Living in East Grand Rapids, MI
East Grand Rapids, MI is a charming suburb known for its family-friendly environment, top-rated schools, and beautiful parks. Residents enjoy a variety of recreational opportunities, from local shopping to outdoor activities on Reeds Lake. This close-knit community offers a high quality of life and a welcoming atmosphere.
Current Market Conditions in East Grand Rapids, MI
The real estate market in East Grand Rapids is currently robust, characterized by rising home prices and a competitive environment. Many homes receive multiple offers within days of listing, indicating strong demand fueled by the area's desirability and quality schools. Still, there remain opportunities for buyers, especially in newer developments offering modern amenities.
As families continue to flock to East Grand Rapids for its excellent school system and community resources, the demand for housing continues to outpace supply. New construction and renovations of older homes have also become popular, ensuring that properties meet modern standards while maintaining the area’s unique charm.
Home Value Estimator For East Grand Rapids, MI
There are currently 236 real estate properties
in East Grand Rapids, MI,
with a median automated valuation model (AVM) price
of $691,102.00. What is an AVM? It is
a smart computer program that analyzes and predicts the approximate value of a home,
property or land in East Grand Rapids, MI, based on current market
trends, comparable real
estate sales nearby, historical data and, of course, property features, among other
variables. These automated home estimates are often very helpful, providing buyers
and
sellers with a better idea of a home’s value ahead of the negotiation process. For
example,
the average home price in East Grand Rapids, MI,
is $895,156.00, with the most expensive house
in East Grand Rapids, MI, topping out
at $5,460,100.00 and the cheapest home
in East Grand Rapids, MI,
clocking in at $92,900.00. In other words, there’s
something for every potential homebuyer
or savvy investor in East Grand Rapids, MI!
Rent Prices
In East Grand Rapids, MI
With the expiration of certain local, state and federal housing-related restrictions
and
mandated programs, the rental market in East Grand Rapids, MI, is on
a rollercoaster ride. The
average rent price in East Grand Rapids, MI,
is $2,327.00. Indeed, when looking to rent in
East Grand Rapids, MI, you can expect to pay as little
as $1,120.00 or as much
as $3,480.00,
with the average rent median estimated to
be $2,250.00. The good news is that finding
an affordable and desirable property to rent in East Grand Rapids, MI
-- whether it’s apartments,
townhomes, condominiums or single-family homes -- is made easier with knowledge of
the
local market and, of course, a little patience.
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