Grand Rapids-Kentwood, MI · Michigan
Ottawa County
ZIP 49424
298,614 residents1,247 permits TTM$87,144 median HHI16 ZIP codesUpdated April 16, 2026
Investor first look
Median home value
$291,200
ACS 5-Year
Cap rate proxy
4.7%
FMR × 0.65 ÷ Home Value
Rent-to-income
15.8%
HUD FMR ÷ ACS HHI
Net migration
+2.02%
IRS SOI
Permits (TTM)
1,247
Census BPS
Climate risk
82.9
FEMA NRI (0–100)
ZIP 49424
Median home value
—
Gross yield
—
Cap rate
5.9%
Rent gap
—
Affordability
P/I: 4.3R/I: 25.4%
Section 8 detail
SAFMR: —Rent: —Gap: —
ZIP code breakdown16 ZIP codes
| ZIP | Median home value | Rent (FMR 2BR) | Gross yield | Cap rate ↓ | Rent gap |
|---|---|---|---|---|---|
| 49534 | — | — | — | 6.2% | — |
| 49424 | — | — | — | 5.9% | — |
| 49409 | — | — | — | 4.7% | — |
| 49430 | — | — | — | 4.7% | — |
| 49434 | — | — | — | 4.7% | — |
| 49456 | — | — | — | 4.5% | — |
| 49417 | — | — | — | 4.3% | — |
| 49404 | — | — | — | 4.0% | — |
| 49428 | — | — | — | 3.9% | — |
| 49403 | — | — | — | 3.7% | — |
| 49448 | — | — | — | 3.7% | — |
| 49464 | — | — | — | 3.6% | — |
| 49401 | — | — | — | 3.4% | — |
| 49435 | — | — | — | 3.3% | — |
| 49426 | — | — | — | 3.3% | — |
| 49460 | — | — | — | 2.8% | — |
Sort by any column. Click a ZIP for detail. Rent gap: green = HUD FMR above market rent.
Demographics
Owner-occupied
78.5%
Census ACS
Vacancy rate
5.3%
Census ACS
Bachelor's degree +
37.5%
Census ACS
Rent burdened
44.4%
Census ACS (>30% income)
Median age
36.3
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