T-RECS
powered by ResiShares
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 | 274,973 homes | 72nd |
| Home Price | $292,825 | 48th |
| Price Per sqft | $220/sqft | 64th |
| Lot Size | 0.28 acre(s) | 70th |
| Home Size | 1,402 sqft | 10th |
| 2 Year Price Growth | +19.93% | 80th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 54 years | 25th |
Population Age | 0 years | 59th |
| Household Size | 2.56 people | 75th |
| Economics | Percentile | |
|---|---|---|
| Household Income | $77,771 | 66th |
| 2 Year Household Income Growth | +13.52% | 74th |
Unemployment Rate | 2.80% | 88th |
2 Year Unemployment Rate Difference | -1.15% | 57th |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 51st |
| Population Growth Score | 69th |
| Price Growth Score | 87th |
Projected Annual Growth Percentile
Across the top 200 markets by population
3 Year Projected Rank:
112 / 200 ( 44th %tile )Top 5 Historical T-RECS Matched Markets
1.
Kansas City, MO-KS
Year: 2020
Similarity Score: 89
2.
Columbus, OH
Year: 2020
Similarity Score: 89
3.
Minneapolis-St. Paul-Bloomington, MN-WI
Year: 2018
Similarity Score: 88
4.
Cincinnati, OH-KY-IN
Year: 2020
Similarity Score: 88
5.
Omaha-Council Bluffs, NE-IA
Year: 2012
Similarity Score: 88
| Market Details | Percentile | |
|---|---|---|
| Housing Population | 274,973 homes | 72nd |
| Home Price | $292,825 | 48th |
| Price Per sqft | $220/sqft | 64th |
| Lot Size | 0.28 acre(s) | 70th |
| Home Size | 1,402 sqft | 10th |
| 2 Year Price Growth | +19.93% | 80th |
| Demographics | Percentile | |
|---|---|---|
Home Age | 54 years | 25th |
Population Age | 0 years | 59th |
| Household Size | 2.56 people | 75th |
| Economics | Percentile | |
|---|---|---|
| Household Income | $77,771 | 66th |
| 2 Year Household Income Growth | +13.52% | 74th |
Unemployment Rate | 2.80% | 88th |
2 Year Unemployment Rate Difference | -1.15% | 57th |
ResiShares Market Factors | Percentile |
|---|---|
| Economic Growth Score | 51st |
| Population Growth Score | 69th |
| Price Growth Score | 87th |