Market Intelligence · MI / Grand Rapids

Grand Rapids, MI 49503 Housing Market

The typical home value in Grand Rapids 49503 is $294,526, up 1.4% over the past year. The median list price is $318,450, and homes are taking a median of 42 days on market as of June 1, 2026.

Updated June 2026Median value$295K

The median home value in Grand Rapids, MI 49503 is $295K as of June 2026, up 1.4% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

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Typical 49503 range

$271K to $318K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

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12-month value trend

+1.4% over 12 months

Typical home value in 49503 over the last 12 months: $291K in Jun 2025 to $295K in Jun 2026 (+1.4%).

Jun 2025$291K

Jun 2026$295K

The numbers

What is the 49503 housing market like?

Typical home value

$295K

Up1.4%YoY

Median list price

$318K

Days on market

42

Up366.7%MoM

Homes for sale

66

Price cuts

26.0%

New listings

28

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

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The comparison

How do 49503 home prices compare?

  • 49503$294,526
  • Grand Rapids$349,801
  • Michigan$247,122
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Grand Rapids: 12 ZIPs; Michigan: 891 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 66 homes for sale in the 49503 ZIP code, with 28 new listings added recently. The typical home value sits at $294,526, up 1.4% over the past year, while the median list price is $318,450. Homes are spending a median of 42 days on market, and 26.0% of listings have had a price cut. For sellers, that mix suggests steady but not urgent demand, so pricing carefully and preparing for some negotiation makes sense.

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