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Grand Rapids Housing, Costs

Monthly Grand Rapids housing costs for owner-occupied housing units. Costs are in two categories, for owners with a mortgage, and without a mortgage. Costs are displayed in dollar amounts in the first table, and as a percentage of total income in the second table.


Housing costs

Number

Percent

Specified owner-occupied housing units

39,366

100.0%

 

 

 

With a mortgage

27,540

70.0%

Less than $200 monthly

8

0.0%

$200 - $299 monthly

123

0.4%

$300 - $399 monthly

509

1.8%

$400 - $499 monthly

1,491

5.4%

$500 - $599 monthly

2,776

10.1%

$600 - $699 monthly

4,080

14.8%

$700 - $799 monthly

4,197

15.2%

$800 - $899 monthly

4,058

14.7%

$900 - $999 monthly

2,918

10.6%

$1,000 - $1,499 monthly

5,782

21.0%

$1,500 - $1,999 monthly

1,237

4.5%

$2,000 - $2,499 monthly

261

0.9%

$2,500 - $2,999 monthly

70

0.3%

$3,000 or more monthly

30

0.1%

Median in dollars

814

 

 

 

 

Without a mortgage

11,826

30.0%

Less than $100 monthly

60

0.5%

$100 - $149 monthly

458

3.9%

$150 - $199 monthly

1,805

15.3%

$200 - $249 monthly

3,148

26.6%

$250 - $299 monthly

2,558

21.6%

$300 - $399 monthly

2,353

19.9%

$400 - $499 monthly

891

7.5%

$500 - $699 monthly

459

3.9%

$700 or more monthly

94

0.8%

Median in dollars

259

 


Housing costs as a percentage of monthly income (1999)

Number

Percent

With a mortgage

27,540

70.0%

Less than 20%

14,616

53.1%

20 - 24%

4,411

16.0%

25 - 29%

3,028

11.0%

30 - 34%

1,579

5.7%

35% or more

3,722

13.5%

Not computed

184

0.7%

Median

19.2%

 

 

 

 

Without a mortgage

11,826

30.0%

Less than 20%

9,456

80.0%

20 - 24%

702

5.9%

25 - 29%

406

3.4%

30 - 34%

216

1.8%

35% or more

823

7.0%

Not computed

223

1.9%

Median

10.0%

 





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