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943 Prospect Ave NE
D Composite 43.02
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 +15.9/30.0
  • ARV discount +7.5/15.0
  • DSCR +4.9/10.0
  • Livability +4.2/5.0
  • Rent growth +3.2/5.0
  • 1% rule +3.1/10.0
  • Condition / age +2.5/5.0
  • Schools +1.9/10.0
  • Appreciation +0.0/10.0

$218,000

943 Prospect Ave NE · Grand Rapids, MI 49503
3 bd · 1.0 ba · 997 sqft · SingleFamily public records · 29 Days on market
Built 1900 3,125 sqft lot

🖨 Deal sheet (PDF) 📄 Offer letter ✓ Due diligence

Listing remarks MLS

Check out this great NE Grand Rapids home! This home features 4 bedrooms, 1 spacious main floor bathroom with a washer and dryer, a 3 season room that is perfect for relaxing, a mud room, and a one-stall garage. Recent updates include updated kitchen cabinets, subway tile backsplash, new flooring and paint. Opportunity to finish the basement for more additional living space! Conveniently located just minutes from downtown Grand Rapids, Belknap Park, GVSU, the Medical Mile, restaurants, and entertainment. The property also offers off-street parking and alley access to the garage for added convenience. All appliances included. Move-in ready with immediate possession! This property offers a tremendous opportunity for buyers looking for a great value in a prime location. Don't miss this one! Seller reserves the right to implement an offer deadline. Buyer and Buyer Agent to verify all information. Security system reserved.

Key facts

  • 3 season room
  • Off street parking
  • New flooring

Tags

3 SEASON ROOMMUD ROOMUPDATED KITCHEN CABINETSSUBWAY TILE BACKSPLASHNEW FLOORINGOFF STREET PARKING

Property features AI

Exterior

  • Parking: Detached 1-car garage
  • Utilities: Public water
  • Home design: Traditional single-family residence; Built in 1900
  • Construction: Shingle siding; Asphalt roof; Full basement
  • Exterior features: Paved road access; Public water

Interior

  • Kitchen: Range; Refrigerator
  • Bathrooms: 1 full bathroom
  • Heating & cooling: Forced air heating
  • Interior features: Garage door opener; Storm windows with screens and window treatments
  • Laundry & utility: Washer; Dryer

Neighborhood map

Property Rental comp Retail Transit Schools Stadiums Fortune 500 · Circle radius: 3.0 mi
Loading POIs…

What this means for you Summary

Snapshot

  • This is a 3-bed/1.0-bath single-family listed at $218k.

Deal economics

  • At list price, monthly cash flow is $102 ($1k/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 $176k (19.5% below list).
  • Recommended offer: $176k (19.5% below list) — sets the bar for 1% rule.
  • Cap rate 6.9% 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; 35 comparable units currently listed for rent nearby; rentals lingering (median 44d on market — plan ~5-8 weeks vacancy on turnover, expect pricing pressure); 94% of comp listings sitting > 30 days — soft ceiling on asking rent; 2,253 units permitted in Kent County in 2024 (969 in 5+ unit buildings).
  • This rent runs 33% 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 $2k of loan paydown is wiped out by about $7k 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 29 days — a 2% lower offer ($215k) is reasonable based on typical stale-listing flexibility.
  • 18 sale attempts since 16y 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.
  • Current owner paid $60k; list at $218k implies a 263% gain — meaningful room to come down on a strong offer.

Risks & watch-outs

  • Watch-outs: built in 1900 — expect roof / HVAC / electrical / plumbing capex.
Recommended offer $175,572 (19.5% below list)

Questions for the listing agent

  1. Built in 1900 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
  2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
  3. 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?
  4. 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?
  5. 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.
  6. 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.
  7. 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
0.81%
Cap rate
6.85%
Cash-on-cash
2.00%
DSCR
1.09
GRM
10.3

CMA / ARV

No comps found within radius.

Projected returns pro-forma

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

5-year hold
IRR
-13.4%
Equity multiple
0.52×
Total profit
$-29,260
Equity at exit
$32,505
10-year hold
IRR
-4.8%
Equity multiple
0.69×
Total profit
$-18,862
Equity at exit
$18,849

Cash invested: $61,040 (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.

ZIP-level market 49503

Rents YoY
2.8%
Active inventory
181
Price-to-rent
10.3×

Monthly cashflow live

Estimated rent
$1,756 high interval (Pro) →
Mortgage (P&I)
$1,143
Tax from tax record
$51 /mo · $612/yr
Insurance
$91
HOA
$0
Vacancy / Maint / Mgmt
$369
Net cashflow
$102

Break-even live

Break-even rent $1,627
Max offer price $218,000
Occupancy floor 89%

Sensitivity live

Price -10% $225 -5% $164 +0% $102 +5% $40 +10% $-21
Rent -10% $-37 -5% $33 +0% $102 +5% $171 +10% $241
Rate -1.0pp $212 -0.5pp $157 base $102 +0.5pp $45 +1.0pp $-12

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
$54,500
Closing costs
$6,540
Reserves months
Total cash needed

Loan-product check · same deal, 3 products live

Conventional

25% down · 7.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Personal DTI + credit; lowest rate.

DSCR

20% down · 8.5% · 30yr

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

No personal income docs; deal must DSCR.

Hard money

10% down · 12.0% · 12mo

Down + closing
Monthly P&I
Monthly cashflow
DSCR
Eligible?

Short-term bridge; refi at stabilization.

Rent comps 35 comps

AddressBedsBaths SqftRent$/sqft DOM Units Dist
202 Leonard St NE Grand Rapids, MI 2.0 1.0 950 $1,200 $1.26 44d 1 0.29mi
120 Leonard St NE Unit 2 Grand Rapids, MI 2.0 1.0 750 $1,275 $1.70 44d 1 0.31mi
711 Clancy Ave NE Grand Rapids, MI 2.0 1.0 837 $1,345 $1.61 44d 1 0.39mi
733 Livingston Ave NE Grand Rapids, MI 2.0 1.0 900 $1,245 $1.38 44d 1 0.43mi
135 Page St NE Grand Rapids, MI 3.0 2.0 1100 $3,100 $2.82 44d 1 0.44mi
1349 Maude Ave NE Grand Rapids, MI 2.0 1.0 600 $1,145 $1.91 44d 1 0.47mi
818 Grand Ave NE Apt D Grand Rapids, MI 2.0 1.0 850 $1,400 $1.65 44d 1 0.54mi
1359 Plainfield Ave NE Grand Rapids, MI 2.0 1.0–2.0 720 $2,325 $3.23 3d 9 0.54mi
41 Caledonia St NE Unit 1 Grand Rapids, MI 2.0 1.0 800 $1,395 $1.74 44d 1 0.62mi
1314 Portland Ave NE Grand Rapids, MI 2.0 1.0 908 $1,425 $1.57 44d 1 0.67mi
50 Mathews Ct NE Grand Rapids, MI 3.0 1.5 1100 $1,850 $1.68 44d 1 0.68mi
601 Bond Ave NW Grand Rapids, MI 1.0–2.0 1.0–2.0 853 $2,565 $3.01 44d 10 0.73mi
414 Benson Ave NE Grand Rapids, MI 1.0–3.0 1.0–2.0 1110 $2,673 $2.41 44d 14 0.79mi
507 Eastern Ave NE #2 Grand Rapids, MI 2.0 1.0 710 $1,495 $2.11 44d 1 0.86mi
407 11th St NW Unit C Grand Rapids, MI 2.0 1.0 772 $1,500 $1.94 44d 1 0.88mi
201 Michigan St NW Grand Rapids, MI 1.0–2.0 1.0–2.0 981 $2,800 $2.85 44d 10 0.92mi
417 6th St NW Unit 1346768P Grand Rapids, MI 2.0 1.0 742 $2,794 $3.77 44d 1 0.96mi
855 Michigan St NE Unit 205 Grand Rapids, MI 2.0 1.0 813 $1,575 $1.94 44d 1 0.99mi
239 Ann St NE Unit 1 Grand Rapids, MI 2.0 1.0 928 $1,300 $1.40 44d 1 1.02mi
200 Ionia Ave NW Grand Rapids, MI 1.0–2.0 1.0 500 $1,246 $2.49 44d 3 1.02mi
1335 Hamilton Ave NW Unit 2 Grand Rapids, MI 3.0 1.0 1124 $1,395 $1.24 44d 1 1.08mi
555 7th St NW Grand Rapids, MI 2.0–4.0 2.0 547 $795 $1.45 44d 6 1.11mi
139 Pearl St NW Unit 201 Grand Rapids, MI 2.0 1.0 769 $1,650 $2.15 44d 1 1.13mi
27 Library St NE #501 Grand Rapids, MI 2.0 2.0 1109 $2,925 $2.64 44d 1 1.17mi
1044 Muskegon Ave NW Unit 2 Grand Rapids, MI 3.0 1.0 1100 $1,800 $1.64 44d 1 1.17mi
1844 Monroe Ave NW Grand Rapids, MI 2.0 1.0 1000 $2,050 $2.05 44d 1 1.19mi
138 Fulton St E Unit 2 Grand Rapids, MI 2.0 1.0 800 $1,800 $2.25 44d 1 1.26mi
17 Lafayette Ave SE Grand Rapids, MI 2.0 1.0–2.0 720 $2,125 $2.95 44d 7 1.28mi
608 Bridge St NW Grand Rapids, MI 2.0 1.0 1100 $1,595 $1.45 44d 1 1.33mi
734 Crosby St NW Unit 1 Grand Rapids, MI 3.0 1.0 1057 $1,800 $1.70 44d 1 1.39mi
1004 Jennette Ave NW Grand Rapids, MI 3.0 1.0 1000 $1,025 $1.02 44d 1 1.43mi
345 State St SE Grand Rapids, MI 2.0 2.0 1107 $1,280 $1.16 44d 2 1.45mi
1011 Jennette Ave NW Unit 2 Grand Rapids, MI 2.0 1.0 720 $1,450 $2.01 44d 1 1.45mi
547 Cherry St SE Grand Rapids, MI 2.0 1.0 521 $1,250 $2.40 44d 1 1.48mi
745 Stocking Ave NW Grand Rapids, MI 1.0–2.0 1.0 879 $1,541 $1.75 15d 3 1.49mi

Listing history 50 events

  1. 2026-06-18
    days on market $218,000 Active 29 DOM
  2. 2026-06-17
    days on market $218,000 Active 28 DOM
  3. 2026-06-16
    days on market $218,000 Active 27 DOM
  4. 2026-06-15
    days on market $218,000 Active 26 DOM
  5. 2026-06-14
    days on market $218,000 Active 24 DOM
  6. 2026-06-13
    days on market $218,000 Active 23 DOM
  7. 2026-06-10
    days on market $218,000 Active 21 DOM
  8. 2026-06-09
    days on market $218,000 Active 20 DOM
  9. 2026-06-08
    days on market $218,000 Active 19 DOM
  10. 2026-06-07
    days on market $218,000 Active 18 DOM
  11. 2026-06-05
    days on market $218,000 Active 15 DOM
  12. 2026-06-03
    days on market $218,000 Active 14 DOM
  13. 2026-06-03
    days on market $218,000 Active 13 DOM
  14. 2026-06-01
    days on market $218,000 Active 12 DOM
  15. 2026-05-31
    days on market $218,000 Active 11 DOM
  16. 2026-05-23
    status Active 931-char remark
    Show marketing remark (931 chars)

    Check out this great NE Grand Rapids home! This home features 4 bedrooms, 1 spacious main floor bathroom with a washer and dryer, a 3 season room that is perfect for relaxing, a mud room, and a one-stall garage. Recent updates include updated kitchen cabinets, subway tile backsplash, new flooring and paint. Opportunity to finish the basement for more additional living space! Conveniently located just minutes from downtown Grand Rapids, Belknap Park, GVSU, the Medical Mile, restaurants, and entertainment. The property also offers off-street parking and alley access to the garage for added convenience. All appliances included. Move-in ready with immediate possession! This property offers a tremendous opportunity for buyers looking for a great value in a prime location. Don't miss this one! Seller reserves the right to implement an offer deadline. Buyer and Buyer Agent to verify all information. Security system reserved.

  17. 2026-05-23
    status Active 931-char remark
    Show marketing remark (931 chars)

    Check out this great NE Grand Rapids home! This home features 4 bedrooms, 1 spacious main floor bathroom with a washer and dryer, a 3 season room that is perfect for relaxing, a mud room, and a one-stall garage. Recent updates include updated kitchen cabinets, subway tile backsplash, new flooring and paint. Opportunity to finish the basement for more additional living space! Conveniently located just minutes from downtown Grand Rapids, Belknap Park, GVSU, the Medical Mile, restaurants, and entertainment. The property also offers off-street parking and alley access to the garage for added convenience. All appliances included. Move-in ready with immediate possession! This property offers a tremendous opportunity for buyers looking for a great value in a prime location. Don't miss this one! Seller reserves the right to implement an offer deadline. Buyer and Buyer Agent to verify all information. Security system reserved.

  18. 2026-05-23
    status Active
    Show marketing remark (931 chars)

    Check out this great NE Grand Rapids home! This home features 4 bedrooms, 1 spacious main floor bathroom with a washer and dryer, a 3 season room that is perfect for relaxing, a mud room, and a one-stall garage. Recent updates include updated kitchen cabinets, subway tile backsplash, new flooring and paint. Opportunity to finish the basement for more additional living space! Conveniently located just minutes from downtown Grand Rapids, Belknap Park, GVSU, the Medical Mile, restaurants, and entertainment. The property also offers off-street parking and alley access to the garage for added convenience. All appliances included. Move-in ready with immediate possession! This property offers a tremendous opportunity for buyers looking for a great value in a prime location. Don't miss this one! Seller reserves the right to implement an offer deadline. Buyer and Buyer Agent to verify all information. Security system reserved.

  19. 2026-05-14
    status Pending 931-char remark
    Show marketing remark (931 chars)

    Check out this great NE Grand Rapids home! This home features 4 bedrooms, 1 spacious main floor bathroom with a washer and dryer, a 3 season room that is perfect for relaxing, a mud room, and a one-stall garage. Recent updates include updated kitchen cabinets, subway tile backsplash, new flooring and paint. Opportunity to finish the basement for more additional living space! Conveniently located just minutes from downtown Grand Rapids, Belknap Park, GVSU, the Medical Mile, restaurants, and entertainment. The property also offers off-street parking and alley access to the garage for added convenience. All appliances included. Move-in ready with immediate possession! This property offers a tremendous opportunity for buyers looking for a great value in a prime location. Don't miss this one! Seller reserves the right to implement an offer deadline. Buyer and Buyer Agent to verify all information. Security system reserved.

  20. 2026-05-14
    status Pending 931-char remark
    Show marketing remark (931 chars)

    Check out this great NE Grand Rapids home! This home features 4 bedrooms, 1 spacious main floor bathroom with a washer and dryer, a 3 season room that is perfect for relaxing, a mud room, and a one-stall garage. Recent updates include updated kitchen cabinets, subway tile backsplash, new flooring and paint. Opportunity to finish the basement for more additional living space! Conveniently located just minutes from downtown Grand Rapids, Belknap Park, GVSU, the Medical Mile, restaurants, and entertainment. The property also offers off-street parking and alley access to the garage for added convenience. All appliances included. Move-in ready with immediate possession! This property offers a tremendous opportunity for buyers looking for a great value in a prime location. Don't miss this one! Seller reserves the right to implement an offer deadline. Buyer and Buyer Agent to verify all information. Security system reserved.

  21. 2026-05-14
    status Pending
    Show marketing remark (931 chars)

    Check out this great NE Grand Rapids home! This home features 4 bedrooms, 1 spacious main floor bathroom with a washer and dryer, a 3 season room that is perfect for relaxing, a mud room, and a one-stall garage. Recent updates include updated kitchen cabinets, subway tile backsplash, new flooring and paint. Opportunity to finish the basement for more additional living space! Conveniently located just minutes from downtown Grand Rapids, Belknap Park, GVSU, the Medical Mile, restaurants, and entertainment. The property also offers off-street parking and alley access to the garage for added convenience. All appliances included. Move-in ready with immediate possession! This property offers a tremendous opportunity for buyers looking for a great value in a prime location. Don't miss this one! Seller reserves the right to implement an offer deadline. Buyer and Buyer Agent to verify all information. Security system reserved.

  22. 2026-05-11
    listed $218,000 Active 931-char remark
    Show marketing remark (931 chars)

    Check out this great NE Grand Rapids home! This home features 4 bedrooms, 1 spacious main floor bathroom with a washer and dryer, a 3 season room that is perfect for relaxing, a mud room, and a one-stall garage. Recent updates include updated kitchen cabinets, subway tile backsplash, new flooring and paint. Opportunity to finish the basement for more additional living space! Conveniently located just minutes from downtown Grand Rapids, Belknap Park, GVSU, the Medical Mile, restaurants, and entertainment. The property also offers off-street parking and alley access to the garage for added convenience. All appliances included. Move-in ready with immediate possession! This property offers a tremendous opportunity for buyers looking for a great value in a prime location. Don't miss this one! Seller reserves the right to implement an offer deadline. Buyer and Buyer Agent to verify all information. Security system reserved.

  23. 2026-05-11
    listed $218,000 Active 931-char remark
    Show marketing remark (931 chars)

    Check out this great NE Grand Rapids home! This home features 4 bedrooms, 1 spacious main floor bathroom with a washer and dryer, a 3 season room that is perfect for relaxing, a mud room, and a one-stall garage. Recent updates include updated kitchen cabinets, subway tile backsplash, new flooring and paint. Opportunity to finish the basement for more additional living space! Conveniently located just minutes from downtown Grand Rapids, Belknap Park, GVSU, the Medical Mile, restaurants, and entertainment. The property also offers off-street parking and alley access to the garage for added convenience. All appliances included. Move-in ready with immediate possession! This property offers a tremendous opportunity for buyers looking for a great value in a prime location. Don't miss this one! Seller reserves the right to implement an offer deadline. Buyer and Buyer Agent to verify all information. Security system reserved.

  24. 2026-05-11
    listed $218,000 Active
    Show marketing remark (931 chars)

    Check out this great NE Grand Rapids home! This home features 4 bedrooms, 1 spacious main floor bathroom with a washer and dryer, a 3 season room that is perfect for relaxing, a mud room, and a one-stall garage. Recent updates include updated kitchen cabinets, subway tile backsplash, new flooring and paint. Opportunity to finish the basement for more additional living space! Conveniently located just minutes from downtown Grand Rapids, Belknap Park, GVSU, the Medical Mile, restaurants, and entertainment. The property also offers off-street parking and alley access to the garage for added convenience. All appliances included. Move-in ready with immediate possession! This property offers a tremendous opportunity for buyers looking for a great value in a prime location. Don't miss this one! Seller reserves the right to implement an offer deadline. Buyer and Buyer Agent to verify all information. Security system reserved.

  25. 2026-04-25
    historical
  26. 2026-04-23
    status Active
  27. 2026-04-23
    status Active
  28. 2026-04-03
    status Pending
  29. 2026-04-03
    status Pending
  30. 2026-02-23
    status Active
  31. 2026-02-23
    status Active
  32. 2026-02-15
    status Pending
  33. 2026-02-15
    status Pending
  34. 2025-11-08
    listed $224,900 Active
  35. 2025-11-08
    listed $224,900 Active
  36. 2025-09-01
    status Pending
  37. 2025-09-01
    status Pending
  38. 2025-08-31
    historical
  39. 2025-08-31
    historical
  40. 2025-07-22
    listed $224,900 Active
  41. 2025-07-22
    listed $224,900 Active
  42. 2015-08-13
    soldstatus $60,000
  43. 2015-05-19
    soldstatus $60,000
  44. 2015-05-19
    soldstatus $60,000
  45. 2015-02-09
    historical
  46. 2015-01-23
    listed $59,900
  47. 2015-01-23
    listed $59,900
  48. 2010-10-28
    historical
  49. 2010-04-28
    listed $29,900
  50. 2010-04-28
    listed $29,900

ⓘ 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
$612 · $51/mo
Projected year-2 tax
$1,985 · $165/mo
Expected delta
+$1,372/yr (+$114/mo · 224.1%)

ⓘ 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 ≥96°F today · 16 d/yr by 30 yrs out
  • 💨 Wind 2/10 Low
  • 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 3 by 30 yrs out

Nearby sold comps map

Loading sold comps map…

Walkable amenities ~0.75 mi

Loading nearby amenities…

Taxation est. · year 1

Rental income
$21,069
− Mortgage interest
−$12,211
− Property taxes
−$612
− Insurance
−$1,090
− Repairs & maintenance
−$1,685
− Management
−$1,685
− Depreciation
−$6,342
Taxable loss
−$2,558
combined federal + state — saved on this device
Est. tax savings @ 24.0%
+$614
After-tax cash flow
$1,837/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

Price history

+629.1% since first listed
35 events — show timeline
  • 2026-05-23 Relisted REALCOMP
  • 2026-05-23 Relisted MiRealSource-MiMLS
  • 2026-05-23 Relisted SW Michigan MLS
  • 2026-05-14 Pending REALCOMP
  • 2026-05-14 Pending MiRealSource-MiMLS
  • 2026-05-14 Pending SW Michigan MLS
  • 2026-05-11 Listed $218,000 REALCOMP
  • 2026-05-11 Listed $218,000 SW Michigan MLS
  • 2026-05-11 Listed $218,000 MiRealSource-MiMLS
  • 2026-04-25 Listing Removed MiRealSource-MiMLS
  • 2026-04-23 Relisted REALCOMP
  • 2026-04-23 Relisted MiRealSource-MiMLS
  • 2026-04-03 Pending REALCOMP
  • 2026-04-03 Pending MiRealSource-MiMLS
  • 2026-02-23 Relisted REALCOMP
  • 2026-02-23 Relisted MiRealSource-MiMLS
  • 2026-02-15 Pending REALCOMP
  • 2026-02-15 Pending MiRealSource-MiMLS
  • 2025-11-08 Listed $224,900 MiRealSource-MiMLS
  • 2025-11-08 Listed $224,900 REALCOMP
  • 2025-09-01 Pending MiRealSource-MiMLS
  • 2025-09-01 Pending REALCOMP
  • 2025-08-31 Listing Removed REALCOMP
  • 2025-08-31 Listing Removed MiRealSource-MiMLS
  • 2025-07-22 Listed $224,900 REALCOMP
  • 2025-07-22 Listed $224,900 MiRealSource-MiMLS
  • 2015-08-13 Sold (Public Records) $60,000 Public Records
  • 2015-05-19 Sold (MLS) $60,000 SW Michigan MLS
  • 2015-05-19 Sold (MLS) $60,000 REALCOMP
  • 2015-02-09 Listing Removed SW Michigan MLS
  • 2015-01-23 Listed $59,900 SW Michigan MLS
  • 2015-01-23 Listed $59,900 REALCOMP
  • 2010-10-28 Listing Removed REALCOMP
  • 2010-04-28 Listed $29,900 REALCOMP
  • 2010-04-28 Listed $29,900 SW Michigan MLS

Property tax history

-1.5%/yr

Latest (2025): $612 · -3.6% YoY. Source: county tax records.

Cash-flow waterfall

monthly

Sold comps — $/sqft

last 12 mo · ≤1 mi

Loading sold comps…