The story of this market
The typical home in ZIP 49503 sells for about $313,250, or $270 per square foot.
Prices are up +20.5% from a year ago, so sellers still have some momentum. Homes take about 27 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,301 a month.
ZIP 49503 — Grand Rapids
The 49503 housing market remains highly competitive with significant year-over-year price appreciation, though inventory remains tight. While sales are moving quickly, elevated vacancy rates in the rental market suggest potential demand imbalances. Figures for rent, tax rates, and specific school ratings were not available at the ZIP level and are omitted.
This ZIP is suited for investors who can price in higher management friction and turnover, as well as residents seeking proximity to the Grand Rapids urban core.
Median prices moved up 20.5% year over year.
Homes spend a median of 27 days on market with 0.0 months of supply — a fast-moving market.
0% of listings have cut prices · homes sell at 102% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 20.7% — a mixed stability profile.
ZCTA 49503, Kent County MI
Grand Rapids serves as a regional economic hub with diverse employment sectors, though specific development momentum for this ZIP is not detailed in current reports.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
The mean travel time to work for residents in this ZIP is approximately 18.5 minutes.
The area exhibits elevated vacancy rates of approximately 8.8%, which may signal weakening demand in the rental sector.
The local economy is anchored by the broader Grand Rapids-Wyoming-Kentwood metropolitan area, which features a mix of healthcare, manufacturing, and education sectors.
Data retrieved from Census Reporter and Census Bureau ZCTA profiles.
- Craig's Cruisers - Grand Rapids4.47.1 mi
- Dave & Buster's Kentwood4.15.4 mi
- Sky Zone Grand Rapids4.25.6 mi
- Main Event Grand Rapids4.24.7 mi
- Rebounderz Grand Rapids - Indoor Trampoline and Adventure Park4.47.7 mi
- Frederik Meijer Gardens & Sculpture Park4.83.9 mi
- Van Andel Arena4.50.6 mi
- DeVos Place4.50.9 mi
- Grand Rapids Downtown Market4.60.8 mi
- Founders Brewing Co4.30.8 mi
- Frederik Meijer Gardens & Sculpture Park4.83.9 mi
- John Ball Zoo4.62.2 mi
- Millennium Park4.74.9 mi
- Celebration! Cinema4.54.3 mi
- Grand Rapids Public Museum4.70.9 mi
- Frederik Meijer Gardens & Sculpture Park4.83.9 mi
- Grand Rapids Public Museum4.70.9 mi
- Grand Rapids Children's Museum4.60.4 mi
- Grand Rapids Art Museum4.60.7 mi
- The Gerald R. Ford Presidential Museum4.71 mi
- Frederik Meijer Gardens & Sculpture Park4.83.9 mi
- Millennium Park4.74.9 mi
- Riverside Park4.63.5 mi
- Belknap Park4.61.4 mi
- Rosa Parks Circle4.60.7 mi
- Murray Lake Marina4.415.2 mi
- Mines Golf Club4.32.9 mi
- Thornapple Pointe Golf Club4.510.4 mi
- Watermark Country Club4.66.6 mi
- Quail Ridge Golf Club410.8 mi
- Gimme's Par and Grill4.80.7 mi
- Woodland Mall4.34.8 mi
- Tanger Outlets Grand Rapids4.410.5 mi
- RiverTown Crossings4.47.5 mi
- Grand Rapids Downtown Market4.60.8 mi
- Horrocks Market4.66.2 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).