Kentwood, Michigan Housing Market Prices
Kentwood Home Prices and Rent at a Glance
The median home price (often called the average home price), rent costs, affordability metrics, and housing stock characteristics for this housing market.
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Median home price 80% below the Michigan median$27,826
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Median rent 13% above the Michigan median$1,281
Housing Market Overview
| Metric | Kentwood | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $27,826 | $138,713 | $248,835 |
| Price Trend (Annual %) | 5.0% | 8.6% | 7.5% |
| Median Gross Rent | $1,281 | $1,129 | $1,407 |
| Rent Trend (Annual %) | 5.7% | 4.5% | 5.1% |
| Household Income Trend (Annual %) | — | — | — |
The median home price in Kentwood is about 80% lower than in Michigan. Rent is about 13% higher than the Michigan average.
Median Home and Rent Price Trends
Median Home Prices, 2015-2024
Median Rent Prices, 2015-2024
Both home prices and rent are rising in Kentwood, up about 5.0% and 5.7% a year respectively. Rent is changing faster.
Median rent in Kentwood rose about 60.1% between 2015 and 2024, from $800 to $1,281. Over the same span, rent in Michigan rose about 44.2%.
Affordability
On average, housing unit costs 0.4 yearly household incomes in Kentwood.
Buying the median-priced home in Kentwood costs roughly 1.8 years of rent at the median monthly rate. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Kentwood. The price-to-rent ratio in Michigan is about 10.2.
| Metric | Kentwood | Michigan Avg | US Average |
|---|---|---|---|
| Median Home Price | $27,826 | $138,713 | $248,835 |
| Median Household Income | $75,230 | $72,977 | $80,455 |
| Price-to-Income Ratio | 0.4 | 1.9 | 3.1 |
Home Prices vs Income Over Time
Between 2015 and 2024, the median home price in Kentwood fell about 79.3%, while median household income rose about 41.0% between 2009 and 2025 — income grew faster than the home price.
Income Growth vs Housing Cost Growth (Year-over-Year %)
Compare income and housing cost trends.
Occupancy & Tenure
| Metric | Kentwood | Michigan Avg | US Average |
|---|---|---|---|
| Homeownership Rate | 58.3% | 64.6% | 58.5% |
| Rental Rate | 36.9% | 23.6% | 31.2% |
| Vacancy Rate | 4.9% | 11.8% | 10.2% |
| Median Tenure (years) | 13.0 | 16.0 | 15.0 |
| Median Year Moved In | 2013 | 2010 | 2011 |
Kentwood has a homeownership rate of 58.3%, lower than the Michigan average of 64.6%. Its housing vacancy rate is 4.9%, compared with 11.8% in Michigan.
Housing Stock
| Metric | Kentwood | Michigan Avg | US Average |
|---|---|---|---|
| Average Household Size | 2.56 people | 2.42 people | 2.53 people |
| Median Structure Built Year | 1983 | 1972 | 1978 |
| Median Number of Rooms | 5.4 | 5.9 | 5.5 |
The typical housing unit in Kentwood was built around 1983. On average, 2.6 people live in a home with about 5.4 rooms, staying for about 13.0 years on average.
Kentwood, MI Housing Compared With Nearby Cities
How Kentwood, MI compares with the 1 cities closest to it.
| Area | Population | Median home price | Median rent | Homeownership |
|---|---|---|---|---|
| Kentwood, MI | 54,971 | $27,826 #2/2 | $1,281 #1/2 | 61.2% #1/2 |
| Grand Rapids, MI | 196,641 | $249,625 | $1,254 | 54.5% |
Frequently Asked Questions
Common questions about the housing market in Kentwood, Michigan.
What is the median home price in Kentwood, Michigan?
The median home price in Kentwood, Michigan is $27,826, lower than the Michigan average of $138,713.
What is the average home price in Kentwood, Michigan?
The typical home price in Kentwood, Michigan, reported as the median sale price, is $27,826. The median is used instead of a mathematical average because it is not skewed by a small number of very expensive or very cheap homes, so it better reflects what a typical buyer pays.
What is the median rent in Kentwood, Michigan?
The median gross rent in Kentwood, Michigan is $1,281 per month, higher than the Michigan average of $1,129.
What was the median gross rent in Kentwood in 2020?
In 2020, the median gross rent in Kentwood, Michigan was $978 per month.
What is the price-to-rent ratio in Kentwood, Michigan?
The price-to-rent ratio in Kentwood, Michigan is about 1.8, meaning it would take roughly 1.8 years of rent payments at the median rent to equal the median home price. That is a relatively low price-to-rent ratio, which tends to favor buying over renting in Kentwood.
Are home prices or rent rising faster in Kentwood, Michigan?
Both home prices and rent are rising in Kentwood, up about 5.0% and 5.7% a year respectively. Rent is changing faster.
What is the homeownership rate in Kentwood, Michigan?
58.3% of households in Kentwood, Michigan own their home, lower than the Michigan average of 64.6%.
What is the vacancy rate in Kentwood, Michigan?
The housing vacancy rate in Kentwood, Michigan is 4.9%, lower than the Michigan average of 11.8%.
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