Grand Rapids home values (September 2026)

The typical home in the Grand Rapids, MI metro is worth $355,636, +4.9% over the last 12 months. Updated monthly from Zillow Research data.

Typical value: $355,636
1-year change: +4.9%
5-year change: +29.7%
10-year change: +103.9%

Typical home value, Grand Rapids metro, last 10 years. Source: Zillow Research (ZHVI).

Where Grand Rapids stands

#56 most expensive of the 100 largest U.S. metros; #9 by 1-year price growth.
At or near its all-time high ($355,636).

Home equity in Grand Rapids

At an 85% combined loan-to-value cap, a typical $355,636 home supports up to $302,291 of total borrowing. With a typical mortgage still owed, about $103,134 of equity would be available as a line of credit. Run your own numbers in the HELOC calculator.

Compare nearby metros

Detroit, MI — $264,316 (+1.8% 1-yr)
Tampa, FL — $356,843 (-0.9% 1-yr)
Chicago, IL — $355,650 (+5% 1-yr)
Jacksonville, FL — $350,574 (-0.1% 1-yr)
Albuquerque, NM — $348,674 (+1.5% 1-yr)

Frequently asked questions

What is the typical home value in Grand Rapids?

The typical home in the Grand Rapids, MI metro area is worth about $355,636 as of September 2026, according to the Zillow Home Value Index (mid-tier homes, seasonally adjusted). That ranks #56 of the 100 largest U.S. metros.

Are home prices in Grand Rapids going up or down?

Over the past 12 months the typical value changed +4.9% (#9 of 100 large metros by 1-year growth). Over 5 years it changed +29.7%, and over 10 years +103.9%. Values are at or near their all-time high.

How much home equity could a Grand Rapids homeowner borrow against?

Lenders typically cap combined loan-to-value at about 85%. On a typical $355,636 home that's $302,291 of total borrowing; after a typical existing mortgage (about 56% of value) roughly $103,134 would remain as a line of credit. This is an illustration, not an offer — your figure depends on your own balance, credit and appraisal.

Data: Zillow Research, Zillow Home Value Index (all homes, mid tier, smoothed and seasonally adjusted), September 2026. Equity figures are illustrative. Download the full dataset.