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Data on this report is based on areas within the legal city boundary, outlined in black on the map. Any additional neighborhoods shown on the map are associated with the city by name and are included for reference only.



Grandville, MI Real Estate Market

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 Q4 2023. Updated quarterly.
  • Setting, Housing Stock, Homeownership: 2022 (latest available). Updated annually.

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

Grandville, MI Housing Market Trends

With 15,866 people, 6,392 houses or apartments, and a median cost of homes of $280,845, Grandville real estate and house prices are near the national average for all cities and towns.

Single-family detached homes are the single most common housing type in Grandville, accounting for 67.77% of the city's housing units. Other types of housing that are prevalent in Grandville include large apartment complexes or high rise apartments ( 19.17%), row houses and other attached homes ( 8.05%), and a few duplexes, homes converted to apartments or other small apartment buildings ( 5.02%).

Owner-occupied, three and four bedroom dwellings, primarily in single-family detached homes are the most prevalent type of housing you will see in Grandville. Owner-occupied housing accounts for 72.88% of Grandville's homes, and 57.75% have either three or four bedrooms, which is average sized relative to America.

There is a lot of housing in Grandville 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 Grandville built between 1940-1969 ( 34.91%). A lesser amount of the housing stock also hails from between 2000 and later ( 11.63%). There's also some housing in Grandville built before 1939 ( 8.48%).

Grandville Home Appreciation Rates

In the last 10 years, Grandville has experienced some of the highest home appreciation rates of any community in the nation. Grandville real estate appreciated 112.09% over the last ten years, which is an average annual home appreciation rate of 7.81%, putting Grandville in the top 20% nationally for real estate appreciation. If you are a home buyer or real estate investor, Grandville definitely has a track record of being one of the best long term real estate investments in America through the last ten years.

Appreciation rates are so strong in Grandville that despite a nationwide downturn in the housing market, Grandville real estate has continued to appreciate in value faster than most communities. Looking at just the latest twelve months, Grandville appreciation rates continue to be some of the highest in America, at 6.66%, which is higher than appreciation rates in 70.42% of the cities and towns in the nation. Based on the last twelve months, short-term real estate investors have found good fortune in Grandville. Grandville appreciation rates in the latest quarter were at -1.60%, which equates to an annual appreciation rate of -6.24%.

Notably, Grandville's appreciation rate in the latest quarter is one of the lowest in America.

Relative to Michigan, our data show that Grandville's latest annual appreciation rate is lower than 50% of the other cities and towns in Michigan.

Average Home Values

Median Home Value

$280,845

Grandville, MI Home Prices
> $1,314,000
$986,001 - $1,314,000
$657,001 - $986,000
$526,001 - $657,000
$394,001 - $526,000
$263,001 - $394,000
$131,001 - $263,000
$66,001 - $131,000
$0 - $66,000
1.6%
1.6%
0.0%
0.0%
2.4%
2.4%
1.4%
1.4%
14.7%
14.7%
44.4%
44.4%
32.0%
32.0%
1.9%
1.9%
1.5%
1.5%
0% 100.0%
% of Homes
High

for Michigan

Average

for nation

Number of Homes And Apartments:

6,392

Grandville Appreciation Rates

Rent & Ownership

Average Market Rent:

$1,744 / per month

Homeownership Rate

Owners
Renters
72.9%
72.9%
27.1%
27.1%
0% 100.0%
% of Homes

Vacancy Rate

Vacant
Occupied
3.7%
3.7%
96.3%
96.3%
0% 100.0%
% of Homes

Housing Market Details

Age of Homes

2000 or Newer
1970 - 1999
1940 - 1969
1939 or Older
11.6%
11.6%
45.0%
45.0%
34.9%
34.9%
8.5%
8.5%
0% 100.0%
% of Homes

Types of Homes

Single-Family
Townhomes
Small Apt. Buildings
Apt. Complexes
Mobile Homes
Other
67.8%
67.8%
8.0%
8.0%
5.0%
5.0%
19.2%
19.2%
0.0%
0.0%
0.0%
0.0%
0% 100.0%
% of Homes

Home Size

No Bedroom
1 Bedroom
2 Bedrooms
3 Bedrooms
4 Bedrooms
5 or more bedrooms
1.6%
1.6%
8.9%
8.9%
27.1%
27.1%
37.5%
37.5%
20.2%
20.2%
4.7%
4.7%
0% 100.0%
% of Homes