Market Overview
Home Prices in East Grand Rapids, MI
The median home value in East Grand Rapids, MI is $700,485 as of mid-2026, according to Zillow's Home Value Index (ZHVI).That's up 6.4% compared to a year ago and up 4.3% from two years prior.
Compared to the U.S. national median of $410,000, homes in East Grand Rapids are priced71% above average. East Grand Rapids is part of the Grand Rapids-Kentwood, MI metro area.
Over the past five years, East Grand Rapids home values have risen by approximately39.3%, reflecting strong long-term appreciation in this market.
Price History
East Grand Rapids Home Price Trend
City Comparison
East Grand Rapids vs. National Median
At $700,485, homes in East Grand Rapids cost 71% above the national median of $410,000. Buyers in East Grand Rapids should expect to pay a premium compared to most U.S. markets.
Affordability
What Does It Cost to Buy in East Grand Rapids?
20% Down Payment
$140,097
on $700,485
Monthly P&I
$3,653/mo
30-yr @ 6.8%
Total Monthly Est.
~$4,639/mo
incl. taxes & insurance
Income Needed
$185,560
gross annual (30% rule)
10% Down Option
$70,049
+ PMI applies
Loan Amount (20% dn)
$560,388
at current rates
Estimates assume a 30-year fixed mortgage at 6.8%. Monthly total includes estimated property taxes and homeowner's insurance. Actual costs vary.
FAQ
Frequently Asked Questions
What is the average home price in East Grand Rapids, MI?
The median home value in East Grand Rapids is $700,485 as of mid-2026, according to Zillow's Home Value Index (ZHVI). That's up 6.4% year-over-year.
How much have home prices changed in East Grand Rapids?
Over the past year, home values in East Grand Rapids have increased by 6.4%. Over five years, prices have risen approximately 39.3%.
How much do I need to earn to buy a home in East Grand Rapids?
To comfortably afford the median home price of $700,485 with a 20% down payment ($140,097) at today's rates (6.8%), you'd need a gross annual income of approximately $185,560. This assumes keeping total housing costs at or below 30% of gross income.
How does East Grand Rapids compare to the national average home price?
The national median home value is approximately $410,000. At $700,485, homes in East Grand Rapids are 71% above the national average.
What metro area is East Grand Rapids part of?
East Grand Rapids is part of the Grand Rapids-Kentwood, MI metropolitan area. Home prices and market conditions can vary across the broader metro region.