Market Intelligence · MI / Grand Rapids

Grand Rapids, MI 49504 Housing Market

Homes in Grand Rapids 49504 are worth a typical $285,962, up 3.2% over the past year. The median list price is $309,975, with homes typically spending 27 days on market as of September 2026.

Updated September 2026Median value$286K

The median home value in Grand Rapids, MI 49504 is $286K as of September 2026, up 3.2% year over year, according to Zillow ZHVI. For a read on your own home, start with a free consultation: a licensed local pro will walk you through your numbers and your options, with no obligation.

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Typical 49504 range

$263K to $309K

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

+3.2% over 12 months

Sep 2025$277K

Low $277KHigh $286K

Sep 2026$286K

The numbers

What is the 49504 housing market like?

As of September 2026

Typical home value

$286K

3.2%YoY

Median list price

$310K

1.6%MoM

Days on market

10.0%MoM

Homes for sale

32.1%MoM

Price cuts

29.8%

38.9%MoM

New listings

3.8%MoM

Sources · Zillow ZHVI (September 2026) / Realtor.com (September 2026) / FRED (October 2026)

The outlook

49504 housing market forecast 2027

+2.8%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 49504 to rise 2.8% by September 2027.

Over the 12 months through September 2026, typical home values in 49504 rose 3.2%, per the Zillow Home Value Index.

Will home prices drop in 49504?

Zillow's forecast does not call for a drop: it expects typical home values in 49504 to rise 2.8% by September 2027, after a 3.2% rise over the past 12 months. Forecasts are not guarantees: mortgage rates, inventory, and the wider economy can move values either way.

Forecast: Zillow Home Value Forecast, published October 2026. A forecast, not a guarantee.

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The comparison

How do 49504 home prices compare?

49504$285,962
Grand Rapids$342,153
Michigan$241,156
United States$285,347

Median Zillow home value (ZHVI), as of September 2026. Comparison levels are medians across every ZIP code with Zillow data (Grand Rapids: 12 ZIPs; Michigan: 891 ZIPs; United States: 26,262 ZIPs).

Context

As of September 2026, there are 74 homes for sale in 49504, with 50 new listings added recently. The median time homes spend on market is 27 days. Nearly 30% of listings have seen a price cut, which suggests sellers are adjusting to market conditions. Despite the year-over-year value increase of 3.2%, the prevalence of price reductions indicates that homes are not selling as quickly as some owners might have hoped.

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Down payment20% · $57,192

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Common questions

What people ask us.

What is a typical home worth in 49504?

The typical home value in Grand Rapids 49504 is $285,962, up 3.2% over the past year as of September 2026.

How many homes are currently for sale in 49504?

There are 74 homes for sale in this ZIP code as of September 2026, with 50 new listings recently added to the market.

How long do homes typically stay on the market here?

Homes in 49504 spend a median of 27 days on market as of September 2026.

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