Grand Rapids, Michigan is a moderately-sized city with a population of 193,887 people. Grand Rapids has a population density of 4,362 people per square mile. This would be considered well above the national population density level. According to the most recent Census, 68% of Grand Rapids residents are White, 20% Black and 2% Asian. Grand Rapids could be a great place for young adults and students as the average age of 31 years old is below the nation’s average.
Living in Grand Rapids can be a positive experience for anyone relocating to the city. Having said that, in the state of Michigan, there are many desirable places to live, so choose wisely! The best areas in Grand Rapids and in surrounding cities are easier to find when you are able to make informed decisions. Using data from amenities, cost of living, weather, education, housing, you will see a detailed breakdown of the most important information as well as comparisons to the Michigan and national averages.
Grand Rapids, MI receives 66/100 for it’s livability score; this results in a ranking of #382 in Michigan and #16,273 in the USA. If we check out each of the categories individually, we see that Grand Rapids ranks well for amenities (A+), cost of living (B) and housing (B-). Unfortunately for Grand Rapids, there are some categories for which it does not score well, this includes: crime (F), weather (D-), education (F) and employment (D-).
Grand Rapids real estate prices and overall affordability will play a huge role in determining if the area is the right fit for you. Of course there are probably some other items on your “wish list”, but even before they are considered, let’s take a look at the home prices and affordability in Grand Rapids. Median real estate prices in Grand Rapids come in at $113,600, which is 11.1% lower than the Michigan average. The home price to income ratio compares the median home prices to the median household income. In Grand Rapids, the home price to income ratio is 2.7, which is 8% higher than the Michigan average. Purchasing your new home can come with many financial benefits, some of which are more lucrative than others. Perhaps the most notable benefit could be the appreciation of your new home. Home appreciation rates are a good way to generate tax-free equity on a long term basis. The year over year appreciation rates in Grand Rapids were 12.5%, and the 5 year appreciation rates came in at 12.5%.
|Michgan Oaks, Grand Rapids||86||2.8||1,776|
|Ridgemoor, Grand Rapids||83||3.5||2,764|
|Eastgate, Grand Rapids||80||2.1||1,783|
|John Ball Park, Grand Rapids||80||2.6||3,923|
|East Grand Rapids, MI||87||2.5||11,297|
|North Muskegon, MI||83||37.4||3,785|