Market Intelligence · MI / Grand Rapids

Grand Rapids, MI 49505 Housing Market

The typical home value in Grand Rapids 49505 is $301,495, up 4.0% over the past year. The median list price stands at $327,450, with homes spending a median of 33 days on market as of September 2026.

Updated September 2026Median value$301K

The median home value in Grand Rapids, MI 49505 is $301K as of September 2026, up 4.0% 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 49505 range

$277K to $326K

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

+4.0% over 12 months

Sep 2025$290K

Low $290KHigh $301K

Sep 2026$301K

The numbers

What is the 49505 housing market like?

As of September 2026

Typical home value

$301K

4.0%YoY

Median list price

$327K

1.6%MoM

Days on market

26.9%MoM

Homes for sale

18.4%MoM

Price cuts

35.3%

55.6%MoM

New listings

38.5%MoM

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

The outlook

49505 housing market forecast 2027

+2.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 49505 to rise 2.5% by September 2027.

Over the 12 months through September 2026, typical home values in 49505 rose 4.0%, per the Zillow Home Value Index.

Will home prices drop in 49505?

Zillow's forecast does not call for a drop: it expects typical home values in 49505 to rise 2.5% by September 2027, after a 4.0% 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 49505 home prices compare?

49505$301,495
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

The 49505 ZIP code has 58 homes for sale and 32 new listings as of September 2026. The gap between typical home value and median list price suggests some homes are priced above recent value levels. About 35.3% of current listings have seen a price cut, indicating sellers are testing the market and adjusting expectations. At 33 days median time on market, homes are moving at a moderate pace. If you're considering selling, this is a reasonable time to list, though pricing carefully will matter more than it did a year ago.

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Common questions

What people ask us.

What is the typical home value in 49505?

The typical home value is $301,495 as of September 2026, up 4.0% over the past year.

How many homes are currently for sale in 49505?

There are 58 homes for sale as of September 2026, with 32 new listings that same month.

How long do homes typically stay on the market in 49505?

The median days on market is 33 as of September 2026.

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Nearby ZIP markets.

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