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Fixer Upper Homes in Grand Rapids, MI

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Living in Grand Rapids, MI

Grand Rapids, MI offers a rich blend of culture, outdoor recreation, and a strong economy. With a thriving arts scene, diverse neighborhoods, and ample amenities, it’s an inviting choice for families and professionals alike. Outdoor enthusiasts will appreciate close proximity to parks and Lake Michigan, providing opportunities for adventure.

Current Market Conditions in Grand Rapids, MI

The Grand Rapids real estate market remains competitive with steady demand. There has been a noticeable increase in home prices due to a limited supply and a growing population. Houses are selling quickly, often above the asking price, reflecting the area's desirability.

Recent trends show a heightened interest in suburban homes as remote work continues to influence buyer preferences. Buyers are looking for more space and outdoor amenities, which has led to strong sales in single-family homes in surrounding neighborhoods.

Home Value Estimator For Grand Rapids, MI

There are currently 94,571 real estate properties in Grand Rapids, MI, with a median automated valuation model (AVM) price of $324,140.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in 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 Grand Rapids, MI, is $381,765.00, with the most expensive house in Grand Rapids, MI, topping out at $17,430,630.00 and the cheapest home in Grand Rapids, MI, clocking in at $14,975.00. In other words, there’s something for every potential homebuyer or savvy investor in Grand Rapids, MI!

Rent Prices In Grand Rapids, MI

With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Grand Rapids, MI, is on a rollercoaster ride. The average rent price in Grand Rapids, MI, is $1,734.00. Indeed, when looking to rent in Grand Rapids, MI, you can expect to pay as little as $530.00 or as much as $3,820.00, with the average rent median estimated to be $1,650.00. The good news is that finding an affordable and desirable property to rent in 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.

Grand Rapids, MI Fixer Upper Homes

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