742 Olympia St SW · Grand Rapids, MI 49503

$195,500

3 bd · 1.0 ba · 1,190 sqft · SingleFamily public records · 33 Days on market

Built 1905 3,920 sqft lot Est $228k · 14% under

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Why this score? — see what drove the D+ grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +14.3/30.0
• ARV discount +14.0/15.0
• DSCR +4.4/10.0
• Livability +4.2/5.0
• 1% rule +3.7/10.0
• Rent growth +3.2/5.0
• Condition / age +2.5/5.0
• Schools +1.9/10.0
• Appreciation +0.0/10.0

Listing remarks MLS

Very unique home! You will be hard press to find another one like this gem here. Vaulted ceiling in the kitchen and upstairs master suite. Open floor plan with loft, hot tub and full bath upstairs. Downstairs is a Kitchen with eating area and vaulted ceiling. Living room/dining room combo and Bedroom on main and half bath. Detached garage with deck above. Nearby restaurants, parks, and shopping. Near 131, I 96, downtown, Grand Valley State, YMCA, and new amphitheater. Schools of choice or Grand Rapids Public. Don't let this gem get-a-way from you call to schedule your private tour today. All measurements are approximate. BATVAI

Key facts

• 3,920 sq ft lot
• 2 garage spots
• Built 1905

Property features AI

Exterior

• Parking: Detached garage; Driveway; 2 garage spaces
• Utilities: Public water; Sewer available
• Home design: Single-family residence; One and one-half story; Ground-level entry with steps
• Construction: Vinyl siding; Asphalt roof; Slab foundation; Built area above grade: 1,190 (finished)
• Exterior features: Covered patio/porch; Deck; Back yard fencing; Paved road

Interior

• Kitchen: Gas water heater
• Bedrooms: Total rooms: 6
• Bathrooms: 1 full bathroom
• Heating & cooling: Forced air heating (natural gas); No central air
• Interior features: Unfurnished; Therapeutic whirlpool
• Laundry & utility: Washer hookup; Gas dryer hookup

What this means for you Summary

Snapshot

• This is a 3-bed/1.0-bath single-family listed at $196k.

Deal economics

• At list price, monthly cash flow is $37 ($447/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $170k (12.9% below list).
• Recommended offer: $170k (12.9% below list) — sets the bar for 1% rule.
• Cap rate 6.5% vs local median 4.5% in Grand Rapids — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 83/100 on livability (#44 in MI, #939 nationally) — a professional / high-income tenant draw. Strengths: amenities A+, commute A+, cost of living A+; Watch: employment C-, crime F.
• Grand Rapids Public Schools (urban): math 15% / reading 29% proficiency, ranked #451 of 540 in MI (top 84%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 80% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents rising (+2.8%/yr); 181 active listings in the ZIP; 12 comparable units currently listed for rent nearby; rentals leasing fast (median 11d on market — plan ~1-2 weeks tenant-placement turnaround); 2,253 units permitted in Kent County in 2024 (969 in 5+ unit buildings).
• This rent runs 32% of the median local income ($65k/yr) — at the standard rent-burdened threshold; future hikes will face affordability resistance.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $1k of loan paydown is wiped out by about $6k of value loss. Plan a longer hold.
• Kent County population projected at +22% by 2050 — long-run rental-demand tailwind backs the buy-and-hold thesis.

Negotiation context

• It's been on market 33 days — a 3% lower offer ($190k) is reasonable based on typical stale-listing flexibility.
• 12 sale attempts since 8y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Watch-outs: built in 1905 — expect roof / HVAC / electrical / plumbing capex.

Recommended offer $170,377 (12.9% below list)

Questions for the listing agent

1. It's been on market 33 days. Have you received any prior offers? Is the seller open to a 13% concession, seller financing, or rate buy-down credit?
2. Built in 1905 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
3. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
4. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. The area grade is low — what's the realistic commute time and amenity access for the typical tenant pool here? Any planned neighborhood developments (good or bad) we should know about?
6. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
7. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
8. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.87% ✗
• Cap rate: 6.52%
• Cash-on-cash: 0.82%
• DSCR: 1.04
• GRM: 9.6

CMA / ARV

• ARV (on-the-fly): $228,480
• Comps found: 12

Show comp detail 12 sales within ~0.75 mi

Address	Dist	Beds/Ba	Sqft	Sold	Price	$/sf	Match
1061 Rathbone St SW	0.43mi	4/1.0 (+1)	1,171 (-2%)	6mo	$215,000	$184	67
1674 Cleveland Ave SW	0.73mi	3/2.0	1,166 (-2%)	1mo	$260,000	$223	58
1736 Wendler Ave SW	0.73mi	3/1.0	1,248 (+5%)	8mo	$239,900	$192	52
1650 Wendler Ave SW	0.67mi	3/1.5	1,296 (+9%)	1mo	$250,000	$193	51
1917 Osmer Ave SW	0.66mi	4/1.5 (+1)	1,144 (-4%)	6mo	$182,000	$159	51
1010 Lee St SW	0.46mi	2/1.0 (-1)	1,100 (-8%)	12mo	$202,647	$184	51
1246 Marquette St SW	0.65mi	3/1.0	1,288 (+8%)	11mo	$250,000	$194	47
1901 Galewood Ave SW	0.67mi	3/1.0	1,134 (-5%)	21mo	$250,000	$220	44
1945 Galewood Ave SW	0.74mi	3/1.5	1,337 (+12%)	2mo	$265,000	$198	42
1624 Martindale Ave SW	0.74mi	3/1.5	1,014 (-15%)	4mo	$166,000	$164	36
1247 Rathbone St SW	0.66mi	4/1.0 (+1)	1,049 (-12%)	20mo	$190,000	$181	28
1642 Cleveland Ave SW	0.70mi	3/2.0	1,339 (+12%)	19mo	$230,000	$172	27

Match score weights: distance 35% · size 25% · config 20% · recency 20%. Top-matched comps best support the ARV.

Projected returns pro-forma

-3.0% appreciation · 2.82% rent growth · sell at horizon

5-year hold

• IRR: -15.2%
• Equity multiple: 0.46×
• Total profit: $-29,616
• Equity at exit: $29,150

10-year hold

• IRR: -6.9%
• Equity multiple: 0.56×
• Total profit: $-23,996
• Equity at exit: $16,903

Cash invested: $54,740 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 62 Landlord-Friendly
• State Michigan: 62 Landlord-Friendly · EVEN
• County: — inherits STATE
• City: — inherits STATE

7-day pay-or-quit; mixed climate; Detroit/AA have some protections.

Methodology + full state rankings →

ZIP-level market 49503

• Rents YoY: 2.8%
• Active inventory: 181
• Price-to-rent: 9.6×

Monthly cashflow live

• Estimated rent: $1,704 high
• Mortgage (P&I): −$1,025
• Tax from tax record: −$202 /mo · $2,425/yr
• Insurance: −$81
• HOA: −$0
• Vacancy / Maint / Mgmt: −$358
• Net cashflow: $37

Break-even live

Break-even rent $1,657

Max offer price $195,500

Occupancy floor 93%

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $48,875
• Closing costs: $5,865
• Reserves months: —
• Total cash needed: —

Rent comps 12 comps

Address	Beds	Baths	Sqft	Rent	$/sqft	DOM	Units	Dist
1019 Norwich Ave SW Grand Rapids, MI	3.0	1.0	1214	$1,595	$1.31	3d	1	0.39mi
242 Elm St SW Grand Rapids, MI	2.0	1.5	1100	$3,200	$2.91	2d	1	0.87mi
2134 McKee Ave SW Unit 2 Grand Rapids, MI	2.0	1.0	780	$1,195	$1.53	43d	1	0.97mi
400 Grant St SW Unit 2 Grand Rapids, MI	2.0	1.0	1000	$1,500	$1.50	2d	1	0.99mi
19 La Belle St SE Grand Rapids, MI	2.0	1.0	846	$1,045	$1.24	43d	1	0.99mi
470 Market Ave SW Grand Rapids, MI	2.0	1.0–2.0	622	$2,090	$3.36	2d	17	1.07mi
2340 Michael Ave SW Unit 2280 4 Wyoming, MI	2.0	1.0	900	$1,200	$1.33	19d	1	1.27mi
2040 Division Ave S Unit 207 Grand Rapids, MI	2.0	1.0	768	$1,703	$2.22	2d	1	1.33mi
1309 Madison Ave SE Grand Rapids, MI	1.0–2.0	1.0	775	$1,560	$2.01	2d	1	1.36mi
840 Lafayette Ave SE Unit 2 Grand Rapids, MI	3.0	1.0	950	$1,600	$1.68	43d	1	1.38mi
2515 McKee Ave SW Unit 4 Wyoming, MI	2.0	1.0	900	$1,300	$1.44	14d	1	1.43mi
350 Ionia Ave SW Grand Rapids, MI	2.0–3.0	2.0–3.0	1400	$1,350	$0.96	11d	2	1.47mi

Listing history 45 events

1. 2026-06-18
   days on market $195,500 Active 33 DOM
2. 2026-06-17
   days on market $195,500 Active 32 DOM
3. 2026-06-16
   days on market $195,500 Active 31 DOM
4. 2026-06-15
   days on market $195,500 Active 30 DOM
5. 2026-06-14
   days on market $195,500 Active 28 DOM
6. 2026-06-13
   days on market $195,500 Active 27 DOM
7. 2026-06-10
   days on market $195,500 Active 25 DOM
8. 2026-06-09
   days on market $195,500 Active 24 DOM
9. 2026-06-08
   days on market $195,500 Active 23 DOM
10. 2026-06-07
    days on market $195,500 Active 22 DOM
11. 2026-06-05
    days on market $195,500 Active 19 DOM
12. 2026-06-03
    days on market $195,500 Active 18 DOM
13. 2026-06-03
    days on market $195,500 Active 17 DOM
14. 2026-06-01
    days on market $195,500 Active 16 DOM
15. 2026-05-31
    days on market $195,500 Active 15 DOM
16. 2026-05-17
    listed $195,500 Active 635-char remark

    Show marketing remark (635 chars)

    Very unique home! You will be hard press to find another one like this gem here. Vaulted ceiling in the kitchen and upstairs master suite. Open floor plan with loft, hot tub and full bath upstairs. Downstairs is a Kitchen with eating area and vaulted ceiling. Living room/dining room combo and Bedroom on main and half bath. Detached garage with deck above. Nearby restaurants, parks, and shopping. Near 131, I 96, downtown, Grand Valley State, YMCA, and new amphitheater. Schools of choice or Grand Rapids Public. Don't let this gem get-a-way from you call to schedule your private tour today. All measurements are approximate. BATVAI

17. 2026-05-17
    listed $195,500 Active 635-char remark

    Show marketing remark (635 chars)

    Very unique home! You will be hard press to find another one like this gem here. Vaulted ceiling in the kitchen and upstairs master suite. Open floor plan with loft, hot tub and full bath upstairs. Downstairs is a Kitchen with eating area and vaulted ceiling. Living room/dining room combo and Bedroom on main and half bath. Detached garage with deck above. Nearby restaurants, parks, and shopping. Near 131, I 96, downtown, Grand Valley State, YMCA, and new amphitheater. Schools of choice or Grand Rapids Public. Don't let this gem get-a-way from you call to schedule your private tour today. All measurements are approximate. BATVAI

18. 2026-05-14
    historical $195,500 635-char remark

    Show marketing remark (635 chars)

    Very unique home! You will be hard press to find another one like this gem here. Vaulted ceiling in the kitchen and upstairs master suite. Open floor plan with loft, hot tub and full bath upstairs. Downstairs is a Kitchen with eating area and vaulted ceiling. Living room/dining room combo and Bedroom on main and half bath. Detached garage with deck above. Nearby restaurants, parks, and shopping. Near 131, I 96, downtown, Grand Valley State, YMCA, and new amphitheater. Schools of choice or Grand Rapids Public. Don't let this gem get-a-way from you call to schedule your private tour today. All measurements are approximate. BATVAI

19. 2023-07-19
    soldstatus $180,000
20. 2023-07-14
    soldstatus $180,000 Sold

    Show marketing remark (453 chars)

    Very unique home! Vaulted ceiling in the kitchen and upstairs master suite. Open floor plan with loft, hot tub and full bath upstairs. Downstairs is a Kitchen with eating area and vaulted ceiling. Living room/dinig room combo and Bedroom on main and half bath. Detached garage with deck above. Schools of choice or Grand Rapids Public. Very nice enclosed front porch. Vinyl exterior. 24 hr. Notice. No Sunday showings. Sale not to close until 07/01/2023

21. 2023-07-14
    soldstatus $180,000 Sold

    Show marketing remark (453 chars)

    Very unique home! Vaulted ceiling in the kitchen and upstairs master suite. Open floor plan with loft, hot tub and full bath upstairs. Downstairs is a Kitchen with eating area and vaulted ceiling. Living room/dinig room combo and Bedroom on main and half bath. Detached garage with deck above. Schools of choice or Grand Rapids Public. Very nice enclosed front porch. Vinyl exterior. 24 hr. Notice. No Sunday showings. Sale not to close until 07/01/2023

22. 2023-07-14
    soldstatus $180,000 Closed

    Show marketing remark (453 chars)

    Very unique home! Vaulted ceiling in the kitchen and upstairs master suite. Open floor plan with loft, hot tub and full bath upstairs. Downstairs is a Kitchen with eating area and vaulted ceiling. Living room/dinig room combo and Bedroom on main and half bath. Detached garage with deck above. Schools of choice or Grand Rapids Public. Very nice enclosed front porch. Vinyl exterior. 24 hr. Notice. No Sunday showings. Sale not to close until 07/01/2023

23. 2023-05-10
    status Pending

    Show marketing remark (453 chars)

    Very unique home! Vaulted ceiling in the kitchen and upstairs master suite. Open floor plan with loft, hot tub and full bath upstairs. Downstairs is a Kitchen with eating area and vaulted ceiling. Living room/dinig room combo and Bedroom on main and half bath. Detached garage with deck above. Schools of choice or Grand Rapids Public. Very nice enclosed front porch. Vinyl exterior. 24 hr. Notice. No Sunday showings. Sale not to close until 07/01/2023

24. 2023-05-10
    status Pending

    Show marketing remark (453 chars)

    Very unique home! Vaulted ceiling in the kitchen and upstairs master suite. Open floor plan with loft, hot tub and full bath upstairs. Downstairs is a Kitchen with eating area and vaulted ceiling. Living room/dinig room combo and Bedroom on main and half bath. Detached garage with deck above. Schools of choice or Grand Rapids Public. Very nice enclosed front porch. Vinyl exterior. 24 hr. Notice. No Sunday showings. Sale not to close until 07/01/2023

25. 2023-05-10
    status Pending

    Show marketing remark (453 chars)

    Very unique home! Vaulted ceiling in the kitchen and upstairs master suite. Open floor plan with loft, hot tub and full bath upstairs. Downstairs is a Kitchen with eating area and vaulted ceiling. Living room/dinig room combo and Bedroom on main and half bath. Detached garage with deck above. Schools of choice or Grand Rapids Public. Very nice enclosed front porch. Vinyl exterior. 24 hr. Notice. No Sunday showings. Sale not to close until 07/01/2023

26. 2023-03-31
    price $184,900
27. 2023-03-30
    price $184,900

    Show marketing remark (453 chars)

    Very unique home! Vaulted ceiling in the kitchen and upstairs master suite. Open floor plan with loft, hot tub and full bath upstairs. Downstairs is a Kitchen with eating area and vaulted ceiling. Living room/dinig room combo and Bedroom on main and half bath. Detached garage with deck above. Schools of choice or Grand Rapids Public. Very nice enclosed front porch. Vinyl exterior. 24 hr. Notice. No Sunday showings. Sale not to close until 07/01/2023

28. 2023-03-30
    status Active

    Show marketing remark (453 chars)

    Very unique home! Vaulted ceiling in the kitchen and upstairs master suite. Open floor plan with loft, hot tub and full bath upstairs. Downstairs is a Kitchen with eating area and vaulted ceiling. Living room/dinig room combo and Bedroom on main and half bath. Detached garage with deck above. Schools of choice or Grand Rapids Public. Very nice enclosed front porch. Vinyl exterior. 24 hr. Notice. No Sunday showings. Sale not to close until 07/01/2023

29. 2023-03-30
    status Active

    Show marketing remark (453 chars)

    Very unique home! Vaulted ceiling in the kitchen and upstairs master suite. Open floor plan with loft, hot tub and full bath upstairs. Downstairs is a Kitchen with eating area and vaulted ceiling. Living room/dinig room combo and Bedroom on main and half bath. Detached garage with deck above. Schools of choice or Grand Rapids Public. Very nice enclosed front porch. Vinyl exterior. 24 hr. Notice. No Sunday showings. Sale not to close until 07/01/2023

30. 2023-03-30
    price $184,900

    Show marketing remark (453 chars)

    Very unique home! Vaulted ceiling in the kitchen and upstairs master suite. Open floor plan with loft, hot tub and full bath upstairs. Downstairs is a Kitchen with eating area and vaulted ceiling. Living room/dinig room combo and Bedroom on main and half bath. Detached garage with deck above. Schools of choice or Grand Rapids Public. Very nice enclosed front porch. Vinyl exterior. 24 hr. Notice. No Sunday showings. Sale not to close until 07/01/2023

31. 2023-03-30
    status Active

    Show marketing remark (453 chars)

    Very unique home! Vaulted ceiling in the kitchen and upstairs master suite. Open floor plan with loft, hot tub and full bath upstairs. Downstairs is a Kitchen with eating area and vaulted ceiling. Living room/dinig room combo and Bedroom on main and half bath. Detached garage with deck above. Schools of choice or Grand Rapids Public. Very nice enclosed front porch. Vinyl exterior. 24 hr. Notice. No Sunday showings. Sale not to close until 07/01/2023

32. 2023-03-16
    status Pending

    Show marketing remark (453 chars)

    Very unique home! Vaulted ceiling in the kitchen and upstairs master suite. Open floor plan with loft, hot tub and full bath upstairs. Downstairs is a Kitchen with eating area and vaulted ceiling. Living room/dinig room combo and Bedroom on main and half bath. Detached garage with deck above. Schools of choice or Grand Rapids Public. Very nice enclosed front porch. Vinyl exterior. 24 hr. Notice. No Sunday showings. Sale not to close until 07/01/2023

33. 2023-03-16
    status Pending

    Show marketing remark (453 chars)

    Very unique home! Vaulted ceiling in the kitchen and upstairs master suite. Open floor plan with loft, hot tub and full bath upstairs. Downstairs is a Kitchen with eating area and vaulted ceiling. Living room/dinig room combo and Bedroom on main and half bath. Detached garage with deck above. Schools of choice or Grand Rapids Public. Very nice enclosed front porch. Vinyl exterior. 24 hr. Notice. No Sunday showings. Sale not to close until 07/01/2023

34. 2023-03-16
    status Pending

    Show marketing remark (453 chars)

    Very unique home! Vaulted ceiling in the kitchen and upstairs master suite. Open floor plan with loft, hot tub and full bath upstairs. Downstairs is a Kitchen with eating area and vaulted ceiling. Living room/dinig room combo and Bedroom on main and half bath. Detached garage with deck above. Schools of choice or Grand Rapids Public. Very nice enclosed front porch. Vinyl exterior. 24 hr. Notice. No Sunday showings. Sale not to close until 07/01/2023

35. 2023-03-09
    listed $189,900 Active

    Show marketing remark (453 chars)

    Very unique home! Vaulted ceiling in the kitchen and upstairs master suite. Open floor plan with loft, hot tub and full bath upstairs. Downstairs is a Kitchen with eating area and vaulted ceiling. Living room/dinig room combo and Bedroom on main and half bath. Detached garage with deck above. Schools of choice or Grand Rapids Public. Very nice enclosed front porch. Vinyl exterior. 24 hr. Notice. No Sunday showings. Sale not to close until 07/01/2023

36. 2023-03-09
    listed $189,900 Active

    Show marketing remark (453 chars)

    Very unique home! Vaulted ceiling in the kitchen and upstairs master suite. Open floor plan with loft, hot tub and full bath upstairs. Downstairs is a Kitchen with eating area and vaulted ceiling. Living room/dinig room combo and Bedroom on main and half bath. Detached garage with deck above. Schools of choice or Grand Rapids Public. Very nice enclosed front porch. Vinyl exterior. 24 hr. Notice. No Sunday showings. Sale not to close until 07/01/2023

37. 2023-03-09
    listed $189,900 Active

    Show marketing remark (453 chars)

    Very unique home! Vaulted ceiling in the kitchen and upstairs master suite. Open floor plan with loft, hot tub and full bath upstairs. Downstairs is a Kitchen with eating area and vaulted ceiling. Living room/dinig room combo and Bedroom on main and half bath. Detached garage with deck above. Schools of choice or Grand Rapids Public. Very nice enclosed front porch. Vinyl exterior. 24 hr. Notice. No Sunday showings. Sale not to close until 07/01/2023

38. 2020-12-31
    historical
39. 2020-12-31
    historical
40. 2020-09-10
    historical
41. 2019-02-05
    status Active
42. 2019-02-02
    historical
43. 2018-10-15
    listed $124,900
44. 2018-10-15
    listed $124,900 Active
45. 2018-10-15
    listed $124,900

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast MI · Partial reset (capped growth)

• Current annual tax: $2,425 · $202/mo
• Projected year-2 tax: $2,718 · $226/mo
• Expected delta: +$293/yr (+$24/mo · 12.1%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 2/10 Low 7 d/yr ≥97°F today · 16 d/yr by 30 yrs out
• 💨 Wind 2/10 Low
• 🫁 Air quality 2/10 Low 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $20,445
• − Mortgage interest: −$10,951
• − Property taxes: −$2,425
• − Insurance: −$978
• − Repairs & maintenance: −$1,636
• − Management: −$1,636
• − Depreciation: −$5,687
• Taxable loss: −$2,867
• Est. tax savings @ 24.0%: +$688
• After-tax cash flow: $1,135/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Grand Rapids Public Schools
• NCES district ID: 2616440
• Math proficiency: 15% ▼ -5.00%
• Reading proficiency: 29% ▼ -1.00%
• Median HH income: $40,612
• Composite: 18.62/100
• National rank: #8899
• State rank: #451 of 540 in MI

Livability — Grand Rapids

• Score: 83/100
• State rank: #44
• US rank: #939

Category grades

Amenities A+ Commute A+ Cost of living A+ Crime F Employment C- Housing A+ Health & safety A+ User ratings D

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Grand Rapids, MI
• County: Kent County · 533,805 people
• City population: 181,325
• Metro: Grand Rapids-Kentwood, MI
• Population (ZIP): 39,489
• Household income: $64,661
• Rent vs Own: 63.8% rent · 36.2% own
• Severe rent burden: 1891.0

Population outlook (Kent County) Hauer SSP2

• Today (2025): 712,484 people
• By 2030: 748,618 · +5.1%
• By 2040: 814,777 · +14.4%
• By 2050: 868,556 · +21.9%
• By 2075: 966,487 · +35.7%
• By 2100: 967,975 · +35.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.60)
• Race & ethnicity: White 59% Hispanic / Latino 19% Two or more races 14% Black 14% Asian 3%
• Hispanic origin (detail): Mexican 11% Puerto Rican 1%
• Common ancestry: Iranian 10% Romanian 7% Slovak 2%
• Foreign-born: 11% · Canada, South Korea, China
• Languages at home: 82% English-only · Spanish 15% Chinese 1%

Political lean MEDSL · Kent

• 2024 margin: Lean D (+5.4) · D 51.8% · R 46.5% · Other 1.7%
• 2008→2024 swing: +4.8pp toward D · 2008: 0.5pp · 2024: 5.4pp
• All cycles: 2024: D+5.4 2020: D+6.1 2016: R+3.1 2012: R+7.9 2008: D+0.5

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -347.22%
• Current HPI: 312.3878
• Rent YoY: ▲ 2.82%
• Metro: Grand Rapids-Kentwood, MI
• State GDP YoY: ▲ 1.37%
• F500 in state: 28

Industry mix (Fortune 500 HQ in MI)

Industry	F500 HQs	Revenue
▸Automotive Parts	3	$48B
▸Automotive	2	$372B
▸Chemicals	1	$45B
▸Automotive Retail	1	$29B
▸Healthcare / Medical Devices	1	$23B
▸Automotive Technology	1	$20B

Price history

+56.5% since first listed

30 events — show timeline

• 2026-05-17 Listed $195,500 MiRealSource-MiMLS
• 2026-05-17 Listed $195,500 REALCOMP
• 2026-05-14 Coming Soon $195,500 MiRealSource-MiMLS
• 2023-07-19 Sold (Public Records) $180,000 Public Records
• 2023-07-14 Sold (MLS) $180,000 MiRealSource-MiMLS
• 2023-07-14 Sold (MLS) $180,000 SW Michigan MLS
• 2023-07-14 Sold (MLS) $180,000 REALCOMP
• 2023-05-10 Pending — REALCOMP
• 2023-05-10 Pending — MiRealSource-MiMLS
• 2023-05-10 Pending — SW Michigan MLS
• 2023-03-31 Price Changed $184,900 MiRealSource-MiMLS
• 2023-03-30 Price Changed $184,900 REALCOMP
• 2023-03-30 Relisted — REALCOMP
• 2023-03-30 Relisted — MiRealSource-MiMLS
• 2023-03-30 Price Changed $184,900 SW Michigan MLS
• 2023-03-30 Relisted — SW Michigan MLS
• 2023-03-16 Pending — REALCOMP
• 2023-03-16 Pending — MiRealSource-MiMLS
• 2023-03-16 Pending — SW Michigan MLS
• 2023-03-09 Listed $189,900 MiRealSource-MiMLS
• 2023-03-09 Listed $189,900 SW Michigan MLS
• 2023-03-09 Listed $189,900 REALCOMP
• 2020-12-31 Listing Removed — MiRealSource-MiMLS
• 2020-12-31 Listing Removed — REALCOMP
• 2020-09-10 Listing Removed — SW Michigan MLS
• 2019-02-05 Relisted — SW Michigan MLS
• 2019-02-02 Listing Removed — SW Michigan MLS
• 2018-10-15 Listed $124,900 MiRealSource-MiMLS
• 2018-10-15 Listed $124,900 SW Michigan MLS
• 2018-10-15 Listed $124,900 REALCOMP

Property tax history

+9.7%/yr

Latest (2025): $2,425 · +2.4% YoY. Source: county tax records.