Median real estate price in the City Center of Grand Ledge is $125,412, which is more expensive than 47.8% of the neighborhoods in Michigan and 28.4% of the neighborhoods in the U.S.
The average rental price in Grand Ledge City Center is currently $838, based on NeighborhoodScout's exclusive analysis. Rents here are currently lower in price than 65.1% of Michigan neighborhoods.
Grand Ledge City Center is a suburban neighborhood (based on population density) located in Grand Ledge, Michigan.
Real estate in the City Center of Grand Ledge, MI is primarily made up of medium sized (three or four bedroom) to small (studio to two bedroom) single-family homes and apartment complexes/high-rise apartments. Most of the residential real estate is owner occupied. Many of the residences in the City Center neighborhood are relatively historic, built no later than 1939, and in some cases, quite a bit earlier. A number of residences were also built between 1970 and 1999.
Vacant apartments or homes are a major fact of life in Grand Ledge City Center. The current real estate vacancy rate here is 20.9%. This is higher than the rate of vacancies in 86.4% of all U.S. neighborhoods. In addition, most vacant housing here is vacant year round. This can sometimes be the case in neighborhoods dominated by new construction that is not yet occupied. But often neighborhoods with vacancy rates this high are places that can be plagued by a protracted vacancy problem. If you live here, you may find that a number of buildings in your neighborhood are actually empty.