFt
Beds 3
Baths 1
Year Built 1945
Property Type Single Family
Ownership Type Individual
APN 41-14-19-278-003
Neighborhood Highland Park
School District Grand Rapids Public Schools
300 Morris Ave SEGrand Rapids, MI 49503
Estimated Value $650,000
Living Area 2,728 SqFt
Beds 5
Baths 1.5
Year Built 1917
Property Type Single Family
Ownership Type Individual
APN 41-14-30-452-011
Neighborhood Heritage Hill
School District Grand Rapids Public Schools
417 Leonard St NEGrand Rapids, MI 49503
Estimated Value $264,000
Living Area 1,581 SqFt
Beds 4
Baths 1.5
Year Built 1928
Property Type Single Family
Ownership Type Corporate
APN 41-14-18-462-019
Neighborhood Creston
School District Grand Rapids Public Schools
940 Monroe Ave NW #124Grand Rapids, MI 49503
Estimated Value $262,000
Living Area 691 SqFt
Beds 1
Baths 1
Year Built 1892
Property Type Condominium
Ownership Type Individual
APN 41-13-24-285-030
Neighborhood Belknap Lookout
School District Grand Rapids Public Schools
943 4th St NWGrand Rapids, MI 49504
Estimated Value $230,000
Living Area 999 SqFt
Beds 2
Baths 1
Year Built 1957
Property Type Single Family
Ownership Type Individual
APN 41-13-23-410-016
Neighborhood West Grand
School District Grand Rapids Public Schools
505 Cherry St SE #308Grand Rapids, MI 49503
Estimated Value $243,000
Living Area 473 SqFt
Beds 1
Baths 1
Year Built 1949
Property Type Condominium
Ownership Type Trust
APN 41-14-30-408-049
Neighborhood Heritage Hill
School District Grand Rapids Public Schools
419 Hopson St NEGrand Rapids, MI 49503
Estimated Value $186,000
Living Area 755 SqFt
Beds 2
Baths 1
Year Built 1954
Property Type Single Family
Ownership Type Individual
APN 41-14-19-255-028
Neighborhood Belknap Lookout
School District Grand Rapids Public Schools
40 Monroe Center St NW #311Grand Rapids, MI 49503
Estimated Value $423,000
Living Area 1,158 SqFt
Beds 1
Baths 1
Year Built 1875
Property Type Condominium
Ownership Type Individual
APN 41-13-25-287-054
Neighborhood Downtown
School District Grand Rapids Public Schools
512 Lyon St NE #2Grand Rapids, MI 49503
Estimated Value $361,000
Living Area 770 SqFt
Beds 1
Baths 1
Year Built 1919
Property Type Condominium
Ownership Type Multiple
APN 41-14-30-257-007
Neighborhood Heritage Hill
School District Grand Rapids Public Schools
228 Madison Ave SEGrand Rapids, MI 49503
Estimated Value $727,000
Living Area 3,589 SqFt
Beds 5
Baths 2
Year Built 1921
Property Type Single Family
Ownership Type Individual
APN 41-14-30-451-005
Neighborhood Heritage Hill
School District Grand Rapids Public Schools
933 California St NWGrand Rapids, MI 49504
Estimated Value $232,000
Living Area 938 SqFt
Beds 3
Baths 1
Year Built 1947
Property Type Single Family
Ownership Type Individual
APN 41-13-26-278-029
Neighborhood John Ball Park
School District Grand Rapids Public Schools
740 Clancy Ave NEGrand Rapids, MI 49503
Estimated Value $269,000
Living Area 1,315 SqFt
Beds 2
Baths 2
Year Built 2019
Property Type Residential Vacant Land
Ownership Type Corporate
APN 41-14-19-327-009
Neighborhood Belknap Lookout
School District Grand Rapids Public Schools
940 Monroe Ave NW #323Grand Rapids, MI 49503
Estimated Value $344,000
Living Area 985 SqFt
Beds 2
Baths 1
Year Built 1892
Property Type Condominium
Ownership Type Individual
APN 41-13-24-285-130
Neighborhood Belknap Lookout
School District Grand Rapids Public Schools