Grand Rapids home prices grow by 33%

by Ephraim Vecina09 Feb 2016
Results from a recent Forbes.com study revealed that home prices in Grand Rapids, Michigan have grown by 33% in the past three years in response to a robust economy and strong per-capita purchasing power.
 
As quoted by MLive.com, the survey results noted that January 2016 saw the median price of Grand Rapids homes hit $154,348. While representing 8% growth over last year’s numbers, though, this price is still hovering around 22% below the national average.
 
Accompanying this spike are the latest figures released by the state government, showing that unemployment went down to a record low of 2.8% in 2015. The area’s economy has also grown by 3.9% in the same period.
 
Due to these developments, Grand Rapids has been described by the Forbes survey as the best place to buy a home throughout the United States.
 
Orlando came in second place in the rankings, while seven more out of the top 20 markets were in Florida.

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