Chrissy, Other/Just Looking in Grand Rapids, MI

how many people currently rent in the metro area of grand rapids mi?

Asked by Chrissy, Grand Rapids, MI Mon Jan 31, 2011

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4
Very good detailed question. I would call a local property management company, who should have accurate numbers since that is what they do for a living. Best of luck.
0 votes Thank Flag Link Mon Jan 31, 2011
If you want to learn more about rentals and market conditions I would check with the RPOA!

Steve Volkers
Steve@stevevolkersgroup.com
Web Reference: http://www.rpoaonline.org/
0 votes Thank Flag Link Mon Jan 31, 2011
Hi Chrissy,

According to the 2000 Census, about 30% of occupied units in Kent County were being rented (63,211):
http://tinyurl.com/46t2hbb

An estimate from the US Census Bureau of their 5 year estimate from 2005-2009 has the rental rate slightly lower at 28% and 63,096 units:
http://tinyurl.com/4s3wk4l

I suspect the results from the 2010 census may show the rental rate has increased slightly in Kent County. In 2000 Michigan had one of the highest homeownership rates in the Country at 73.8% and I suspect it will have to come more in-line with the 2009 national average of
67.4%.
http://www.census.gov/hhes/www/housing/census/historic/owner.html
http://en.wikipedia.org/wiki/Homeownership_in_the_United_States
http://www.wzzm13.com/news/news_story.aspx?storyid=125969&am…

Hope this helps,

Rob

Robert Young
Associate Broker, ABR, CRS, e-PRO, GRI
Midwest Properties
616-248-0000 Direct Office
866-559-4373 Direct Fax
Web Reference: http://www.grhomebroker.com
0 votes Thank Flag Link Mon Jan 31, 2011
more than 150,000 renters in Grand Rapids.
0 votes Thank Flag Link Mon Jan 31, 2011
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