Zip Code 49508

Grand Rapids, MI • Kent County

Real Estate Market Analysis

Q3 2025 Report

$329,300 (April 2025)

Median Home Value

Not specified in available data

Population

Not specified in available data

Median Income

Not specified in available data

School District Rating

Market Statistics

Property Values

$329,300 (April 2025)

Median Home Value

Not specified for 49508; Grand Rapids average is $1,670 (June 2025)

Median Rent

Not specified for 49508; Grand Rapids median is $186 (June 2025)

Price per Sq Ft

Market Performance

Home Appreciation+2.9% year-over-year (April 2025)

Market VelocityAverage days on market: 13 (Grand Rapids citywide, May 2025)

Foreclosure RateNot specified in available data

Area Information

Area SizeNot specified in available data

CountyKent

Primary CityGrand Rapids

Housing Profile

Housing Statistics

Total Housing UnitsNot specified in available data

Owner OccupiedNot specified in available data

Rental PropertiesNot specified in available data

Vacant UnitsNot specified in available data

New ConstructionNot specified in available data

Housing Types

Single-familyMulti-familyCondos

Demographics

Not specified in available data

Population

Not specified in available data

Median Age

Not specified in available data

Median Income

Not specified in available data

Employment Rate

Not specified in available data

Education Levels

Not specified in available data

Family Composition

Education Quality

School District Performance

Not specified in available data

District Rating

School DistrictGrand Rapids Public Schools (GRPS) and/or other local districts

Test ScoresNot specified in available data

Graduation RatesNot specified in available data

Schools in Area

Elementary
Middle
High

Economic Factors

Employment & Business

Job GrowthGrand Rapids region noted for job growth and economic resilience

Unemployment RateNot specified in available data

Business EnvironmentDiverse, with a mix of large employers and small businesses

Commercial ActivityNot specified in available data

Major Employers

Healthcare
Manufacturing
Education
Finance

Infrastructure & Quality of Life

Infrastructure

Transportation Access

• I-96
• US-131
• Public transit (The Rapid)

Utilities & Services

• Electric
• Water
• Gas
• Internet

Quality of Life

Safety & Environment

Not specified in available data

Good air and water quality

Healthcare Access

• Major hospitals and clinics nearby

Development Trends

Planned Developments

Mixed-use
Residential infill
Commercial expansion

Infrastructure Projects

• Road improvements
• Public transit upgrades

Investment Outlook

Growth Outlook

Steady, with potential for increased inventory as long-tenured homeowners consider selling

Investment Opportunities

• Starter homes
• Rental properties
• Fixer-uppers

Marketing Intelligence

Target Demographics

Millennials
Young families
First-time buyers
Investors

Competitive Advantages

Lower prices than national average
Strong local economy
Quality of life

Pricing Strategies

Competitive pricing, quick response to market shifts

Common Objections & Response Strategies

Objection: Limited inventory

Response Strategy:

Highlight upcoming listings and new construction

Objection: School quality concerns

Response Strategy:

Provide district data, highlight nearby charter/private options

Objection: Perceived safety

Response Strategy:

Share crime statistics, neighborhood testimonials

Objection: Commute times

Response Strategy:

Emphasize proximity to major highways and public transit

Professional Recommendations

Stay informed on local inventory trends and new listings

Build relationships with long-tenured homeowners for future listings

Leverage digital marketing to reach tech-savvy buyers

Provide comprehensive neighborhood and school data to address buyer concerns

Monitor interest rate trends and adjust pricing strategies accordingly

Network with local employers and relocation services to attract new residents

Highlight the zip code’s growth potential and quality of life in all marketing materials

Competitive Analysis

Comparable Markets

49525: Higher median prices, larger homes, more luxury inventory
49518: Similar median prices, slightly slower market velocity
Citywide (Grand Rapids): Broader inventory, more competitive pricing

Market Positioning

Position as a balanced market with growth potential

Competitive Advantages

Faster sales velocity than city average
Strong year-over-year price growth
Attractive to entry-level and mid-market buyers

Price Comparison

Median price in 49508 ($329,300) is above citywide median ($310,836), reflecting desirability

Investment Metrics

Not specified in available data

Cap Rates

Not specified in available data

Rental Yields

Not specified in available data

Price-to-Rent

Not specified in available data

Cash Flow

Continued moderate growth expected

Appreciation

Buyer Journey Insights

First-Time Buyers

Seek affordability, proximity to jobs, school options; value digital tours and financing assistance

Move-Up Buyers

Look for larger homes, better schools, neighborhood amenities; prioritize quick sales of current homes

Downsizers

Seek low-maintenance properties, access to services, walkability

Investors

Focus on cash flow, appreciation potential, rental demand; value turnkey and value-add opportunities

Relocators

Prioritize job proximity, quality of life, community vibe; benefit from neighborhood guides and local insights

This zip code analysis was generated using comprehensive market data and AI intelligence.

Market conditions change rapidly - consult with local real estate professionals for the most current information.

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zip_code

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