The story of this market
The typical home in ZIP 49508 sells for about $345,042, or $185 per square foot.
Prices are up +4% from a year ago, so sellers still have some momentum. Homes take about 14 days to sell, which is fast. HUD's fair market rent for a two-bedroom is $1,264 a month.
ZIP 49508 — Grand Rapids
The 49508 housing market shows steady appreciation with a 4.0% year-over-year increase in home values, supported by low inventory and consistent demand. While sales activity remains competitive, the market is stabilizing as buyers adjust to current interest rate environments. Note that specific figures for active listings and price-cut percentages are based on regional trends as ZIP-level data for these metrics is not explicitly published.
This ZIP is well-suited for working-class families and commuters seeking proximity to major highways and employment centers without the higher price points of the inner city or northern suburbs.
Median prices moved up 4.0% year over year.
Homes spend a median of 14 days on market with 2.1 months of supply — a fast-moving market.
22% of listings have cut prices · homes sell at 100.5% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 4.8% · poverty 10.8% — 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 11.0%/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 9.3%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 49508, Kent County MI
Crime rates in the 49508 area are generally consistent with urban averages for the Grand Rapids region, with property crime being the primary reported concern.
Schools serving the 49508 ZIP code are primarily part of the Kentwood Public Schools district, which is characterized by high student diversity and a range of academic performance levels.
The area faces standard Midwestern climate risks, including seasonal severe thunderstorms and winter weather, with localized flood risks in low-lying areas near regional drainage basins.
The area benefits from its proximity to the Gerald R. Ford International Airport and major industrial corridors, driving consistent demand for workforce housing and logistics-related employment.
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 convenient access to M-6 and US-131, providing efficient transit to downtown Grand Rapids and major employment hubs in the surrounding metro area.
The ZIP features several community parks and is within short driving distance of the larger regional trail systems and shopping centers along the 28th Street corridor.
The rental market is characterized by steady demand and low vacancy rates, driven by the area's affordability relative to the broader Grand Rapids metro market.
The economy is anchored by logistics, manufacturing, and retail sectors, with significant employment provided by the nearby international airport and regional distribution centers.
The area is served by a network of major highways including M-6 and US-131, facilitating regional connectivity, while public transit options are provided by The Rapid.
Development is focused on mixed-use infill projects and the expansion of commercial facilities near the airport corridor.
Kent County utilizes a standard ad valorem assessment system based on the state equalized value (SEV) and capped taxable value.
Parcels are subject to Kentwood Public Schools and Kent Intermediate School District levies, along with standard municipal and county service districts.
Property insurance premiums are stable, though homeowners should account for standard Midwestern weather-related risk factors.
Data retrieved from Census Reporter and data.census.gov ZCTA profiles.
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 Rapids4.42.5 mi
- Dave & Buster's Kentwood4.14.1 mi
- Sky Zone Grand Rapids4.23.9 mi
- Main Event Grand Rapids4.23.9 mi
- Rebounderz Grand Rapids - Indoor Trampoline and Adventure Park4.48.4 mi
- Frederik Meijer Gardens & Sculpture Park4.88.1 mi
- Van Andel Arena4.56.8 mi
- DeVos Place4.57.2 mi
- Grand Rapids Downtown Market4.66.2 mi
- Founders Brewing Co4.36.6 mi
- Frederik Meijer Gardens & Sculpture Park4.88.1 mi
- John Ball Zoo4.67.3 mi
- Millennium Park4.77.5 mi
- Celebration! Cinema4.59.4 mi
- Grand Rapids Public Museum4.77.1 mi
- Frederik Meijer Gardens & Sculpture Park4.88.1 mi
- Grand Rapids Public Museum4.77.1 mi
- Grand Rapids Children's Museum4.66.8 mi
- Grand Rapids Art Museum4.66.9 mi
- The Gerald R. Ford Presidential Museum4.77.3 mi
- Frederik Meijer Gardens & Sculpture Park4.88.1 mi
- Millennium Park4.77.5 mi
- Riverside Park4.610.1 mi
- Belknap Park4.68 mi
- Rosa Parks Circle4.67 mi
- Murray Lake Marina4.417.2 mi
- Saskatoon Golf Club4.310.9 mi
- Mines Golf Club4.37.5 mi
- Thornapple Pointe Golf Club4.57.4 mi
- Watermark Country Club4.66.7 mi
- Quail Ridge Golf Club49.2 mi
- Woodland Mall4.34 mi
- Tanger Outlets Grand Rapids4.44.5 mi
- RiverTown Crossings4.46.3 mi
- Grand Rapids Downtown Market4.66.2 mi
- Horrocks Market4.61.6 mi
Theme parks, venues, golf, airports, museums, water and shopping across the area from Google Maps, ranked by popularity within the radius shown.
Major local venue for high school sports and community events.
Provides local green space and recreational trails for residents.
Major regional shopping destination located in close proximity to the ZIP.
Key-figure check: median price corroborated by the published ten-year series (2025) (within 12.5%).