Grand Rapids Real Estate Market Insight
If you are looking at buying a house in Grand Rapids as a potential investment opportunity, you must read till the end. Grand Rapids in Michigan is home to around 200,000 people. That makes it the second largest city in the state and the largest on the west side of the state. However, the Grand Rapids housing market includes the larger metro area that is home to around a million people. The Grand Rapids-Wyoming metro area includes Kent County, Barry County, Montcalm County and Ottawa County. Let’s discuss top ten reasons to invest in the Grand Rapids real estate market. But, before that, we shall take a look at some of the real estate market data and trends in Grand Rapids, MI.
Grand Rapids is the fastest growing community in Michigan. The Grand Rapids metro area ranked second on a list of 10 housing markets nationwide that are “poised for takeoff,” according to a new study by Trulia. The main factors were the affordability, employment growth and low vacancy rates. It was ranked as the top housing market nationwide by Trulia in the same study in 2017. Grand Rapids is poised to attract people and have strong demand for housing in the market. Investing in Grand Rapids rental property can yield a favorable return on investment.
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