Grand Rapids, MI 49546 Real Estate Market Report
ZIP Code: 49546
Report Date: May 2026
Market Temperature: NEUTRAL
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
Note: 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
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
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 neighborhood's representative recent sale shows a median sold price of $459,000, which should be treated as the primary indicator of current market value and recent transaction activity; sellers listing at $674,900 suggest a significant ask-to-sale spread that may indicate pricing friction between seller expectations and realized transaction prices.
-
Liquidity appears muted: the market's median days on market is 292, which points to slower sales velocity and suggests that transactions are taking considerably longer to close than in faster-moving markets; this should be interpreted as softening time-to-contract rather than definitive weak demand.
-
Price and rent momentum are positive at present: year-over-year price movement is up and rent year-over-year trend is up, while market temperature is classified as neutral, implying a balanced market environment despite upward pressure on values.
-
Rental context supports investor interest: the median market rent is $1,881, and with rents trending up, landlords may see improving cashflow dynamics even as sales take longer; interest rate pressure is labeled moderate, which could temper leveraged buyer activity.
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 at market average
Sold above market average
Grand Rapids, MI 49546 Real Estate Market Report
ZIP Code: 49546
Report Date: May 2026
Market Temperature: NEUTRAL
Scope: This ZIP code analysis focuses on condominium properties. Metrics are calculated from recent condo 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
Note: 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
Note: The relationship between property values and rental rates reflects different market dynamics. Higher-priced properties may have lower rental yields due to factors such as luxury market positioning, owner-occupancy preferences, or long-term appreciation strategies rather than immediate rental income maximization.
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 median sold price is 400,000, which serves as the primary indicator of current market value and — with the observed price trend up — suggests ongoing appreciation in recent transactions.
-
The median days on market is 323, indicating slower sales velocity and, combined with a relatively constrained active supply in the analyzed sample, may indicate pricing friction that could prolong time-to-contract for some listings.
-
The market shows a median price per square foot of 263 alongside a median market rent of 1,800, and the rent trend is up, which suggests strengthening rental fundamentals that may support buyer interest in SFR and condominium asset classes.
-
Overall market temperature is reported as neutral while interest rate pressure is moderate, implying a balanced transaction environment where financing costs could moderate upside pricing but do not currently push the market decisively in either direction.
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 above 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, 6.5% rate, 0.8% tax
Avg nightly rate and occupancy for this ZIP
Data Sources
Real estate market data & public records, and GemHaus® proprietary models.
Report generated: 5/1/2026
Get personalized market intelligence
Analyze properties in Grand Rapids, MI with valuations, rental estimates, highest-and-best-use signals, and operating costs.