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Area data

Grand Rapids, MI — ZIP 49503

Population: 39,489 (Census ACS)

The typical home value in ZIP 49503 (Grand Rapids, MI) is $288,101 — up 1.7% over the past year. Homes sell for a median $302,500 after a median 13 days on market. Typical rent runs $1,514/month. 17 schools serve the area (NCES). FEMA's National Risk Index rates the county's overall natural-hazard risk Relatively Moderate, with strong wind, cold wave, ice storm the top-rated hazards. Cost of living is 3.8% below the US average (BEA, metro/state-level).

Backed by 25+ public sourcesFEMA · U.S. Census · NOAA · Dept. of Education · EPA · and more

$288,101

Typical home value

+1.7%

1-year change

13

Median days on market

Relatively Moderate

Hazard risk (county)

Home values & appreciation

Typical home value
$288,101
1-year appreciation
+1.7%
3-year appreciation
+9.6%
5-year appreciation
+25.0%
10-year appreciation
+115.0%
Peak value since 2000 (Mar 2026)
$289,001
House Price Index (state)
400.5 (+3.7% YoY)

Sources: home value index (ZIP-level) · FHFA House Price Index (state-level)

Market activity

Median sale price
$302,500
Median list price
$309,000
Median price per sqft
$210
1-year sale-price change
+0.0%
Median days on market
13 days
Homes sold (recent period)
110
For-sale inventory
99
Sale-to-list ratio
99.8%
Active listings
94
1-year forecast
+2.1%
Days to pending
30 days
New listings (monthly)
36

Source: recent area sales and market data (ZIP-level)

Rents

Typical rent
$1,514/mo
1-year rent change
+3.8%
Studio fair-market rent
$1,306/mo
1BR fair-market rent
$1,365/mo
2BR fair-market rent
$1,630/mo
3BR fair-market rent
$2,113/mo
4BR fair-market rent
$2,417/mo

Sources: market rent index (ZIP-level) · HUD Fair Market Rents (metro/county-level, 40th-percentile regulatory reference)

Affordability

Cost of living index (Average)
96.2 (100 = US avg)
Electricity rate (state-level)
20.0¢/kWh
Natural gas rate (state-level)
$10.90/MCF
30-year mortgage rate (national)
7.40%
15-year mortgage rate (national)
6.73%

Sources: BEA Regional Price Parities (metro/state-level) · EIA energy rates (state-level) · Freddie Mac PMMS (national)

Schools

Total schools
17
Elementary schools
6
Middle schools
0
High schools
9
Charter schools
4
Avg student-teacher ratio
15.1 : 1
School districts serving the area
William C. Abney Academy, Grand Rapids Child Discovery Center, Lighthouse Academy
Schools include
William C Abney Academy Elementary, Grand Rapids Child Discovery Center, Lighthouse Academy Waalkes, Lighthouse Academy The Pier, Bethany Based School

Source: NCES school directory, 2024-25 (school-address-based)

Natural hazards & flood risk

Overall hazard risk (county)
Relatively Moderate
Top hazards (county)
strong wind, cold wave, ice storm, inland flooding, tornado
Notable hazard ratings (county)
strong wind: Very High · tornado: Relatively High · cold wave: Relatively High · ice storm: Relatively High · winter weather: Relatively High · inland flooding: Relatively High
Most common flood zone among NFIP claims
Zone X
NFIP flood claims on record
21
Wildfire risk to homes (county)
Higher than 11% of US counties
Buildings in wildfire direct-exposure zone
29.2%
Radon potential (county)
Moderate radon potential — EPA Zone 2 of 3
EPA Superfund (NPL) sites within 5 mi
5
Nearest Superfund site
Butterworth #2 Landfill (2.2 mi)
Flood zones vary by property. Look up a specific address on the FEMA Flood Map Service Center.
EPA recommends radon testing for every home regardless of zone.

Sources: FEMA National Risk Index (county-level) · FEMA NFIP flood-insurance claims (ZIP-level) · USDA Forest Service Wildfire Risk to Communities (county-level) · EPA radon zones + Superfund NPL

Climate (30-year normals)

Annual precipitation
42.7 in
USDA plant hardiness zone
6a (extreme annual low -10 to -5°F)

Sources: NOAA Climate Normals (30-year, nearest-station) · USDA Plant Hardiness Zone Map (2023)

Air quality

Air quality rating
Moderate
Median AQI (annual)
52
Days with Good air quality
153
Days with Moderate air quality
203
Days with Unhealthy air quality
2
Highest AQI recorded (year)
163

Source: EPA annual air quality index (county-level)

Walkability & transit

Walkability index
16.3 / 20
Transit service frequency
361
Jobs reachable by car (30 min)
103,106
Jobs reachable by transit (45 min)
75,036

Source: EPA Smart Location Database (metropolitan block groups)

Amenities

Airports within 30 mi
35
Nearest airport
Weller Airport (7 mi)
Nearest major airport
Gerald R. Ford International Airport (GRR) (9 mi)
Hospitals in or near this ZIP
2
Hospitals include
SPECTRUM HEALTH, MERCY HEALTH SAINT MARY'S
Avg hospital rating (CMS)
3.5 / 5
Best hospital rating nearby (CMS)
4.0 / 5
Solar radiation rating
Fair (3.8 kWh/m²/day)

Sources: National Park Service · FAA airport data · CMS hospital data (same ZIP, else within ~40 mi) · DOE/NREL (proximity-based)

Migration

Net migration (county)
-1,535 tax filers

Source: IRS SOI county-to-county migration (county-level; published with a multi-year lag)

Housing stock

Median year housing built
1938
Housing built before 1970
69.3%
Housing built 2000 or later
17.1%
Median annual property tax
$2,302
Mean commute to work
16 min
Households with broadband internet
75.9%

Source: Census ACS 5-year estimates (ZIP-level)

Employment & development

Total county employment
390,596
Average weekly wage
$1,243
Top industries (by employment)
Health Care, Administrative Services, Accommodation & Food
Annual residential building permits (county)
2,398

Sources: BLS QCEW (county-level) · Census Building Permits (county-level)

How it compares

ZIP 49503State medianUS median
Typical home value$288,101$242,800$288,527
Median sale price$302,500$265,000$325,000
Median days on market13 days36 days51 days
Typical rent$1,514/mo$1,505/mo$1,809/mo
Median annual property tax$2,302$2,175$2,006

State and US medians are computed across all US ZIP codes with sufficient public-data coverage, from the same sources as the figures above.

Area data compiled from public government, academic, and industry research feeds. Data sources →

Common questions

What is the typical home value in ZIP 49503?
$288,101.
What is the median sale price in ZIP 49503?
$302,500.
How long do homes take to sell in ZIP 49503?
Median days on market: 13 days.
What is typical rent in ZIP 49503?
Typical rent: $1,514/month.
What is the natural-hazard risk in ZIP 49503?
Overall risk: Relatively Moderate (FEMA NRI, county-level). Top hazards: strong wind, cold wave, ice storm, inland flooding, tornado.
Is ZIP 49503 in a flood zone?
Flood zones vary by property within ZIP 49503. 21 FEMA flood-insurance (NFIP) claims are on record; the most common zone among them is X. Check a specific address on the FEMA Flood Map Service Center.
What is the wildfire risk in ZIP 49503?
Risk to homes is higher than 11% of US counties (USDA Forest Service Wildfire Risk to Communities, county-level).
What is the radon potential in ZIP 49503?
Moderate radon potential — EPA Zone 2 of 3, county-level. EPA recommends testing every home regardless of zone.
Are there Superfund sites near ZIP 49503?
5 current or proposed National Priorities List sites within 5 miles (EPA). Nearest site: Butterworth #2 Landfill, 2.2 mi.
How many schools serve ZIP 49503?
17 schools (6 elementary, 9 high) (NCES, 2024-25).
Is ZIP 49503 walkable?
Walkability index: 16.3/20 (EPA Smart Location Database).
What is the air quality in ZIP 49503?
Moderate. Median AQI: 52. (EPA AQI).
What is the cost of living in ZIP 49503?
Regional Price Parity: 96.2 (100 = US average) (Average) (BEA RPP, metro/state-level).

Nearby ZIP codes

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Data last updated

Most recent source refresh: Oct 2026. See all data sources →

Data compiled by REAIGENT7 — AI listing platform for real estate agents