Direct recent-lease rent history
Monthly overall-rent index; missing observations are not filled from another geography.
FIPS 26081 · population 663,150 · part of Grand Rapids, MI
The latest county-level Zillow ZORI is $1,630 per month in 2026-06. It is a typical asking-rent index across rental types—not an arithmetic average, signed lease or quote for one property.
| Bedrooms | HUD monthly FMR | Geography | Measurement boundary |
|---|---|---|---|
| Studio | $1,232 | Kent County, MI | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 1 bedroom | $1,278 | Kent County, MI | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 2 bedrooms | $1,531 | Kent County, MI | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 3 bedrooms | $1,980 | Kent County, MI | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
| 4 bedrooms | $2,189 | Kent County, MI | HUD administrative benchmark; compare with same-bedroom listings, never treat it as observed asking rent. |
Zillow asking rent, ACS gross rent and HUD FMR describe different housing universes. They remain separate and no metro, city or neighboring-county value replaces missing county evidence.Zillow pulled 2026-07-26 · HUD pulled 2026-07-26
Everything here joins on the county FIPS code, so each figure comes from the agency that publishes it with no name matching in between.
Zillow estimates a current home value. FHFA tracks repeat mortgage transactions. Their growth rates should be read side by side, not averaged.
Survey source: Census ACS 5-year — county housing value, tenure and stock · ACS 2024 5-year · pulled 2026-07-30. These values describe different housing universes and are not combined into gross yield.
Workplace source: BLS QCEW — county employment and wages · annual county employment and wages 2021-2025; latest 2025 vs 2024 · pulled 2026-08-02. QCEW counts covered jobs located in the county, not employed residents or the metro score’s CES/LAUS series.
BEA per-capita personal income divides all personal income by the county population. It is broader than wages, but it is not household income or a measure of what renters can afford.
HUD CHAS separates renter households by income relative to local HAMFI. Moderate burden means housing costs above 30% through 50% of income; severe burden means more than 50%.
These Apartment List observations match the exact county Census code 26081. They are kept separate from Zillow asking rent, Census occupied-home rent and wider metro measures.
Monthly overall-rent index; missing observations are not filled from another geography.
Kent County presents a decision tension: a positive headline gross yield against carrying-cost, supply, and flood diligence rather than a simple appreciation case. For buyers able to verify operating costs and flood exposure, Zillow’s 2026-06 county median home value was $361,485, up 4.06%, while the published median asking rent was $1,630 per month and the stated gross yield was 5.41%. Investors needing durable net cash flow should be cautious until taxes, insurance, repairs, and vacancy are property-specific.
The yield uses measured market rent, not HUD Fair Market Rent; FMR is a payment standard and cannot substitute for asking rent. The effective property-tax rate is 1.11%, with a $3,217 median annual tax, material carrying-cost inputs beside price. FHFA’s 2025 repeat-transaction HPI rose 4.48% annually and 60.19% cumulatively over five years. It supports Zillow’s positive direction but is not a home value and should not be averaged with Zillow’s differently dated measure.
Realtor.com’s 2026-06 MLS evidence shows 888 active listings, an increase in visible supply, a reported median marketing time, and a published price-reduced share. These are asking-market supply and seller-concession signals—not sale prices or proof of buyer demand. The supplied QCEW annual workplace series identifies Education and health services as the largest disclosed private supersector; it is not resident employment or a forecast. Tax-return migration is slightly negative: more households moved out than in, and incoming movers’ average AGI was below outgoing movers’. Investor purchase mortgages represented 4.52% of total purchases, a minority of recorded activity that does not capture all-cash investors.
Inland flood is the named dominant hazard, and modeled annual climate loss equals 0.09% of building value; it is a modeled expected loss, not a property insurance quote. The county record lacks insurance premiums, flood-zone status, deductible terms, vacancy, operating expenses, financing terms, property condition, lease mix, and closed-sale comparables. Those gaps prevent a net-yield conclusion, a parcel-level hazard assessment, and confirmation that MLS conditions translate into executable purchase pricing. Check each address’s tax bill, flood disclosure and insurance quote, rent roll, and recent closed comparables.
This view uses 12 direct Zillow ZIP markets matched to Census ZCTAs. Each ZIP is assigned by its largest HUD residential county share; this is not an exhaustive county inventory.
In the selected direct-evidence set, Zillow's June ZORI, a typical observed asking-rent index, runs from $1,392 to $1,871, with a $1,709 median and a $479 spread. The selected-set median is above the county Zillow value of $1,630, but it should be read as a selection-set result rather than a countywide average. The decision is therefore not simply which ZIP label appears least expensive: it is whether the target unit, household budget, and move timing fit the observed range, and where a property-by-property search is warranted. A ZIP label is a search filter, not a promise about a unit. The low end is represented by 49509; the upper end should not by itself be read as a better or worse rental choice.
Zillow, ACS, and HUD answer different questions and should not be merged. ACS five-year ZCTA median gross-rent survey estimates span $1,051 to $1,408; they are not current asking rents or a measure of change from ZORI. The packet's administrative, bedroom-specific HUD FMR is $1,334 in every shown record, while the county figure is $1,531; it is a program standard, not asking rent. ZORI is 4.3% to 40.3% above the ZIP HUD standard, useful for a screening comparison but not proof of a particular unit's rent. Differences in timing and measurement make conversion between these series inappropriate. The annual income mechanically required to hold ZORI at 30% of income runs from $55,680 to $74,840, before utilities, fees, or other household costs.
Affordability pressure does not line up neatly with ACS vacancy estimates. Across the shown ZCTAs, the ACS share of renter households spending at least 30% of income on rent ranges from 37.4% to 54.9%, around a county estimate of 49.0%. ACS vacancy rates range from 2.9% to 7.6%, versus 4.6% countywide. At the low-vacancy extreme, 49509 has a 53.2% burden share; at the high-vacancy extreme, 49504 has a 50.3% share. This cross-section does not establish a relationship, and a survey vacancy estimate does not identify an available unit. Rankings can change depending on whether the search screen is burden or vacancy. Check advertised rent, income rules, and lease terms directly.
The display covers 12 of 16 eligible matched ZIP/ZCTA records and 61,342 renter households, so it is selected evidence rather than an exhaustive county inventory. Assignment follows the largest HUD residential-address county share, not a boundary test. Displayed assignment shares of 64.4% and 84.9% mean that those ZIP-based records can include addresses outside Kent County. Census ZCTAs are statistical areas, not USPS delivery ZIPs. Before acting on any listing, verify the bedroom count, advertised rent, utility responsibility, recurring and move-in fees, deposit, income qualification, availability date, and that the address matches the intended geography. Confirm that any concessions are included in a written quote and apply to the required lease term.
16 ZIP profiles passed the county gate; the 12 with the most renter households are shown.
| ZIP / ZCTA | Zillow asking rent | ACS gross rent | HUD 2BR | Burden 30%+ | Vacancy | Income screen | HUD county share |
|---|---|---|---|---|---|---|---|
| 49503 | $1,539 | $1,301 | $1,334 | 37.4% | 7.1% | $62k | 100.0% |
| 49504 | $1,473 | $1,231 | $1,334 | 50.3% | 7.6% | $59k | 100.0% |
| 49508 | $1,780 | $1,264 | $1,334 | 54.9% | 4.5% | $71k | 100.0% |
| 49507 | $1,536 | $1,108 | $1,334 | 53.2% | 3.9% | $61k | 100.0% |
| 49512 | $1,638 | $1,249 | $1,334 | 45.1% | 7.4% | $66k | 100.0% |
| 49505 | $1,817 | $1,324 | $1,334 | 51.0% | 3.7% | $73k | 100.0% |
| 49519 | $1,475 | $1,205 | $1,334 | 51.2% | 6.7% | $59k | 100.0% |
| 49546 | $1,810 | $1,408 | $1,334 | 48.4% | 3.5% | $72k | 100.0% |
| 49418 | $1,871 | $1,261 | $1,334 | 48.9% | 4.1% | $75k | 84.9% |
| 49509 | $1,392 | $1,051 | $1,334 | 53.2% | 2.9% | $56k | 100.0% |
| 49506 | $1,828 | $1,359 | $1,334 | 42.5% | 3.8% | $73k | 100.0% |
| 49534 | $1,823 | $1,280 | $1,334 | 39.2% | 3.6% | $73k | 64.4% |
Open a five-digit report for asking rent, affordability, rent history and resale liquidity. Each row keeps its ZIP/ZCTA measurement scope.
| ZIP report | City label | Zillow rent | 1Y change | ACS burden 30%+ | Population |
|---|---|---|---|---|---|
| ZIP 49505 rental reportKent County | Grand Rapids, MI | $1,817 | ▲ 2.6% | 51.0% | 32,426 |
| ZIP 49503 rental reportKent County | Grand Rapids, MI | $1,539 | ▲ 2.7% | 37.4% | 39,489 |
| ZIP 49507 rental reportKent County | Grand Rapids, MI | $1,536 | ▲ 5.0% | 53.2% | 38,487 |
| ZIP 49504 rental reportKent County | Grand Rapids, MI | $1,473 | ▲ 3.1% | 50.3% | 40,036 |
Zillow ZORI is an asking-rent index. ACS burden and population describe the Census ZCTA; missing observations remain n/a.
Census-recognized incorporated places and CDPs that intersect this county. The list does not pretend to include every neighborhood or informal community.
Population is the total place-wide ACS estimate, not an allocated county share. A place crossing a county line is labelled explicitly. Source: Census ACS 5-year — cities and communities · ACS 2024 5-year · pulled 2026-07-30.
0.090% of building value expected lost per year
$3,217 median annual bill
15,118 in · 15,345 out
$61,718 arriving · $68,458 leaving
335 of 7,404 mortgages
Listing price is an asking price, not a closed sale. Quality-flagged county rows are withheld instead of displayed.
A metro is an average of these. Which side of a county line a property sits on can change the tax bill, the hazard profile and the tenant pool.
| County | Population | Price | Rent | Yield | Hazard |
|---|---|---|---|---|---|
| Kent County | 663,150 | $361k | $1,630 | 5.4% | inland flooding |
| Ottawa County | 301,203 | $402k | $1,802 | 5.4% | inland flooding |
| Montcalm County | 67,816 | $242k | n/a | n/a | inland flooding |
| Ionia County | 66,574 | $270k | $1,362 | 6.1% | inland flooding |
| Barry County | 63,409 | $307k | $1,698 | 6.6% | inland flooding |
No. The record publishes median asking market rent separately; HUD Fair Market Rent is a payment standard.
It provides a repeat-transaction appreciation index, not a dollar home value or a closed-sale price.
No. It is based on purchase mortgages to non-occupants, so all-cash investor activity is not captured.