T-RECS
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Trended Real Estate Comparison Scores (T-RECS) compare current real estate markets with their closest analogs in history, to project their most probable trajectories going forward.
Read more about our T-RECS model hereWhere willrank amongst housing markets for price growth?
Grand Rapids-Kentwood, MI
State
Michigan
Region
Midwest
2021 Population
1,091,620
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 279,464 homes | 69th |
| Home Price | $274,050 | 48th |
| Price Per sqft | $210/sqft | 63rd |
| Lot Size | 0.27 acre(s) | 68th |
| Home Size | 1,367 sqft | 11th |
| 2 Year Price Growth | +18.93% | 41st |
| Demographics | Percentile | |
|---|---|---|
Home Age | 54 years | 27th |
Population Age | 37 years | 79th |
| Household Size | 2.59 people | 75th |
| Economics | Percentile | |
|---|---|---|
| Household Income | $72,014 | 64th |
| 2 Year Household Income Growth | +9.55% | 78th |
Unemployment Rate | 4.40% | 81st |
2 Year Unemployment Rate Difference | +0.90% | 60th |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 69th |
| Population Growth Score | 53rd |
| Price Growth Score | 56th |
Projected Annual Growth Percentile
Across the top 200 markets by population
3 Year Projected Rank:
118 / 200 ( 41st %tile )Top 5 Historical T-RECS Matched Markets
1.
Kansas City, MO-KS
Year: 2020
Similarity Score: 92
2.
Des Moines-West Des Moines, IA
Year: 2019
Similarity Score: 92
3.
Louisville/Jefferson County, KY-IN
Year: 2018
Similarity Score: 92
4.
Omaha-Council Bluffs, NE-IA
Year: 2019
Similarity Score: 91
5.
Syracuse, NY
Year: 2011
Similarity Score: 91
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 279,464 homes | 69th |
| Home Price | $274,050 | 48th |
| Price Per sqft | $210/sqft | 63rd |
| Lot Size | 0.27 acre(s) | 68th |
| Home Size | 1,367 sqft | 11th |
| 2 Year Price Growth | +18.93% | 41st |
| Demographics | Percentile | |
|---|---|---|
Home Age | 54 years | 27th |
Population Age | 37 years | 79th |
| Household Size | 2.59 people | 75th |
| Economics | Percentile | |
|---|---|---|
| Household Income | $72,014 | 64th |
| 2 Year Household Income Growth | +9.55% | 78th |
Unemployment Rate | 4.40% | 81st |
2 Year Unemployment Rate Difference | +0.90% | 60th |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 69th |
| Population Growth Score | 53rd |
| Price Growth Score | 56th |