Grand Rapids Is 2017’s 4th Best Midsize Real-Estate Market
While the rest of the state and the country struggles in real estate sales, Grand Rapids continues to be hot.
With home sales nationally recently falling to their lowest level this year, the personal-finance website WalletHub conducted an in-depth analysis of 2017’s Best Real-Estate Markets.
To determine the most attractive real-estate markets in the U.S., WalletHub’s analysts compared 300 cities across 21 key metrics. The data set ranges from median home-price appreciation to home sales turnover rate to job growth.
Health of Grand Rapids’ Real-Estate Market (1=Best; 150=Avg.):
- 82nd – % of Homes with Negative Equity
- 73rd – Avg. Days Until Sale
- 30th – Job Growth Rate
- 20th – Foreclosure Rate
- 64th – % of Delinquent Mortgage Holders
- 38th – Home Price as % of Income
Grand Rapids ranks 16th overall and 4th among midsize cities.