The story of this market
The typical home in ZIP 49504 sells for about $291,913, or $248 per square foot.
Prices are roughly flat from a year ago (+0.7%), a market in balance. Homes take about 9 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,231 a month.
ZIP 49504 — Grand Rapids
The 49504 housing market remains competitive with steady year-over-year price appreciation and low days on market. Demand is driven by the area's affordability relative to the broader metro and its appeal to young professionals. Some data points, such as specific months of supply, were not explicitly published for this ZIP and are omitted.
This ZIP is well-suited for young professionals, first-time homebuyers, and renters who value proximity to the urban amenities and employment opportunities of downtown Grand Rapids.
Median prices moved up 0.7% year over year.
Homes spend a median of 9 days on market with 3.5 months of supply — a fast-moving market.
23% of listings have cut prices · homes sell at 100% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 5.8% · poverty 15.2% — a stable, low-distress profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 8.9%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 6.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
ZCTA 49504, Kent County MI
Crime trends in the Grand Rapids area are generally monitored by local law enforcement, with 49504 experiencing typical urban density crime rates that are comparable to other mid-sized Midwestern city neighborhoods.
Schools serving the 49504 area are primarily part of the Grand Rapids Public Schools district, which offers a mix of neighborhood and magnet programs with varying performance ratings.
The area is subject to standard Midwestern climate risks, including seasonal severe thunderstorms and winter weather, with flood risks primarily concentrated near the Grand River corridor.
The area benefits from proximity to the Grand Rapids urban core, with ongoing redevelopment of industrial sites into mixed-use residential and commercial spaces.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Michigan) — Disabled Veterans Homestead Exemption: Provides an exemption from property taxes levied for school operating purposes and potentially other local taxes depending on eligibility. State (Michigan) — General Property Tax Act: Property is assessed at 50% of true cash value (State Equalized Value). Taxable value is capped at the lesser of the state equalized value or the previous year's taxable value adjusted by the consumer price index (up to 5%), unless a transfer of ownership occurs.
Residents have direct access to I-196 and US-131, providing efficient transit to downtown Grand Rapids and major regional employment hubs.
The ZIP features access to the Grand River, several local parks, and is within a short drive of downtown Grand Rapids' shopping, dining, and cultural venues.
The rental market is characterized by high demand due to the large population of young adults and single professionals, with steady rent growth and low vacancy pressure.
The economy is anchored by healthcare, manufacturing, and education sectors, with major employers including Spectrum Health and various regional manufacturing firms.
The area is served by The Rapid bus system and major highway corridors, facilitating easy access to the broader Grand Rapids metropolitan area.
Ongoing urban infill projects are focused on increasing housing density along the Bridge Street corridor.
Parcels are subject to Grand Rapids Public Schools and Kent County tax levies.
Standard property insurance coverage is available, with premiums influenced by regional weather patterns and proximity to the river.
Data retrieved from data.census.gov ZCTA 49504 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
- Craig's Cruisers - Grand Rapids4.49 mi
- Dave & Buster's Kentwood4.18.8 mi
- Sky Zone Grand Rapids4.28.9 mi
- Main Event Grand Rapids4.28.1 mi
- Rebounderz Grand Rapids - Indoor Trampoline and Adventure Park4.46.9 mi
- Frederik Meijer Gardens & Sculpture Park4.86.5 mi
- Van Andel Arena4.52.8 mi
- DeVos Place4.52.5 mi
- Grand Rapids Downtown Market4.63.2 mi
- Founders Brewing Co4.32.9 mi
- Frederik Meijer Gardens & Sculpture Park4.86.5 mi
- John Ball Zoo4.62 mi
- Millennium Park4.74 mi
- Celebration! Cinema4.56.2 mi
- Grand Rapids Public Museum4.72.5 mi
- Frederik Meijer Gardens & Sculpture Park4.86.5 mi
- Grand Rapids Public Museum4.72.5 mi
- Grand Rapids Children's Museum4.63 mi
- Grand Rapids Art Museum4.62.7 mi
- The Gerald R. Ford Presidential Museum4.72.4 mi
- Frederik Meijer Gardens & Sculpture Park4.86.5 mi
- Millennium Park4.74 mi
- Riverside Park4.62.9 mi
- Belknap Park4.62.5 mi
- Rosa Parks Circle4.62.7 mi
- Murray Lake Marina4.417.5 mi
- Mines Golf Club4.32.1 mi
- Watermark Country Club4.69.9 mi
- Gimme's Par and Grill4.82.8 mi
- Scott Lake Golf & Practice Center4.57.2 mi
- Thousand Oaks Golf Club4.78.2 mi
- Woodland Mall4.38.1 mi
- Tanger Outlets Grand Rapids4.412.5 mi
- RiverTown Crossings4.47.8 mi
- Grand Rapids Downtown Market4.63.2 mi
- Horrocks Market4.69.2 mi
- Gerald R. Ford International Airport4.612.1 mi
- Blodgett Memorial Medical Center Heliport4.65.3 mi
- Gerald R. Ford International Airport Viewing Park4.712.3 mi
- Muskegon County Airport (MKG)4.729.1 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Provides recreational trails and scenic views along the riverfront.
A major regional attraction located within the ZIP code.
Large community park offering swimming and sports facilities.
Key-figure check: median price corroborated by the prior refresh cycle (within 12.5%).