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Updated almost 9 years ago on . Most recent reply
Grand Rapids, Michigan Market?
Hello BP, I was wondering how is the market doing in the Grand Rapids and Kalamazoo areas. Anyone that can shed some insight with me on the market there I would greatly apprecitate it. I have been asked recently by several investors about properties there.
Thanks in advance!
Most Popular Reply
Just Google Grand Rapids and rankings, etc. and real estate--you'll learn lots. Most investment properties get 10-12 offers the first day they go on the market. Vacancy rates are less than 1.5%. Lots of new investment by universities, medical industry and tech industry--not to mention the development going up to support the growth. There is a huge investment now into professional rental housing and condos in the downtown. The Kentwood area has seen a growth in duplexes. Housing is still very affordable for investors--but harder to come by as the market tightens up.