GRAND RAPIDS - KENTWOOD Mortgage Rates & Closing Costs
30yr Fixed Rate
15yr Fixed Rate
FHA
USDA
VA
5/1 ARM
30 Year Fixed Rate mortgages in Grand Rapids - Kentwood averaged
7.33%
for the week of 2024-04-18, compared to the national average of
7.1% for the same period.
The average rate for the prior week (2024-04-11) was
6.81% and
one month ago for the week of 2024-03-14, the
average rate was 6.97%.
Grand Rapids - Kentwood's average rate one year ago was 6.3%.
For refis of the same type during the week of 2024-04-18, the average rate
was 7.25%.
| Loan Type | Date | Rate |
|---|---|---|
| US 30 Year Fixed Rate | 2024-04-18 | 7.1% |
| Grand Rapids - Kentwood 30 Year Fixed Rate | 2024-04-18 | 7.33% |
| Grand Rapids - Kentwood 30 Year Fixed Rate Refi | 2024-04-18 | 7.25% |
| Grand Rapids - Kentwood 15 Year Fixed Rate | 2024-04-18 | 6.75% |
| Grand Rapids - Kentwood 15 Year Fixed Rate Refi | 2024-04-18 | 7.24% |
| Grand Rapids - Kentwood 30 Year FHA | 2024-04-18 | 7.1% |
| Grand Rapids - Kentwood 30 Year FHA Refi | 2024-04-18 | 6.86% |
| Grand Rapids - Kentwood 30 Year USDA | 2024-04-18 | 7.01% |
| Grand Rapids - Kentwood 30 Year USDA Refi | 2024-04-18 | 7.06% |
| Grand Rapids - Kentwood 30 Year VA | 2024-04-18 | 6.72% |
| Grand Rapids - Kentwood 30 Year VA Refi | 2024-04-18 | 6.66% |
Click on whitespace and scroll within the chart to zoom in/out. Larger bubbles equate with more originations within GRAND RAPIDS-KENTWOOD, MI.
GRAND RAPIDS - KENTWOOD Top Lenders by Rates & Fees
The below table looks at the consensus average rates and fees provided by each lender, for only loans originated in the GRAND RAPIDS-KENTWOOD, MI market. This includes FHA, Conventional, USDA and VA loans, as well as refis. All terms in the below chart are 30 year fixed rate. Unless noted otherwise, other data is all inclusive (FHA, ARM, 15-yr, etc.).
GRAND RAPIDS - KENTWOOD Average Closing Costs & Other Stats
GRAND RAPIDS-KENTWOOD, MI's 259 lenders originated 23,468
loans during 2023. The total origination value was $5,195,160,000, with an average loan value of
$221,372.
GRAND RAPIDS - KENTWOOD's average closing costs are $3,877.
The top GRAND RAPIDS - KENTWOOD lender as defined by loan originations is LAKE MICHIGAN CREDIT UNION, with
1,908 loans originated. Their average total fees are
$3,736, which is $1,954
lower than the next largest lender,
Neighborhood Loans, Inc..
The lowest fee GRAND RAPIDS - KENTWOOD lenders (with over 10 loans originated) are
United Bank of Michigan ($2,423), U.S. Bank ($2,485), Isabella Bank ($2,739), AAC Credit Union ($2,766) and NAVY FEDERAL CREDIT UNION ($2,776).
The lowest rate GRAND RAPIDS - KENTWOOD lenders (with over 10 loans originated) are
MICHIGAN SCHOOLS AND GOVERNMENT (5.86%), ARBOR FINANCIAL CREDIT UNION (5.95%), Morgan Stanley Private Bank (6.05%), AMERISAVE MORTGAGE CORPORATION (6.14%) and Adventure Credit Union (6.16%).
GRAND RAPIDS-KENTWOOD, MI Mortgage Market Share & Volume
Loan origination value is a good proxy for a lender's prominence within the market. The general assumption is that larger lenders will have more resources, but may spend more (and therefore charge more) on marketing and overhead expenses.
| Name | 2022 Loan Value | 2023 Loan Value | % Change | 2023 Market Share |
|---|---|---|---|---|
| LAKE MICHIGAN CREDIT UNION | $1,352,225,000 | $982,160,000 | -27.4% | 18.9% |
| The Huntington National Bank | $502,975,000 | $267,670,000 | -46.8% | 5.2% |
| Neighborhood Loans, Inc. | $336,610,000 | $266,930,000 | -20.7% | 5.1% |
| UNITED WHOLESALE MORTGAGE, LLC | $290,035,000 | $265,580,000 | -8.4% | 5.1% |
| Mercantile Bank of Michigan | $222,855,000 | $234,650,000 | 5.3% | 4.5% |
| Fifth Third Bank | $347,180,000 | $201,900,000 | -41.8% | 3.9% |
| QUICKEN LOANS, LLC | $285,510,000 | $187,040,000 | -34.5% | 3.6% |
| Independent Bank | $250,260,000 | $147,725,000 | -41.0% | 2.8% |
| CONSUMERS | $183,205,000 | $132,195,000 | -27.8% | 2.5% |
| Old National Bank | $224,915,000 | $131,290,000 | -41.6% | 2.5% |
| Macatawa Bank | $128,350,000 | $85,845,000 | -33.1% | 1.7% |
| NORTHERN MORTGAGE SERVICES, LLC | $106,230,000 | $81,135,000 | -23.6% | 1.6% |
| MORTGAGE 1 INCORPORATED | $123,130,000 | $80,480,000 | -34.6% | 1.5% |
| West Michigan Community Bank | $42,425,000 | $74,725,000 | 76.1% | 1.4% |
| The Dart Bank | $42,065,000 | $63,425,000 | 50.8% | 1.2% |
| PNC Bank | $183,705,000 | $63,010,000 | -65.7% | 1.2% |
| Santander Bank, N.A. | $60,600,000 | n/a | 1.2% | |
| ARK-LA-TEX FINANCIAL SERVICES, LLC. | $76,085,000 | $59,475,000 | -21.8% | 1.1% |
| FIRST COMMUNITY MORTGAGE, INC. | $12,170,000 | $57,180,000 | 369.8% | 1.1% |
| ChoiceOne Bank | $45,735,000 | $55,290,000 | 20.9% | 1.1% |
| GUILD MORTGAGE COMPANY | $220,000 | $54,880,000 | 24,845.5% | 1.1% |
| CHURCHILL MORTGAGE CORPORATION | $74,485,000 | $53,340,000 | -28.4% | 1.0% |
| United Bank of Michigan | $79,335,000 | $51,525,000 | -35.1% | 1.0% |
| JPMorgan Chase Bank | $115,885,000 | $47,355,000 | -59.1% | 0.9% |
| Flagstar Bank, FSB | $94,240,000 | $46,365,000 | -50.8% | 0.9% |
| Northpointe Bank | $98,215,000 | $45,000,000 | -54.2% | 0.9% |
| Horizon Bank | $42,220,000 | $42,655,000 | 1.0% | 0.8% |
| Grand River Bank | $65,205,000 | $39,545,000 | -39.4% | 0.8% |
| CROSSCOUNTRY MORTGAGE, LLC | $40,420,000 | $32,440,000 | -19.7% | 0.6% |
| SUCCESS MORTGAGE PARTNERS, INC. | $35,455,000 | $30,635,000 | -13.6% | 0.6% |
| UNION HOME MORTGAGE CORP. | $48,105,000 | $30,175,000 | -37.3% | 0.6% |
| MICHIGAN STATE UNIVERSITY FEDERAL CREDIT UNION | $38,885,000 | $28,225,000 | -27.4% | 0.5% |
| Mortgage Research Center, LLC | $39,415,000 | $28,085,000 | -28.7% | 0.5% |
| Bank of America | $38,340,000 | $23,650,000 | -38.3% | 0.5% |
| UNITED | $31,345,000 | $23,390,000 | -25.4% | 0.5% |
| GREYSTONE SERVICING COMPANY LLC | $1,755,000 | $23,370,000 | 1,231.6% | 0.4% |
| VAN DYK MORTGAGE CORPORATION | $48,245,000 | $22,935,000 | -52.5% | 0.4% |
| NEWREZ LLC | $16,750,000 | $22,325,000 | 33.3% | 0.4% |
| Adventure Credit Union | $39,185,000 | $21,285,000 | -45.7% | 0.4% |
| MMS MORTGAGE SERVICES, LTD. | $30,150,000 | $21,185,000 | -29.7% | 0.4% |
| BELLWETHER ENTERPRISE REAL ESTATE CAPITAL, LLC | $44,215,000 | $20,770,000 | -53.0% | 0.4% |
| 21ST MORTGAGE CORPORATION | $9,470,000 | $20,650,000 | 118.1% | 0.4% |
| NAVY FEDERAL CREDIT UNION | $14,415,000 | $20,060,000 | 39.2% | 0.4% |
| MICHIGAN FIRST CREDIT UNION | $21,485,000 | $19,850,000 | -7.6% | 0.4% |
| Old Second National Bank | $19,325,000 | n/a | 0.4% | |
| Mr. Cooper ( Nationstar Mortgage ) | $45,315,000 | $16,560,000 | -63.5% | 0.3% |
| CMG MORTGAGE, INC. | $1,465,000 | $15,115,000 | 931.7% | 0.3% |
| ARBOR FINANCIAL CREDIT UNION | $28,215,000 | $13,905,000 | -50.7% | 0.3% |
| TRIAD FINANCIAL SERVICES, INC. | $24,075,000 | $13,675,000 | -43.2% | 0.3% |
| Wells Fargo Bank | $28,535,000 | $13,495,000 | -52.7% | 0.3% |
| AMERICAN PACIFIC MORTGAGE CORPORATION | $1,940,000 | $13,485,000 | 595.1% | 0.3% |
| Comerica Bank | $14,700,000 | $13,265,000 | -9.8% | 0.3% |
| Merchants Bank of Indiana | $13,260,000 | n/a | 0.3% | |
| GUARANTEED RATE, INC. | $29,480,000 | $13,250,000 | -55.1% | 0.3% |
| GreenStone Farm Credit Services, FLCA | $19,650,000 | $12,955,000 | -34.1% | 0.2% |
| LOANDEPOT.COM, LLC | $35,300,000 | $12,895,000 | -63.5% | 0.2% |
| WALKER & DUNLOP, LLC | $258,120,000 | $12,715,000 | -95.1% | 0.2% |
| CREDIT UNION ONE | $14,605,000 | $12,470,000 | -14.6% | 0.2% |
| GSF Mortgage Corporation | $2,415,000 | $12,045,000 | 398.8% | 0.2% |
| First Federal Savings and Loan Association of Lakewood | $1,325,000 | $11,840,000 | 793.6% | 0.2% |
| LENDINGHOME FUNDING CORPORATION | $10,540,000 | $11,785,000 | 11.8% | 0.2% |
| MICHIGAN MUTUAL, INC. | $16,330,000 | $11,755,000 | -28.0% | 0.2% |
| DFCU FINANCIAL | $9,015,000 | $11,635,000 | 29.1% | 0.2% |
| First Merchants Bank | $12,555,000 | $10,845,000 | -13.6% | 0.2% |
| Isabella Bank | $13,700,000 | $10,655,000 | -22.2% | 0.2% |
| FREEDOM MORTGAGE CORPORATION | $24,510,000 | $10,580,000 | -56.8% | 0.2% |
| PENNYMAC LOAN SERVICES, LLC | $18,060,000 | $10,545,000 | -41.6% | 0.2% |
| Carrington Mortgage Services, LLC | $11,445,000 | $10,240,000 | -10.5% | 0.2% |
| 1st Source Bank | $1,005,000 | $10,220,000 | 916.9% | 0.2% |
| RUOFF MORTGAGE COMPANY, INC. | $24,310,000 | $10,030,000 | -58.7% | 0.2% |
| AAC Credit Union | $13,910,000 | $9,730,000 | -30.1% | 0.2% |
| MORTGAGE CENTER L.C | $16,515,000 | $9,555,000 | -42.1% | 0.2% |
| PFCU | $14,065,000 | $9,475,000 | -32.6% | 0.2% |
| PLANET HOME LENDING, LLC | $2,535,000 | $9,395,000 | 270.6% | 0.2% |
| HOMESTAR FINANCIAL CORPORATION | $680,000 | $9,240,000 | 1,258.8% | 0.2% |
| TOP FLITE FINANCIAL, INC. | $12,925,000 | $9,200,000 | -28.8% | 0.2% |
| MUTUAL OF OMAHA MORTGAGE, INC. | $14,180,000 | $9,105,000 | -35.8% | 0.2% |
| Community West Credit Union | $14,655,000 | $9,035,000 | -38.3% | 0.2% |
| Citizens Bank | $15,030,000 | $8,815,000 | -41.4% | 0.2% |
| BM Real Estate Services, Inc. | $5,690,000 | $8,740,000 | 53.6% | 0.2% |
| MICHIGAN ONE COMMUNITY Credit Union | $13,825,000 | $8,545,000 | -38.2% | 0.2% |
| BERKELEY POINT CAPITAL LLC | $8,295,000 | n/a | 0.2% | |
| Honor Credit Union | $4,805,000 | $7,945,000 | 65.3% | 0.2% |
| FAIRWAY INDEPENDENT MORTGAGE CORPORATION | $8,780,000 | $7,820,000 | -10.9% | 0.2% |
| U.S. Bank | $13,745,000 | $7,640,000 | -44.4% | 0.1% |
| Merchants Capital Corp. | $7,620,000 | n/a | 0.1% | |
| Discover Bank | $4,290,000 | $7,340,000 | 71.1% | 0.1% |
| Meijer Credit Union | $6,485,000 | $7,200,000 | 11.0% | 0.1% |
| Sidney State Bank | $14,510,000 | $7,050,000 | -51.4% | 0.1% |
| T2 FINANCIAL LLC | $11,240,000 | $7,005,000 | -37.7% | 0.1% |
| Morgan Stanley Private Bank | $13,495,000 | $6,885,000 | -49.0% | 0.1% |
| J. VIRGIL, INC. | $11,235,000 | $6,700,000 | -40.4% | 0.1% |
| CARDINAL FINANCIAL | $9,795,000 | $6,325,000 | -35.4% | 0.1% |
| PROVIDENT FUNDING ASSOCIATES, L.P. | $2,925,000 | $6,280,000 | 114.7% | 0.1% |
| BROKER SOLUTIONS, INC. | $13,370,000 | $6,075,000 | -54.6% | 0.1% |
| Figure Lending LLC | $4,505,000 | $6,005,000 | 33.3% | 0.1% |
| ORIX REAL ESTATE CAPITAL, LLC | $3,995,000 | $6,005,000 | 50.3% | 0.1% |
| USAA Federal Savings Bank | $7,910,000 | $5,890,000 | -25.5% | 0.1% |
| Union Bank | $13,765,000 | $5,775,000 | -58.0% | 0.1% |
| AMERISAVE MORTGAGE CORPORATION | $20,915,000 | $5,595,000 | -73.2% | 0.1% |
| The Loan Store, Inc. | $710,000 | $5,570,000 | 684.5% | 0.1% |
| PHH Mortgage Corporation | $2,055,000 | $5,255,000 | 155.7% | 0.1% |
| Prudential Huntoon Paige Associates, LLC | $5,215,000 | n/a | 0.1% | |
| RIVER VALLEY CREDIT UNION | $5,880,000 | $5,010,000 | -14.8% | 0.1% |
| BETTER MORTGAGE CORPORATION | $13,405,000 | $4,980,000 | -62.8% | 0.1% |
| Highpoint Community Bank | $3,290,000 | $4,475,000 | 36.0% | 0.1% |
| Citibank | $4,140,000 | $4,450,000 | 7.5% | 0.1% |
| Goldman Sachs Bank USA | $3,690,000 | $4,420,000 | 19.8% | 0.1% |
| PREFERRED CREDIT UNION | $8,575,000 | $4,405,000 | -48.6% | 0.1% |
| DEEPHAVEN MORTGAGE LLC | $335,000 | $4,365,000 | 1,203.0% | 0.1% |
| MICHIGAN SCHOOLS AND GOVERNMENT | $2,770,000 | $4,290,000 | 54.9% | 0.1% |
| ACADEMY MORTGAGE CORPORATION | $2,225,000 | $4,240,000 | 90.6% | 0.1% |
| LAKEVIEW LOAN SERVICING, LLC | $10,380,000 | $4,190,000 | -59.6% | 0.1% |
| STOCKTON MORTGAGE CORPORATION | $12,405,000 | $4,180,000 | -66.3% | 0.1% |
| Paramount Residential Mortgage Group, Inc. | $1,420,000 | $3,940,000 | 177.5% | 0.1% |
| AmeriHome Mortgage Company, LLC | $3,560,000 | $3,880,000 | 9.0% | 0.1% |
| GREENSTATE CREDIT UNION | $2,015,000 | $3,825,000 | 89.8% | 0.1% |
| Preston Home Loans Inc | $1,775,000 | $3,790,000 | 113.5% | 0.1% |
| First National Bank of America | $2,345,000 | $3,775,000 | 61.0% | 0.1% |
| CONTOUR MORTGAGE CORPORATION | $3,670,000 | $3,760,000 | 2.5% | 0.1% |
| The Federal Savings Bank | $5,790,000 | $3,705,000 | -36.0% | 0.1% |
| NEW DAY FINANCIAL, LLC | $5,975,000 | $3,540,000 | -40.8% | 0.1% |
| GVC MORTGAGE, INC. | $4,670,000 | $3,440,000 | -26.3% | 0.1% |
| GOLD STAR MORTGAGE FINANCIAL GROUP, CORPORATION | $11,395,000 | $3,415,000 | -70.0% | 0.1% |
| TOWNE MORTGAGE COMPANY | $6,505,000 | $3,275,000 | -49.7% | 0.1% |
| KENT COUNTY CREDIT UNION | $4,520,000 | $3,265,000 | -27.8% | 0.1% |
| ROSS MORTGAGE CORPORATION | $3,115,000 | n/a | 0.1% | |
| Stifel Bank and Trust | $5,550,000 | $3,115,000 | -43.9% | 0.1% |
| DRAPER AND KRAMER MORTGAGE CORP. | $3,520,000 | $3,110,000 | -11.6% | 0.1% |
| ENVOY MORTGAGE, LTD | $7,600,000 | $2,950,000 | -61.2% | 0.1% |
| BMO Harris Bank | $1,850,000 | $2,910,000 | 57.3% | 0.1% |
| Ally Bank | $4,135,000 | $2,890,000 | -30.1% | 0.1% |
| PLUS RELOCATION MORTGAGE, LLC | $1,125,000 | $2,845,000 | 152.9% | 0.1% |
| Centier Bank | $1,865,000 | $2,810,000 | 50.7% | 0.1% |
| DOW CHEMICAL EMPLOYEES' | $2,550,000 | $2,810,000 | 10.2% | 0.1% |
| Coastal Community Bank | $2,805,000 | n/a | 0.1% | |
| SUMMIT FUNDING, INC. | $155,000 | $2,725,000 | 1,658.1% | 0.1% |
| MID AMERICA MORTGAGE, INC. | $3,120,000 | $2,670,000 | -14.4% | 0.1% |
| COMMUNITY FIRST | $12,235,000 | $2,665,000 | -78.2% | 0.1% |
| ZILLOW HOME LOANS, LLC | $2,360,000 | $2,540,000 | 7.6% | 0.0% |
| HOMEBRIDGE FINANCIAL SERVICES, INC. | $2,795,000 | $2,530,000 | -9.5% | 0.0% |
| Kellogg Community Credit Union | $3,830,000 | $2,485,000 | -35.1% | 0.0% |
| PENTAGON FEDERAL CREDIT UNION | $2,700,000 | $2,475,000 | -8.3% | 0.0% |
| POLARIS HOME FUNDING CORP. | $9,900,000 | $2,450,000 | -75.3% | 0.0% |
| STAUNTON FINANCIAL, INC. | $2,395,000 | $2,430,000 | 1.5% | 0.0% |
| Frankenmuth Credit Union | $470,000 | $2,330,000 | 395.7% | 0.0% |
| First Community Bank | $2,285,000 | n/a | 0.0% | |
| Platinum Home Mortgage Corporation | $1,650,000 | $2,230,000 | 35.2% | 0.0% |
| MEMBERS FIRST Credit Union | $6,655,000 | $2,225,000 | -66.6% | 0.0% |
| CALIBER HOME LOANS, INC. | $40,195,000 | $2,180,000 | -94.6% | 0.0% |
| PLAZA HOME MORTGAGE, INC. | $9,170,000 | $2,130,000 | -76.8% | 0.0% |
| Plains Commerce Bank | $830,000 | $2,120,000 | 155.4% | 0.0% |
| MOVEMENT MORTGAGE, LLC | $1,760,000 | $2,105,000 | 19.6% | 0.0% |
| BAY EQUITY LLC | $145,000 | $2,020,000 | 1,293.1% | 0.0% |
| Barrington Bank & Trust Company, N.A. | $2,055,000 | $2,015,000 | -1.9% | 0.0% |
| Prosperity Home Mortgage, LLC | $820,000 | $1,975,000 | 140.9% | 0.0% |
| Broadway National Bank | $1,965,000 | n/a | 0.0% | |
| Lake Trust Credit Union | $1,850,000 | $1,925,000 | 4.1% | 0.0% |
| UBS Bank USA | $2,280,000 | $1,915,000 | -16.0% | 0.0% |
| Baxter Credit Union | $200,000 | $1,865,000 | 832.5% | 0.0% |
| RELIANCE FIRST CAPITAL, LLC | $2,340,000 | $1,855,000 | -20.7% | 0.0% |
| COMMUNITY FINANCIAL CREDIT UNION | $1,815,000 | $1,820,000 | 0.3% | 0.0% |
| West Michigan Credit Union | $3,535,000 | $1,785,000 | -49.5% | 0.0% |
| COMMUNITY CHOICE CREDIT UNION | $2,125,000 | $1,760,000 | -17.2% | 0.0% |
| COMPASS MORTGAGE, INC. | $2,505,000 | $1,725,000 | -31.1% | 0.0% |
| FINANCE OF AMERICA REVERSE LLC | $730,000 | $1,710,000 | 134.2% | 0.0% |
| GENISYS | $1,475,000 | $1,625,000 | 10.2% | 0.0% |
| SUMMIT HOME MORTGAGE, LLC | $1,620,000 | n/a | 0.0% | |
| WINGS FINANCIAL | $480,000 | $1,620,000 | 237.5% | 0.0% |
| NBKC BANK | $4,480,000 | $1,600,000 | -64.3% | 0.0% |
| PRIMELENDING, A PLAINSCAPITAL COMPANY | $45,955,000 | $1,575,000 | -96.6% | 0.0% |
| My Personal Credit Union | $1,880,000 | $1,560,000 | -17.0% | 0.0% |
| LAFCU | $805,000 | $1,530,000 | 90.1% | 0.0% |
| NexBank | $1,485,000 | n/a | 0.0% | |
| Best Financial Credit Union | $1,200,000 | $1,475,000 | 22.9% | 0.0% |
| ADVIA | $5,400,000 | $1,450,000 | -73.1% | 0.0% |
| SPRING EQ, LLC | $3,720,000 | $1,450,000 | -61.0% | 0.0% |
| VILLAGE CAPITAL MORTGAGE | $1,430,000 | $1,435,000 | 0.3% | 0.0% |
| LEADERONE FINANCIAL CORPORATION | $395,000 | $1,415,000 | 258.2% | 0.0% |
| LIMA ONE CAPITAL, LLC | $9,010,000 | $1,410,000 | -84.4% | 0.0% |
| The First National Bank of Ottawa | $1,395,000 | n/a | 0.0% | |
| First Savings Bank | $3,680,000 | $1,330,000 | -63.9% | 0.0% |
| Third Federal Savings and Loan Association of Cleveland | $620,000 | $1,310,000 | 111.3% | 0.0% |
| ALLIANT CREDIT UNION | $895,000 | $1,300,000 | 45.3% | 0.0% |
| FARMERS INSURANCE GROUP FEDERAL CREDIT UNION | $1,605,000 | $1,290,000 | -19.6% | 0.0% |
| MEMBERS 1ST FEDERAL CREDIT UNION | $245,000 | $1,290,000 | 426.5% | 0.0% |
| GOLD Credit Union | $1,285,000 | n/a | 0.0% | |
| KeyBank | $3,070,000 | $1,260,000 | -59.0% | 0.0% |
| NATIONS DIRECT MORTGAGE, LLC | $1,125,000 | $1,230,000 | 9.3% | 0.0% |
| HOMESTEAD FUNDING CORP. | $1,905,000 | $1,220,000 | -36.0% | 0.0% |
| NEXERA HOLDING LLC | $290,000 | $1,215,000 | 319.0% | 0.0% |
| Charles Schwab Bank, SSB | $3,170,000 | $1,210,000 | -61.8% | 0.0% |
| American Mortgage & Equity Consultants, Inc. | $620,000 | $1,195,000 | 92.7% | 0.0% |
| LENDINGONE, LLC | $1,210,000 | $1,195,000 | -1.2% | 0.0% |
| Raymond James Bank | $2,620,000 | $1,180,000 | -55.0% | 0.0% |
| MEMBER FIRST MORTGAGE, LLC | $3,360,000 | $1,175,000 | -65.0% | 0.0% |
| MARSHALL COMMUNITY CREDIT UNION | $345,000 | $1,170,000 | 239.1% | 0.0% |
| AMERICAN FINANCIAL RESOURCES, INC. | $1,165,000 | $1,140,000 | -2.1% | 0.0% |
| AMERICAN FINANCING CORPORATION | $5,675,000 | $1,115,000 | -80.4% | 0.0% |
| PROPER RATE, LLC | $990,000 | $1,115,000 | 12.6% | 0.0% |
| Capitol Federal Savings Bank | $2,860,000 | $1,110,000 | -61.2% | 0.0% |
| RF Renovo Management Company, LLC | $1,155,000 | $1,095,000 | -5.2% | 0.0% |
| Notre Dame Federal Credit Union Corporation | $705,000 | $1,075,000 | 52.5% | 0.0% |
| LEGEND LENDING CORPORATION | $575,000 | $1,000,000 | 73.9% | 0.0% |
| Commercial Bank | $3,925,000 | $980,000 | -75.0% | 0.0% |
| EVERETT FINANCIAL, INC. | $7,035,000 | $980,000 | -86.1% | 0.0% |
| ROYAL UNITED MORTGAGE LLC | $1,915,000 | $965,000 | -49.6% | 0.0% |
| LONGBRIDGE FINANCIAL, LLC | $730,000 | $960,000 | 31.5% | 0.0% |
| OCMBC, INC. | $940,000 | n/a | 0.0% | |
| GUARANTEED RATE AFFINITY, LLC | $480,000 | $905,000 | 88.5% | 0.0% |
| Parda Federal Credit Union | $900,000 | n/a | 0.0% | |
| FIRST COLONY MORTGAGE CORPORATION | $865,000 | n/a | 0.0% | |
| Southern Michigan Bank & Trust | $820,000 | n/a | 0.0% | |
| EMM LOANS LLC | $360,000 | $810,000 | 125.0% | 0.0% |
| Equity Prime Mortgage LLC | $970,000 | $805,000 | -17.0% | 0.0% |
| ANGEL OAK MORTGAGE SOLUTIONS LLC | $1,530,000 | $795,000 | -48.0% | 0.0% |
| SUN WEST MORTGAGE COMPANY, INC. | $880,000 | $795,000 | -9.7% | 0.0% |
| DAS Acquisition Company, LLC | $460,000 | $790,000 | 71.7% | 0.0% |
| Three Rivers Federal Credit Union | $2,810,000 | $780,000 | -72.2% | 0.0% |
| CIVIC FINANCIAL SERVICES, LLC | $2,830,000 | $765,000 | -73.0% | 0.0% |
| Providence Bank & Trust | $765,000 | n/a | 0.0% | |
| TEAM ONE CREDIT UNION | $2,190,000 | $755,000 | -65.5% | 0.0% |
| The State Bank | $1,485,000 | $755,000 | -49.2% | 0.0% |
| OAK MORTGAGE, LLC | $2,565,000 | $740,000 | -71.2% | 0.0% |
| RBC Bank, (Georgia) | $305,000 | $740,000 | 142.6% | 0.0% |
| Bell Bank | $75,000 | $725,000 | 866.7% | 0.0% |
| OMNI Community Credit Union | $35,000 | $725,000 | 1,971.4% | 0.0% |
| GREENWOOD | $440,000 | $715,000 | 62.5% | 0.0% |
| DIAMOND RESIDENTIAL MORTGAGE CORPORATION | $165,000 | $700,000 | 324.2% | 0.0% |
| Union Savings Bank | $700,000 | n/a | 0.0% | |
| UNIVERSITY OF MICHIGAN CREDIT UNION | $1,120,000 | $695,000 | -37.9% | 0.0% |
| FIRST STATE MORTGAGE SERVICES, LLC | $680,000 | n/a | 0.0% | |
| M&T Bank | $2,115,000 | $680,000 | -67.8% | 0.0% |
| NFM, INC. | $530,000 | $670,000 | 26.4% | 0.0% |
| UIF CORPORATION | $245,000 | $670,000 | 173.5% | 0.0% |
| Waterstone Mortgage Corporation | $490,000 | $665,000 | 35.7% | 0.0% |
| Century Mortgage Company DBA Century Lending Company | $185,000 | $660,000 | 256.8% | 0.0% |
| MORTGAGE ACCESS CORP. | $825,000 | $660,000 | -20.0% | 0.0% |
| NATIONAL COOPERATIVE BANK, N.A. | $655,000 | n/a | 0.0% | |
| BLG HOLDINGS, INC. | $3,535,000 | $650,000 | -81.6% | 0.0% |
| THE MORTGAGE LINK, INC. | $650,000 | n/a | 0.0% | |
| Commerce Home Mortgage, Inc. | $2,210,000 | $640,000 | -71.0% | 0.0% |
| GERBER FEDERAL CREDIT UNION | $1,135,000 | $640,000 | -43.6% | 0.0% |
| HOWARD HANNA FINANCIAL SERVICES, INC. | $805,000 | $640,000 | -20.5% | 0.0% |
| State Department Federal Credit Union | $635,000 | n/a | 0.0% | |
| THE ANDERSON FINANCIAL GROUP, INC. | $3,570,000 | $630,000 | -82.4% | 0.0% |
| CIBC Bank USA | $1,210,000 | $625,000 | -48.3% | 0.0% |
| NATIONWIDE MORTGAGE BANKERS, INC. | $470,000 | $620,000 | 31.9% | 0.0% |
| University Bank | $465,000 | $610,000 | 31.2% | 0.0% |
| GENEVA FINANCIAL, LLC | $450,000 | $600,000 | 33.3% | 0.0% |
| Quontic Bank | $955,000 | $600,000 | -37.2% | 0.0% |
| Signature Bank, N.A. | $585,000 | n/a | 0.0% | |
| The Central Trust Bank | $585,000 | n/a | 0.0% | |
| AMERICAN FINANCIAL NETWORK, INC. | $565,000 | n/a | 0.0% | |
| AMWEST FUNDING CORP. | $580,000 | $560,000 | -3.4% | 0.0% |
| First State Bank | $975,000 | $560,000 | -42.6% | 0.0% |
| Truist | $2,795,000 | $560,000 | -80.0% | 0.0% |
| Dort Financial Credit Union | $695,000 | $545,000 | -21.6% | 0.0% |
| First Federal Bank | $545,000 | n/a | 0.0% | |
| HOMESIDE FINANCIAL, LLC | $5,505,000 | $535,000 | -90.3% | 0.0% |
| TEACHERS CREDIT UNION | $225,000 | $535,000 | 137.8% | 0.0% |
| Lake City Bank | $255,000 | $525,000 | 105.9% | 0.0% |
| Bethpage Federal Credit Union | $75,000 | $520,000 | 593.3% | 0.0% |
| MORTGAGEONE, INC. | $510,000 | n/a | 0.0% | |
| Ixonia Bank | $9,115,000 | $505,000 | -94.5% | 0.0% |
| Thumb Bank and Trust | $195,000 | $495,000 | 153.8% | 0.0% |
| Polish-American Federal Credit Union | $490,000 | n/a | 0.0% | |
| DELMAR FINANCIAL COMPANY | $485,000 | n/a | 0.0% | |
| OAKTREE FUNDING CORP. | $315,000 | $485,000 | 54.0% | 0.0% |
| OceanFirst Bank | $485,000 | n/a | 0.0% | |
| Strong Home Mortgage, LLC | $205,000 | $485,000 | 136.6% | 0.0% |
| Peoples Bank | $570,000 | $465,000 | -18.4% | 0.0% |
| American State Bank | $460,000 | n/a | 0.0% | |
| First National Bank of Michigan | $460,000 | n/a | 0.0% | |
| Directions Credit Union, Inc. | $455,000 | n/a | 0.0% | |
| North American Savings Bank, F.S.B. | $3,165,000 | $455,000 | -85.6% | 0.0% |
| HOMEOWNERS FINANCIAL GROUP USA, LLC | $445,000 | n/a | 0.0% | |
| LIBERTY HOME MORTGAGE CORPORATION | $555,000 | $435,000 | -21.6% | 0.0% |
| Mid-Continent Funding, Inc. | $315,000 | $435,000 | 38.1% | 0.0% |
| TEMPLE VIEW CAPITAL FUNDING, LP | $435,000 | n/a | 0.0% | |
| KELLER MORTGAGE, LLC | $3,315,000 | $430,000 | -87.0% | 0.0% |
| Dearborn Federal Savings Bank | $415,000 | n/a | 0.0% | |
| 1st State Financial, Ltd. | $1,135,000 | $405,000 | -64.3% | 0.0% |
| Nations Lending Corporation | $2,295,000 | $405,000 | -82.4% | 0.0% |
| PREMIA MORTGAGE, LLC | $2,100,000 | $405,000 | -80.7% | 0.0% |
| Sturgis Bank & Trust Company | $290,000 | $405,000 | 39.7% | 0.0% |
| DOMINION FINANCIAL SERVICES, LLC | $755,000 | $400,000 | -47.0% | 0.0% |
| INTERSTATE HOME LOAN CENTER, INC. | $395,000 | n/a | 0.0% | |
| ASTERA | $495,000 | $385,000 | -22.2% | 0.0% |
| Citadel Servicing Corporation | $625,000 | $380,000 | -39.2% | 0.0% |
| JOLT CREDIT UNION | $380,000 | n/a | 0.0% | |
| EUSTIS AND AMERICAN MORTGAGE COMPANY | $375,000 | n/a | 0.0% | |
| Lakeview Community Capital, LLC | $2,285,000 | $375,000 | -83.6% | 0.0% |
| GreenStone Farm Credit Services, ACA | $305,000 | $360,000 | 18.0% | 0.0% |
| Abbott Laboratories Employees Credit Union | $345,000 | n/a | 0.0% | |
| BAY-VALLEY MORTGAGE GROUP | $345,000 | n/a | 0.0% | |
| CREDIT HUMAN FEDERAL CREDIT UNION | $345,000 | n/a | 0.0% | |
| V.I.P. MORTGAGE, INC. | $345,000 | n/a | 0.0% | |
| ON Q FINANCIAL, INC. | $335,000 | n/a | 0.0% | |
| Bank of England | $650,000 | $325,000 | -50.0% | 0.0% |
| Connexus Credit Union | $325,000 | n/a | 0.0% | |
| County National Bank | $325,000 | n/a | 0.0% | |
| ALLIED MORTGAGE GROUP, INC. | $235,000 | $315,000 | 34.0% | 0.0% |
| BNC National Bank | $1,075,000 | $305,000 | -71.6% | 0.0% |
| First IC Corporation | $305,000 | n/a | 0.0% | |
| Magnolia Bank | $265,000 | $305,000 | 15.1% | 0.0% |
| MORIA DEVELOPMENT, INC. | $1,270,000 | $305,000 | -76.0% | 0.0% |
| STAR Financial Bank | $305,000 | n/a | 0.0% | |
| COMMUNITY MORTGAGE FUNDING, LLC | $840,000 | $300,000 | -64.3% | 0.0% |
| VELOCITY COMMERCIAL CAPITAL, LLC | $555,000 | $290,000 | -47.7% | 0.0% |
| FBC MORTGAGE, LLC | $285,000 | n/a | 0.0% | |
| First International Bank & Trust | $285,000 | n/a | 0.0% | |
| SIRVA MORTGAGE, INC. | $720,000 | $285,000 | -60.4% | 0.0% |
| Summit Credit Union | $285,000 | n/a | 0.0% | |
| Wildfire Credit Union | $710,000 | $285,000 | -59.9% | 0.0% |
| LENDSURE MORTGAGE CORP. | $2,175,000 | $275,000 | -87.4% | 0.0% |
| UNITED FINANCIAL Credit Union | $275,000 | n/a | 0.0% | |
| MEMBERFOCUS COMMUNITY | $270,000 | n/a | 0.0% | |
| ALL IN | $445,000 | $265,000 | -40.4% | 0.0% |
| Dakota Community Bank & Trust | $265,000 | n/a | 0.0% | |
| LENOX FINANCIAL MORTGAGE CORPORATION | $265,000 | n/a | 0.0% | |
| Nicolet National Bank | $265,000 | n/a | 0.0% | |
| The Shelby State Bank | $270,000 | $265,000 | -1.9% | 0.0% |
| TOGETHER CREDIT UNION | $265,000 | n/a | 0.0% | |
| BECKAM FUNDING CORP. | $260,000 | n/a | 0.0% | |
| Alaska USA Federal Credit Union | $255,000 | n/a | 0.0% | |
| FIRST CENTENNIAL MORTGAGE CORPORATION | $955,000 | $255,000 | -73.3% | 0.0% |
| IncredibleBank | $255,000 | n/a | 0.0% | |
| Johnson Bank | $225,000 | $255,000 | 13.3% | 0.0% |
| AMERITRUST MORTGAGE CORPORATION | $245,000 | n/a | 0.0% | |
| GEORGIA'S OWN | $240,000 | $245,000 | 2.1% | 0.0% |
| Gold Coast Bank | $245,000 | n/a | 0.0% | |
| Goldwater Bank, N.A. | $245,000 | n/a | 0.0% | |
| TJC Mortgage, Inc. | $245,000 | n/a | 0.0% | |
| First Federal Savings Bank | $115,000 | $235,000 | 104.3% | 0.0% |
| AMCAP MORTGAGE, LTD. | $225,000 | n/a | 0.0% | |
| Bank of Ann Arbor | $440,000 | $225,000 | -48.9% | 0.0% |
| EQUITY RESOURCES, INC. | $475,000 | $225,000 | -52.6% | 0.0% |
| FINANCE OF AMERICA MORTGAGE LLC | $45,940,000 | $225,000 | -99.5% | 0.0% |
| Residential Mortgage Solutions, Inc. | $225,000 | n/a | 0.0% | |
| ADVANTAGE ONE Credit Union | $215,000 | n/a | 0.0% | |
| Sunflower Bank | $1,090,000 | $205,000 | -81.2% | 0.0% |
| ELGA CREDIT UNION | $235,000 | $195,000 | -17.0% | 0.0% |
| Axos Bank | $265,000 | $185,000 | -30.2% | 0.0% |
| Busey Bank | $185,000 | n/a | 0.0% | |
| CITYWIDE HOME LOANS, LLC | $185,000 | n/a | 0.0% | |
| VIBE CREDIT UNION | $960,000 | $185,000 | -80.7% | 0.0% |
| STAR USA FEDERAL CREDIT UNION | $350,000 | $180,000 | -48.6% | 0.0% |
| AMERICAN PORTFOLIO MORTGAGE CORPORATION | $370,000 | $175,000 | -52.7% | 0.0% |
| EVANSVILLE TEACHERS | $35,000 | $175,000 | 400.0% | 0.0% |
| Eaton Community Bank | $3,110,000 | $170,000 | -94.5% | 0.0% |
| Resource Bank, N.A. | $165,000 | n/a | 0.0% | |
| CALCON MUTUAL MORTGAGE LLC | $155,000 | n/a | 0.0% | |
| Signature Federal Credit Union | $155,000 | n/a | 0.0% | |
| American Airlines Federal Credit Union | $25,000 | $145,000 | 480.0% | 0.0% |
| CORNERSTONE HOME LENDING, INC. | $490,000 | $145,000 | -70.4% | 0.0% |
| Zeal Credit Union | $115,000 | $140,000 | 21.7% | 0.0% |
| Auto Club Trust, FSB | $290,000 | $135,000 | -53.4% | 0.0% |
| CLEARPATH LENDING | $955,000 | $135,000 | -85.9% | 0.0% |
| HSBC BANK USA, NATIONAL ASSOCIATION | $135,000 | n/a | 0.0% | |
| BayCoast Bank | $925,000 | $100,000 | -89.2% | 0.0% |
| MidAmerica National Bank | $95,000 | n/a | 0.0% | |
| United Bay Community Credit Union | $95,000 | n/a | 0.0% | |
| Austin Capital Bank SSB | $3,865,000 | $90,000 | -97.7% | 0.0% |
| GFA Federal Credit Union | $300,000 | $85,000 | -71.7% | 0.0% |
| BIRMINGHAM-BLOOMFIELD Credit Union | $55,000 | n/a | 0.0% | |
| Regions Bank | $335,000 | $55,000 | -83.6% | 0.0% |
| Consumers Professional Credit Union | $840,000 | $45,000 | -94.6% | 0.0% |
| CoVantage Credit Union | $45,000 | n/a | 0.0% | |
| WRIGHT PATMAN CONGRESSIONAL FEDERAL CREDIT UNION | $45,000 | n/a | 0.0% | |
| Family Financial Credit Union | $25,000 | n/a | 0.0% | |
| Public Service Credit Union | $25,000 | n/a | 0.0% | |
| Superior Credit Union, Inc. | $505,000 | $25,000 | -95.0% | 0.0% |
| TLC COMMUNITY Credit Union | $165,000 | $25,000 | -84.8% | 0.0% |
GRAND RAPIDS - KENTWOOD's top lender by overall market share is LAKE MICHIGAN CREDIT UNION, with 18.9% market share. In second place, with 5.2%, is The Huntington National Bank, having originated $267,670,000 in loans. In third place, with 5.1%, is Neighborhood Loans, Inc., having originated $266,930,000 in loans. In fourth place, with 5.1%, is UNITED WHOLESALE MORTGAGE, LLC, having originated $265,580,000 in loans. In fifth place, with 4.5%, is Mercantile Bank of Michigan, having originated $234,650,000 in loans.
GRAND RAPIDS - KENTWOOD Housing Market Trends (Median, Average Prices & Listing Count)
Realtor.com - GRAND RAPIDS - KENTWOOD (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Price (YoY Change) | Average Listing Price (YoY) | MSA/US Median Price Ratio | Active Listings |
|---|---|---|---|---|
| 2018-01-01 | $252,400 (-1.5%) | $313,883 (-15.0%) | 0.94 | 1,851 |
| 2018-02-01 | $261,150 (-3.8%) | $327,854 (-13.2%) | 0.95 | 1,689 |
| 2018-03-01 | $269,900 (-4.5%) | $339,467 (-13.0%) | 0.95 | 1,674 |
| 2018-04-01 | $279,125 (-0.3%) | $352,556 (-4.6%) | 0.95 | 1,730 |
| 2018-05-01 | $279,900 (5.8%) | $353,645 (4.2%) | 0.93 | 1,911 |
| 2018-06-01 | $279,900 (10.9%) | $352,457 (8.6%) | 0.93 | 2,226 |
| 2018-07-01 | $277,225 (11.4%) | $346,003 (9.3%) | 0.93 | 2,388 |
| 2018-08-01 | $269,900 (11.3%) | $340,488 (10.3%) | 0.90 | 2,709 |
| 2018-09-01 | $269,900 (12.5%) | $336,615 (9.6%) | 0.91 | 2,771 |
| 2018-10-01 | $272,400 (11.2%) | $340,327 (10.2%) | 0.92 | 2,747 |
| 2018-11-01 | $269,900 (12.5%) | $335,381 (9.3%) | 0.91 | 2,658 |
| 2018-12-01 | $274,900 (14.5%) | $332,657 (8.8%) | 0.95 | 2,406 |
| 2019-01-01 | $274,950 (8.9%) | $330,189 (5.2%) | 0.95 | 2,137 |
| 2019-02-01 | $279,950 (7.2%) | $337,216 (2.9%) | 0.95 | 1,962 |
| 2019-03-01 | $286,429 (6.1%) | $351,273 (3.5%) | 0.94 | 1,956 |
| 2019-04-01 | $296,538 (6.2%) | $369,896 (4.9%) | 0.94 | 2,031 |
| 2019-05-01 | $294,850 (5.3%) | $371,465 (5.0%) | 0.92 | 2,154 |
| 2019-06-01 | $291,900 (4.3%) | $369,610 (4.9%) | 0.91 | 2,377 |
| 2019-07-01 | $291,325 (5.1%) | $365,757 (5.7%) | 0.91 | 2,588 |
| 2019-08-01 | $284,459 (5.4%) | $358,828 (5.4%) | 0.90 | 2,678 |
| 2019-09-01 | $276,298 (2.4%) | $350,040 (4.0%) | 0.88 | 2,790 |
| 2019-10-01 | $269,925 (-0.9%) | $343,915 (1.1%) | 0.87 | 2,846 |
| 2019-11-01 | $274,000 (1.5%) | $345,181 (2.9%) | 0.90 | 2,598 |
| 2019-12-01 | $274,900 (0.0%) | $343,858 (3.4%) | 0.92 | 2,268 |
| 2020-01-01 | $282,400 (2.7%) | $346,209 (4.9%) | 0.94 | 1,953 |
| 2020-02-01 | $299,900 (7.1%) | $371,266 (10.1%) | 0.98 | 1,802 |
| 2020-03-01 | $299,900 (4.7%) | $374,572 (6.6%) | 0.94 | 1,744 |
| 2020-04-01 | $309,000 (4.2%) | $381,101 (3.0%) | 0.97 | 1,750 |
| 2020-05-01 | $315,000 (6.8%) | $396,837 (6.8%) | 0.96 | 1,943 |
| 2020-06-01 | $314,900 (7.9%) | $408,646 (10.6%) | 0.93 | 1,786 |
| 2020-07-01 | $310,100 (6.4%) | $405,192 (10.8%) | 0.90 | 1,677 |
| 2020-08-01 | $309,000 (8.6%) | $398,176 (11.0%) | 0.89 | 1,604 |
| 2020-09-01 | $304,450 (10.2%) | $400,458 (14.4%) | 0.87 | 1,461 |
| 2020-10-01 | $292,068 (8.2%) | $386,971 (12.5%) | 0.84 | 1,457 |
| 2020-11-01 | $299,400 (9.3%) | $393,605 (14.0%) | 0.88 | 1,320 |
| 2020-12-01 | $299,950 (9.1%) | $395,258 (15.0%) | 0.89 | 1,100 |
| 2021-01-01 | $306,500 (8.5%) | $395,560 (14.3%) | 0.91 | 904 |
| 2021-02-01 | $314,950 (5.0%) | $415,283 (11.9%) | 0.92 | 769 |
| 2021-03-01 | $315,425 (5.2%) | $414,350 (10.6%) | 0.89 | 762 |
| 2021-04-01 | $309,950 (0.3%) | $424,437 (11.4%) | 0.84 | 708 |
| 2021-05-01 | $310,000 (-1.6%) | $435,413 (9.7%) | 0.82 | 742 |
| 2021-06-01 | $317,225 (0.7%) | $435,628 (6.6%) | 0.84 | 901 |
| 2021-07-01 | $307,500 (-0.8%) | $438,244 (8.2%) | 0.81 | 1,034 |
| 2021-08-01 | $307,400 (-0.5%) | $436,790 (9.7%) | 0.82 | 1,110 |
| 2021-09-01 | $307,975 (1.2%) | $424,954 (6.1%) | 0.82 | 1,140 |
| 2021-10-01 | $309,900 (6.1%) | $416,010 (7.5%) | 0.83 | 1,117 |
| 2021-11-01 | $315,000 (5.2%) | $425,675 (8.2%) | 0.84 | 978 |
| 2021-12-01 | $310,850 (3.6%) | $424,196 (7.3%) | 0.84 | 781 |
| 2022-01-01 | $332,000 (8.3%) | $449,643 (13.7%) | 0.90 | 608 |
| 2022-02-01 | $347,175 (10.2%) | $452,737 (9.0%) | 0.90 | 540 |
| 2022-03-01 | $342,450 (8.6%) | $450,795 (8.8%) | 0.86 | 597 |
| 2022-04-01 | $350,000 (12.9%) | $451,517 (6.4%) | 0.83 | 653 |
| 2022-05-01 | $362,450 (16.9%) | $462,923 (6.3%) | 0.83 | 899 |
| 2022-06-01 | $375,000 (18.2%) | $463,534 (6.4%) | 0.84 | 1,168 |
| 2022-07-01 | $375,000 (22.0%) | $463,277 (5.7%) | 0.84 | 1,396 |
| 2022-08-01 | $377,450 (22.8%) | $465,647 (6.6%) | 0.87 | 1,435 |
| 2022-09-01 | $364,900 (18.5%) | $453,735 (6.8%) | 0.85 | 1,429 |
| 2022-10-01 | $355,000 (14.6%) | $446,272 (7.3%) | 0.84 | 1,435 |
| 2022-11-01 | $359,900 (14.3%) | $438,737 (3.1%) | 0.87 | 1,404 |
| 2022-12-01 | $364,400 (17.2%) | $435,654 (2.7%) | 0.90 | 1,168 |
| 2023-01-01 | $373,600 (12.5%) | $454,880 (1.2%) | 0.93 | 1,000 |
| 2023-02-01 | $399,175 (15.0%) | $485,024 (7.1%) | 0.96 | 868 |
| 2023-03-01 | $399,875 (16.8%) | $503,127 (11.6%) | 0.94 | 825 |
| 2023-04-01 | $410,320 (17.2%) | $516,568 (14.4%) | 0.95 | 857 |
| 2023-05-01 | $412,400 (13.8%) | $521,916 (12.7%) | 0.94 | 915 |
| 2023-06-01 | $419,900 (12.0%) | $533,855 (15.2%) | 0.94 | 993 |
| 2023-07-01 | $414,088 (10.4%) | $535,608 (15.6%) | 0.94 | 1,066 |
| 2023-08-01 | $399,900 (6.0%) | $522,685 (12.3%) | 0.92 | 1,212 |
| 2023-09-01 | $399,000 (9.4%) | $506,038 (11.5%) | 0.93 | 1,298 |
| 2023-10-01 | $389,975 (9.9%) | $506,991 (13.6%) | 0.92 | 1,405 |
| 2023-11-01 | $389,950 (8.4%) | $506,427 (15.4%) | 0.93 | 1,269 |
| 2023-12-01 | $394,950 (8.4%) | $509,980 (17.1%) | 0.96 | 1,077 |
| 2024-01-01 | $403,500 (8.0%) | $531,715 (16.9%) | 0.99 | 924 |
| 2024-02-01 | $415,000 (4.0%) | $546,920 (12.8%) | 1.00 | 855 |
| 2024-03-01 | $419,880 (5.0%) | $549,484 (9.2%) | 0.99 | 878 |
GRAND RAPIDS - KENTWOOD's median listing price for 2024-03-01 was $419,880, a difference of
$20,005
(5.0%) versus the prior year and
$4,880 versus the prior month.
GRAND RAPIDS - KENTWOOD's median listing price comes in at 99% of the national average.
GRAND RAPIDS - KENTWOOD's average listing price for 2024-03-01 was $549,484, a difference of $46,357 (9.2%) versus the prior year and $2,564 versus the prior month.
For the 2024-03-01 period, GRAND RAPIDS - KENTWOOD had 878 MLS listings, a difference of 23 listings (3%) versus the prior month and 53 listings (6%) versus the prior year.
GRAND RAPIDS - KENTWOOD's median listing price comes in at 99% of the national average.
GRAND RAPIDS - KENTWOOD's average listing price for 2024-03-01 was $549,484, a difference of $46,357 (9.2%) versus the prior year and $2,564 versus the prior month.
For the 2024-03-01 period, GRAND RAPIDS - KENTWOOD had 878 MLS listings, a difference of 23 listings (3%) versus the prior month and 53 listings (6%) versus the prior year.
Median Listing Time on Market & Square Footage
Realtor.com - GRAND RAPIDS - KENTWOOD (CBSA) retrieved from FRED, Federal Reserve Bank of St. Louis| Date | Median Listing Time on Market | Median Square Footage |
|---|---|---|
| 2018-01-01 | 72 days | 2,036 sqft |
| 2018-02-01 | 59 days | 2,040 sqft |
| 2018-03-01 | 37 days | 2,061 sqft |
| 2018-04-01 | 33 days | 2,085 sqft |
| 2018-05-01 | 26 days | 2,114 sqft |
| 2018-06-01 | 29 days | 2,106 sqft |
| 2018-07-01 | 33 days | 2,131 sqft |
| 2018-08-01 | 33 days | 2,079 sqft |
| 2018-09-01 | 40 days | 2,050 sqft |
| 2018-10-01 | 45 days | 2,053 sqft |
| 2018-11-01 | 51 days | 2,040 sqft |
| 2018-12-01 | 64 days | 2,025 sqft |
| 2019-01-01 | 72 days | 1,992 sqft |
| 2019-02-01 | 70 days | 2,015 sqft |
| 2019-03-01 | 49 days | 2,036 sqft |
| 2019-04-01 | 36 days | 2,068 sqft |
| 2019-05-01 | 29 days | 2,083 sqft |
| 2019-06-01 | 31 days | 2,104 sqft |
| 2019-07-01 | 35 days | 2,114 sqft |
| 2019-08-01 | 38 days | 2,092 sqft |
| 2019-09-01 | 38 days | 2,056 sqft |
| 2019-10-01 | 41 days | 2,031 sqft |
| 2019-11-01 | 51 days | 2,005 sqft |
| 2019-12-01 | 64 days | 1,961 sqft |
| 2020-01-01 | 70 days | 1,951 sqft |
| 2020-02-01 | 62 days | 2,008 sqft |
| 2020-03-01 | 44 days | 2,027 sqft |
| 2020-04-01 | 52 days | 2,048 sqft |
| 2020-05-01 | 57 days | 2,073 sqft |
| 2020-06-01 | 39 days | 2,065 sqft |
| 2020-07-01 | 44 days | 2,059 sqft |
| 2020-08-01 | 42 days | 2,058 sqft |
| 2020-09-01 | 41 days | 2,036 sqft |
| 2020-10-01 | 40 days | 1,957 sqft |
| 2020-11-01 | 43 days | 1,919 sqft |
| 2020-12-01 | 54 days | 1,889 sqft |
| 2021-01-01 | 58 days | 1,870 sqft |
| 2021-02-01 | 38 days | 1,899 sqft |
| 2021-03-01 | 35 days | 1,914 sqft |
| 2021-04-01 | 32 days | 1,936 sqft |
| 2021-05-01 | 31 days | 1,944 sqft |
| 2021-06-01 | 27 days | 1,967 sqft |
| 2021-07-01 | 32 days | 1,966 sqft |
| 2021-08-01 | 31 days | 1,942 sqft |
| 2021-09-01 | 35 days | 1,923 sqft |
| 2021-10-01 | 36 days | 1,871 sqft |
| 2021-11-01 | 39 days | 1,874 sqft |
| 2021-12-01 | 46 days | 1,846 sqft |
| 2022-01-01 | 52 days | 1,874 sqft |
| 2022-02-01 | 35 days | 1,881 sqft |
| 2022-03-01 | 30 days | 1,874 sqft |
| 2022-04-01 | 25 days | 1,948 sqft |
| 2022-05-01 | 20 days | 1,998 sqft |
| 2022-06-01 | 23 days | 2,028 sqft |
| 2022-07-01 | 30 days | 2,060 sqft |
| 2022-08-01 | 34 days | 2,058 sqft |
| 2022-09-01 | 38 days | 2,012 sqft |
| 2022-10-01 | 38 days | 2,007 sqft |
| 2022-11-01 | 42 days | 1,974 sqft |
| 2022-12-01 | 57 days | 1,961 sqft |
| 2023-01-01 | 63 days | 1,974 sqft |
| 2023-02-01 | 50 days | 2,014 sqft |
| 2023-03-01 | 43 days | 2,032 sqft |
| 2023-04-01 | 38 days | 2,092 sqft |
| 2023-05-01 | 33 days | 2,080 sqft |
| 2023-06-01 | 32 days | 2,105 sqft |
| 2023-07-01 | 33 days | 2,092 sqft |
| 2023-08-01 | 34 days | 2,053 sqft |
| 2023-09-01 | 37 days | 2,028 sqft |
| 2023-10-01 | 40 days | 1,978 sqft |
| 2023-11-01 | 44 days | 1,966 sqft |
| 2023-12-01 | 53 days | 1,984 sqft |
| 2024-01-01 | 60 days | 2,000 sqft |
| 2024-02-01 | 51 days | 1,974 sqft |
| 2024-03-01 | 36 days | 2,011 sqft |
GRAND RAPIDS - KENTWOOD's median listing age (time on market) for 2024-03-01 was 36 days.
This
is -16%
shorter
than the same period one year ago.
GRAND RAPIDS - KENTWOOD's median square footage for active listings during the 2024-03-01 period was 2,011 sqft. One year prior, the average listing was 2,032 sqft.
GRAND RAPIDS - KENTWOOD's median square footage for active listings during the 2024-03-01 period was 2,011 sqft. One year prior, the average listing was 2,032 sqft.
GRAND RAPIDS-KENTWOOD, MI Average Rent (2023)
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| Zip Code | Metro | Studio Apartment Rent | 1BR Apartment Rent | 2BR Apartment Rent | 3BR Apartment Rent | 4BR Apartment Rent |
|---|---|---|---|---|---|---|
| 48809 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $740 | $780 | $980 | $1,240 | $1,430 |
| 48815 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $750 | $780 | $990 | $1,260 | $1,460 |
| 48838 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $730 | $790 | $960 | $1,230 | $1,430 |
| 49301 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,570 | $1,650 | $1,990 | $2,590 | $2,890 |
| 49302 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,130 | $1,190 | $1,430 | $1,860 | $2,080 |
| 49303 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $720 | $780 | $940 | $1,230 | $1,390 |
| 49306 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,170 | $1,240 | $1,490 | $1,940 | $2,160 |
| 49315 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,100 | $1,170 | $1,400 | $1,830 | $2,030 |
| 49316 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,260 | $1,330 | $1,600 | $2,080 | $2,330 |
| 49318 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $810 | $910 | $1,150 | $1,450 | $1,560 |
| 49319 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $940 | $1,000 | $1,200 | $1,560 | $1,740 |
| 49321 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $940 | $1,000 | $1,200 | $1,560 | $1,740 |
| 49323 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $980 | $1,060 | $1,240 | $1,630 | $1,760 |
| 49325 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $860 | $890 | $1,100 | $1,420 | $1,610 |
| 49326 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $740 | $790 | $950 | $1,230 | $1,390 |
| 49327 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $830 | $910 | $1,130 | $1,450 | $1,590 |
| 49330 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $900 | $950 | $1,150 | $1,490 | $1,660 |
| 49331 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,020 | $1,070 | $1,300 | $1,690 | $1,890 |
| 49333 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,110 | $1,170 | $1,410 | $1,840 | $2,050 |
| 49341 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,140 | $1,200 | $1,450 | $1,890 | $2,110 |
| 49343 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $850 | $900 | $1,080 | $1,400 | $1,580 |
| 49345 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $870 | $910 | $1,100 | $1,430 | $1,600 |
| 49347 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $740 | $800 | $980 | $1,230 | $1,450 |
| 49348 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $980 | $1,030 | $1,240 | $1,610 | $1,800 |
| 49351 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,050 | $1,100 | $1,330 | $1,730 | $1,930 |
| 49403 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $940 | $1,050 | $1,200 | $1,600 | $1,660 |
| 49418 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $960 | $1,020 | $1,210 | $1,580 | $1,750 |
| 49435 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $740 | $800 | $940 | $1,230 | $1,390 |
| 49468 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,050 | $1,100 | $1,330 | $1,730 | $1,930 |
| 49501 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,050 | $1,100 | $1,330 | $1,730 | $1,930 |
| 49503 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,110 | $1,170 | $1,410 | $1,840 | $2,050 |
| 49504 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,050 | $1,100 | $1,330 | $1,730 | $1,930 |
| 49505 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,070 | $1,130 | $1,360 | $1,770 | $1,980 |
| 49506 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,140 | $1,200 | $1,450 | $1,890 | $2,110 |
| 49507 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $990 | $1,050 | $1,260 | $1,640 | $1,830 |
| 49508 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,080 | $1,140 | $1,370 | $1,780 | $1,990 |
| 49509 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $910 | $960 | $1,160 | $1,510 | $1,690 |
| 49510 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,050 | $1,100 | $1,330 | $1,730 | $1,930 |
| 49512 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,090 | $1,150 | $1,380 | $1,800 | $2,010 |
| 49514 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,050 | $1,100 | $1,330 | $1,730 | $1,930 |
| 49515 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,050 | $1,100 | $1,330 | $1,730 | $1,930 |
| 49516 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,050 | $1,100 | $1,330 | $1,730 | $1,930 |
| 49518 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,050 | $1,100 | $1,330 | $1,730 | $1,930 |
| 49519 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,120 | $1,180 | $1,420 | $1,850 | $2,060 |
| 49525 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,130 | $1,200 | $1,440 | $1,870 | $2,090 |
| 49534 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,020 | $1,090 | $1,300 | $1,700 | $1,870 |
| 49544 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,010 | $1,060 | $1,280 | $1,660 | $1,860 |
| 49546 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,270 | $1,340 | $1,610 | $2,100 | $2,340 |
| 49548 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $980 | $1,040 | $1,250 | $1,630 | $1,820 |
| 49588 | Grand Rapids-Wyoming, MI HUD Metro FMR Area | $1,050 | $1,100 | $1,330 | $1,730 | $1,930 |
2022 Average & Median Rent Data Statistics
GRAND RAPIDS-KENTWOOD, MI average 1BR rent: $1,058, median: $1,095
GRAND RAPIDS-KENTWOOD, MI average 2BR rent: $1,276, median: $1,315
GRAND RAPIDS-KENTWOOD, MI average 3BR rent: $1,658, median: $1,715
GRAND RAPIDS-KENTWOOD, MI Market Loan Reason
| Loan Purpose | Originations | Total Value | Average Loan |
|---|---|---|---|
| Home Purchase | 12,084 | $3,559,090,000 | $294,529 |
| Home Improvement | 3,814 | $321,530,000 | $84,303 |
| Other | 2,655 | $278,365,000 | $104,846 |
| Cash Out Refi | 2,485 | $459,035,000 | $184,722 |
| Refi | 2,429 | $571,135,000 | $235,132 |
| NA | 1 | $6,005,000 | $6,005,000 |
Grand Rapids - Kentwood's most frequently cited loan purpose was Home Purchase, with 12,084 originations. The 2nd most popular reason was Home Improvement, with 3,814 originations.
Interest Rate Frequencies
| Loan Rate | Originations | Total Value | Average Loan |
|---|---|---|---|
| 6-7% | 7,645 | $1,959,765,000 | $256,346 |
| 7-8% | 6,336 | $1,503,580,000 | $237,307 |
| Over 8% | 6,025 | $596,745,000 | $99,045 |
| 5-6% | 2,695 | $830,165,000 | $308,039 |
| 4-5% | 173 | $67,285,000 | $388,931 |
| <2.5% | 37 | $9,295,000 | $251,216 |
| 3-4% | 36 | $10,940,000 | $303,889 |
| 2.5-3% | 7 | $7,845,000 | $1,120,714 |
During 2023, Grand Rapids - Kentwood's most frequently originated rate bucket was 6-7%, with 7,645 originations.
Loan Sizing (GRAND RAPIDS-KENTWOOD, MI MSA)
| Loan Size | Originations | Total Value | Average Loan |
|---|---|---|---|
| $200k-400k | 8,165 | $2,247,615,000 | $275,274 |
| $100,000 or less | 7,481 | $396,235,000 | $52,966 |
| $100k-200k | 5,714 | $844,840,000 | $147,854 |
| $400k-600k | 1,434 | $676,130,000 | $471,499 |
| $600k-1000k | 477 | $341,685,000 | $716,321 |
| $Over $1MM | 197 | $688,655,000 | $3,495,711 |
GRAND RAPIDS - KENTWOOD's loan sizing saw the bucket of loans from $200k-400k with 8,165 originations, totaling $2,247,615,000 in origination value.
LTV Distribution
| Loan to Value | Originations | Total Value | Average Loan |
|---|---|---|---|
| 80-100% | 7,690 | $2,259,100,000 | $293,771 |
| Under 20% | 4,778 | $261,480,000 | $54,726 |
| 60-80% | 4,184 | $1,429,680,000 | $341,702 |
| 20-40% | 3,720 | $426,490,000 | $114,648 |
| 40-60% | 2,220 | $559,260,000 | $251,919 |
| Over 100% | 119 | $49,005,000 | $411,807 |
GRAND RAPIDS - KENTWOOD's loan sizing saw loans grouped in the 80-100% Loan-to-value bucket with 7,690 originations, totaling $2,259,100,000 in origination value.