Grand Rapids-Kentwood, MI · Michigan
Kent County
ZIP 49418
658,844 residents2,632 permits TTM$80,390 median HHI27 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$265,700
ACS 5-Year
Cap rate proxy
5.3%
FMR × 0.65 ÷ Home Value
Rent-to-income
17.6%
HUD FMR ÷ ACS HHI
Net migration
+1.72%
IRS SOI
Permits (TTM)
2,632
Census BPS
Climate risk
92.2
FEMA NRI (0–100)
ZIP 49418
Median home value
—
Gross yield
—
Cap rate
6.0%
Rent gap
—
Affordability
P/I: 4.6R/I: 27.6%
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown27 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate | Rent gap |
|---|---|---|---|---|---|
| 49509 | — | — | — | 7.7% | — |
| 49548 | — | — | — | 5.8% | — |
| 49507 | — | — | — | 8.8% | — |
| 49505 | — | — | — | 6.8% | — |
| 49519 | — | — | — | 5.9% | — |
Ranked by composite score
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Demographics
Owner-occupied
70.4%
Census ACS
Vacancy rate
4.6%
Census ACS
Bachelor's degree +
39.6%
Census ACS
Rent burdened
46.6%
Census ACS (>30% income)
Median age
35.7
Census ACS
U.S. Census Bureau — American Community Survey 5-Year Estimates
U.S. Census Bureau — Building Permits Survey
U.S. Department of Housing and Urban Development — Fair Market Rents / Small Area Fair Market Rents (SAFMR)
Internal Revenue Service — Statistics of Income Migration Data
FEMA — National Risk Index
Last updated: April 16, 2026