Grand Ledge, MI Real Estate Data

Source & Methodology

Analytics built by:   Location, Inc.

Raw data sources:   American Community Survey (U.S. Census Bureau), U.S. Department of Housing and Urban Development, Federal Housing Finance Agency.

Date(s) & Update Frequency:
  • Home Values, Rents: Reflects Q3 2020. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2018 (latest available). Updated annually.

Methodology:   NeighborhoodScout uses over 600 characteristics to build a neighborhood profile… Read more about Scout's Real Estate Data

Grand Ledge Housing Market Information

With a population of 7,896, 1,896 total housing units (homes and apartments), and a median house value of $215,931, Grand Ledge real estate prices are well above average cost compared to national prices.

Single-family detached homes are the single most common housing type in Grand Ledge, accounting for 80.98% of the city's housing units. Other types of housing that are prevalent in Grand Ledge include large apartment complexes or high rise apartments ( 8.63%), mobile homes or trailers ( 4.74%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 3.31%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Grand Ledge. Owner-occupied housing accounts for 82.12% of Grand Ledge's homes, and 71.70% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Grand Ledge built from 1970 to 1999 so parts of town may have that "Brady Bunch" look of homes popular in the '70s and early '80s, although some of these houses were built up through the early '90s as well. There is also a lot of housing in Grand Ledge built between 1940-1969 ( 28.13%). A lesser amount of the housing stock also hails from between 2000 and later ( 21.73%). There's also some housing in Grand Ledge built before 1939 ( 12.13%).

Grand Ledge Home Appreciation Rates

Appreciation rates for homes in Grand Ledge have been tracking above average for the last ten years, according to NeighborhoodScout data. The cumulative appreciation rate over the ten years has been 45.02%, which ranks in the top 30% nationwide. This equates to an annual average Grand Ledge house appreciation rate of 3.79%.

NeighborhoodScout's data show that during the latest twelve months, Grand Ledge's appreciation rate, at 3.93%, has been at or slightly above the national average. In the latest quarter, Grand Ledge's appreciation rate has been 1.91%, which annualizes to a rate of 7.87%.

Relative to Michigan, our data show that Grand Ledge's latest annual appreciation rate is higher than 60% of the other cities and towns in Michigan.

One very important thing to keep in mind is that these are average appreciation rates for the city. Individual neighborhoods within Grand Ledge differ in their investment potential, sometimes by a great deal. Fortunately, you can use NeighborhoodScout to pinpoint the exact neighborhoods in Grand Ledge - or in any city or town - that have the best track record of real estate appreciation, by the latest quarter, the last year, 2 years, 5 years, 10 years, or even since 2000, to assist you in making the best Grand Ledge real estate investment or home purchase decisions.

Average Home Values

 
info

Median Home Value:
$215,931

Grand Ledge, MI HOME PRICES

> $1,251,000
0.0%
0.0%
$939,001 - $1,251,000
0.0%
0.0%
$626,001 - $939,000
0.0%
0.0%
$500,001 - $626,000
1.3%
1.3%
$375,001 - $500,000
2.5%
2.5%
$250,001 - $375,000
21.2%
21.2%
$125,001 - $250,000
51.0%
51.0%
$62,001 - $125,000
12.3%
12.3%
$0 - $62,000
11.7%
11.7%
0.0% 100.0%
% OF HOMES
Value Relative To State

High for Nation

High for MI

Value Relative To Nation

Number Of Homes And Apartments:
1,896

Grand Ledge Appreciation Rates

 
Time Period Total Appreciation Avg. Annual Rate Compared To
MI*
Compared To
America*
Latest Quarter:
2020 Q2 - 2020 Q3
Last 12 Months:
2019 Q3 - 2020 Q3
Last 2 Years:
2018 Q3 - 2020 Q3
Last 5 Years:
2015 Q3 - 2020 Q3
Last 10 Years:
2010 Q3 - 2020 Q3
Since 2000:
2000 Q1 - 2020 Q3
30.42% 1.29%
5
1
* 10 is highest

Rent & Ownership

 
info

Average Market Rent:
$995 / per month

Homeownership Rate

Owners
82.1%
82.1%
Renters
17.9%
17.9%
Vacant
3.3%
3.3%
0.0% 100.0%
% OF HOMES

Housing Market Details

 
info

Age of Homes

2000 or Newer
21.7%
21.7%
1970 - 1999
38.0%
38.0%
1940 - 1969
28.1%
28.1%
1939 or Older
12.1%
12.1%
0.0% 100.0%
% OF HOMES

Types of Homes

Single-Family
81.0%
81.0%
Townhomes
2.2%
2.2%
Small Apt. Buildings
3.3%
3.3%
Apt. Complexes
8.6%
8.6%
Mobile Homes
4.7%
4.7%
Other
0.1%
0.1%
0.0% 100.0%
% OF HOMES

Home Size

No Bedroom
0.5%
0.5%
1 Bedroom
5.2%
5.2%
2 Bedrooms
17.6%
17.6%
3 Bedrooms
49.0%
49.0%
4 Bedrooms
22.7%
22.7%
5 or more bedrooms
5.0%
5.0%
0.0% 100.0%
% OF HOMES