Market Intelligence · MI / Grand Rapids

Grand Rapids, MI 49512 Housing Market

Typical home values in 49512 are $364,606, up 2.2% over the past year. The median list price stands at $356,026, with homes taking a median of 61 days to sell as of September 2026.

Updated September 2026Median value$365K

The median home value in Grand Rapids, MI 49512 is $365K as of September 2026, up 2.2% 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 49512 range

$335K to $394K

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

+2.2% over 12 months

Sep 2025$357K

Low $357KHigh $365K

Sep 2026$365K

The numbers

What is the 49512 housing market like?

As of September 2026

Typical home value

$365K

2.2%YoY

Median list price

$356K

1.4%MoM

Days on market

34.4%MoM

Homes for sale

26.2%MoM

Price cuts

15.8%

58.3%MoM

New listings

37.5%MoM

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

The outlook

49512 housing market forecast 2027

+2.5%

Zillow forecast, 12 months to September 2027

Zillow forecasts typical home values in 49512 to rise 2.5% by September 2027.

Over the 12 months through September 2026, typical home values in 49512 rose 2.2%, per the Zillow Home Value Index.

Will home prices drop in 49512?

Zillow's forecast does not call for a drop: it expects typical home values in 49512 to rise 2.5% by September 2027, after a 2.2% 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 49512 home prices compare?

49512$364,606
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

There are 53 homes for sale in 49512, with 22 new listings arriving in September 2026. The market is showing signs of slower movement: homes are spending 61 days on market, and 15.8% of listings have seen a price cut. Despite the uptick in price cuts, the typical home value has gained 2.2% annually, suggesting underlying strength. For sellers, the extended days on market and rising price-cut activity point to a buyer-favorable environment where pricing strategy matters more than it did a year ago.

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Down payment20% · $72,921

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Common questions

What people ask us.

What is the typical home value in 49512?

The typical home value is $364,606 as of September 2026, up 2.2% over the past year.

How long do homes typically stay on the market in 49512?

Homes in this ZIP spend a median of 61 days on market.

What percentage of homes have had price cuts?

As of September 2026, 15.8% of listings in 49512 have experienced a price cut.

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