Market Snapshot
- Median listing price
- $299K
- Median rent
- $1,474/mo
- Days on market
- 261 days
- Gross rental yield
- 5.93%
- STR vs LTR
- $2,732/mo STR · $1,474/mo LTR
The median listing price in Grand Rapids, MI ZIP 49503 is $298,500 as of June 2026.
The median market rent in Grand Rapids, MI ZIP 49503 is $1,474/month as of June 2026.
The median days on market in Grand Rapids, MI ZIP 49503 is 261 days as of June 2026. The market is currently neutral.
At a median list price of $298,500 and a median rent of $1,474/month, the gross rental yield in Grand Rapids, MI ZIP 49503 is 5.93% as of June 2026.
In Grand Rapids, MI ZIP 49503, median Airbnb revenue is $2,732/month compared to median long-term rent of $1,474/month as of June 2026.
Grand Rapids, MI 49503 Real Estate Market Report
ZIP Code: 49503
Report Date: June 2026
Scope: This ZIP code analysis focuses on single-family residential (SFR) properties. Metrics are calculated from recent sales and active listings within the past 90 days.
Market Overview
This analysis is based on a sample of properties from this ZIP code (up to 200 sold properties and up to 100 active properties). The median prices below are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Market Metrics
The property counts shown above represent only the properties analyzed in this report sample, not the total inventory for this ZIP code. Median prices are calculated from all available properties in the sample, while trend analysis uses properties from the selected analysis window.
Rental Market
Property Taxes
Liquidity & Velocity
Note: A Sale-to-List Ratio near 100% can occur when properties sell at or near their final listing price after price adjustments during the listing period, even when initial listing prices differ significantly from sale prices.
Market Trends & Context
Understanding Market Temperature
A Neutral market indicates balanced conditions where neither buyers nor sellers have a strong advantage, typically characterized by flat price trends, extended but stable days on market, and moderate inventory relative to sales.
Key Findings
- The primary market indicator is the median sold price of 258,000, which represents the most reliable signal of recent transaction-level market value and should be the focal point for pricing decisions; up price year-over-year trend supports modest appreciation.
- There is a notable spread between the median listing price of 298,500 and the median sold price of 258,000, which appears to signal pricing friction where seller expectations may exceed recent transaction outcomes and could create negotiation opportunities for buyers.
- Liquidity appears muted: the median days on market of 261 suggests slower sales velocity even as the marketTemperature is neutral, indicating a relatively balanced market rather than a pronounced seller or buyer advantage.
- Interest rate pressure is elevated, which is a negative signal for affordability and may cool buyer urgency; concurrently, rent and pricing fundamentals show strength—median market rent is 1,474 and median price per square foot is 183—with rent year-over-year trend up, implying rental demand is supporting broader price resilience.
Notable Properties
The following 8 properties represent notable market examples and recent transactions that illustrate key market dynamics. These are illustrative examples selected for their significance (top sales, market benchmarks, quick sales) and are not the basis for the statistical calculations shown above.
Recent Transactions
Highest sale in the past 90 days. Fully renovated with modern finishes and premium lot positioning.
Sold above market average
Sold below market average
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Representative market sale establishing baseline for properties in the core neighborhood.
Sold below market average
Sold below market average
Investment Analysis
Compare rental income potential against ownership costs and benchmark against market averages.
Monthly rental income vs estimated ownership cost
20% down, 6.50% rate, 0.7% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 6/1/2026
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