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GRAND RAPIDS

City Overview

For quite some time, Grand Rapids has been creating an irresistible aura and energy, providing a perfect place for growth and stability. Far from the generic, Grand Rapids offers the tools and resources to be successful. With its diversified economy, hard working citizens and extensive natural resources, it has proven that even through the toughest of times, it can far exceed what is expected. Grand Rapids is the world headquarters companies such as Amway, BISSELL, Steelcase, Herman Miller, and Wolverine World Wide, which have contributed to this Midwest economy’s unprecedented growth and investment. It is no surprise the Wall Street Journal recently recognized Grand Rapids as the 2nd best place to live in the United States, as well as being voted the #1 place that Millennials are flocking to in the U.S. to get a job, buy a home, and start a life.

Multifamily Stats

4.99%

cap rate

$1,080

asking rents

99.3%

occupancy

4.02%

job growth

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Population
122,028

Projected to grow 3.11% between 2021 and 2026, compared to Michigan 1.05% and U.S 3.58%

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Median Household Income
$70,678

Projected to grow 11.11% between 2021 and 2026, compared to Michigan 10.27% and U.S 12.67%

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Median Home Value
$336,463

Projected to grow 5.73% between 2021 and 2026, compared to Michigan 18.32% and U.S 18.56%

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Age Group 20-34
45,779

Projected to grow 2.60% between 2021 and 2026, compared to Michigan -4.85% and U.S -0.97%

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Crime Index
72

For comparison, Michigan’s crime index is 81 and U.S. index is 100

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Unemployment
3.90%

For comparison, Michigan Unemployment rate is 5.80% and U.S. 6.20%

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Businesses
5,114

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Employees
129,682

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Top Employers

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