Market Snapshot
- Median listing price
- $272K
- Median rent
- $1,495/mo
- Days on market
- 256 days
- Gross rental yield
- 6.58%
- STR vs LTR
- $1,581/mo STR · $1,495/mo LTR
The median listing price in Grand Rapids, MI ZIP 49504 is $272,450 as of June 2026.
The median market rent in Grand Rapids, MI ZIP 49504 is $1,495/month as of June 2026.
The median days on market in Grand Rapids, MI ZIP 49504 is 256 days as of June 2026. The market is currently neutral.
At a median list price of $272,450 and a median rent of $1,495/month, the gross rental yield in Grand Rapids, MI ZIP 49504 is 6.58% as of June 2026.
In Grand Rapids, MI ZIP 49504, median Airbnb revenue is $1,581/month compared to median long-term rent of $1,495/month as of June 2026.
Grand Rapids, MI 49504 Real Estate Market Report
ZIP Code: 49504
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
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.
Current Mortgage Rate Context
Market-level mortgage rate comparison for this area:
Current 30-year fixed mortgage rates in Grand Rapids, MI, average approximately 6.53% to 6.69%, reflecting a market where property owners who originated loans earlier in 2026 may see minimal variance in their interest costs.
Note: Interest rate comparisons provide market context. The existing "Interest Rate Pressure" metric above shows the qualitative market impact.
Key Findings
- median sold price 275,500 is the primary indicator of recent market value and completed transactions in ZIP 49504; this represents the most reliable snapshot of what buyers actually paid and should be prioritized over asking prices when setting comps or pricing offers.
- The median listing price 272,450 sits close to the median sold price, which suggests seller expectations are broadly in line with recent transaction levels and may indicate limited pricing friction between offers and closed deals.
- The median days on market 256 signals slower sales velocity and extended marketing periods; this long time-to-contract may indicate lower liquidity and suggests buyers currently have more negotiation room than in faster-turning markets.
- With median market rent 1,495 and median price per square foot 180 alongside a rent year-over-year trend that is up, rental demand appears supportive; however, elevated interest rate pressure (rates ~6.53%–6.69%) is elevated and may constrain buyer affordability and dampen near-term demand.
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 above 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, 6.53% 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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