Grand Rapids, WI housing market
Home prices around Grand Rapids have risen about 63% over the past 5 years. Builders were permitted 18 new homes in 2025.
Home values, sales, trends and how Grand Rapids compares with the towns next door — updated as new data is published.
Home prices up 63% in 5 years
The federal house price index for the ZIP code around Grand Rapids rose 63% over the past 5 years, faster than across Wisconsin (57%). Last year prices rose 5.7%. Carrying the Census median home value forward with that index puts the typical Grand Rapids home at roughly $388,000 today.
Show as a table
| Year | Change that year | Since 2000 | Wisconsin since 2000 |
|---|---|---|---|
| 2025 | +5.7% | +134% | +143% |
| 2024 | +5.3% | +122% | +131% |
| 2023 | +15% | +111% | +116% |
| 2022 | +14% | +84% | +95% |
| 2021 | +12% | +61% | +70% |
| 2020 | +2.5% | +44% | +54% |
| 2019 | +4.2% | +41% | +50% |
| 2018 | +7.5% | +35% | +43% |
| 2017 | +2.9% | +26% | +36% |
| 2016 | +3.1% | +22% | +29% |
| 2015 | +0.7% | +18% | +24% |
| 2014 | +0.3% | +18% | +21% |
| 2013 | −1.4% | +17% | +19% |
| 2012 | −1.2% | +19% | +19% |
| 2011 | −0.7% | +20% | +21% |
| 2010 | −1% | +21% | +25% |
| 2009 | −2.7% | +22% | +31% |
| 2008 | +1.3% | +26% | +36% |
| 2007 | +3.1% | +24% | +38% |
| 2006 | +0.7% | +20% | +36% |
| 2005 | +6% | +20% | +32% |
| 2004 | +4.9% | +13% | +21% |
| 2003 | +1.6% | +7.5% | +13% |
| 2002 | +1.1% | +5.8% | +9.3% |
| 2001 | +4.7% | +4.7% | +5.2% |
| 2000 | — | — | — |
How Grand Rapids ranks on rising home prices →
Federal Housing Finance Agency House Price Index (annual, developmental) for ZIP code 54494, weighted by land area. It tracks repeat sales and appraisals of the same homes, so it shows how prices changed, not what homes cost. The estimated value scales the Census (ACS 2020-2024) median home value by that change.
18 new homes permitted in 2025
Builders were permitted 18 new homes in Grand Rapids in 2025: 10 single-family houses and 8 in buildings with two or more homes, worth about $5.1 million to build. That's 2.4 per 1,000 residents, slower than across Wisconsin (4.3). Over the past 10 years, Grand Rapids has permitted 162 homes in all.
Homes vs. people, 2010–2020
Between the 2010 and 2020 censuses, Grand Rapids's population fell by 70 even though 159 new homes were permitted. Homes are holding fewer people: households are getting smaller, or more homes are used part of the year. Across Wisconsin: 1.3 new residents per new home.
Residents: U.S. Census Bureau, 2010 and 2020 censuses. New homes: permits issued 2010–2019.
Show as a table
| Year | New homes | Single-family | 2+ per building | Value |
|---|---|---|---|---|
| 2026 (Jan–Aug) | 4 | 4 | 0 | $1.6 million |
| 2025 | 18 | 10 | 8 | $5.1 million |
| 2024 | 9 | 9 | 0 | $3.2 million |
| 2023 | 13 | 13 | 0 | $3.9 million |
| 2022 | 12 | 12 | 0 | $3.3 million |
| 2021 | 6 | 6 | 0 | $1.5 million |
| 2020 | 17 | 17 | 0 | $5.3 million |
| 2019 | 16 | 16 | 0 | $4 million |
| 2018 | 32 | 32 | 0 | $5.8 million |
| 2017 | 24 | 24 | 0 | $3.5 million |
| 2016 | 15 | 15 | 0 | $2.9 million |
| 2015 | 9 | 9 | 0 | $1.4 million |
| 2014 | 15 | 15 | 0 | $3.2 million |
| 2013 | 13 | 13 | 0 | $3.5 million |
| 2012 | 12 | 12 | 0 | $2.3 million |
| 2011 | 6 | 6 | 0 | $941,000 |
| 2010 | 17 | 17 | 0 | $2.6 million |
| 2009 | 23 | 21 | 2 | $4.6 million |
| 2008 | 8 | 8 | 0 | $1.2 million |
| 2007 | 10 | 10 | 0 | $1.6 million |
| 2006 | 17 | 17 | 0 | $2.7 million |
| 2005 | 21 | 21 | 0 | $3.4 million |
| 2004 | 29 | 29 | 0 | $4.4 million |
| 2003 | 26 | 24 | 2 | $4.1 million |
| 2002 | 37 | 37 | 0 | $5.2 million |
| 2001 | 31 | 31 | 0 | $4.7 million |
| 2000 | 37 | 37 | 0 | $5.4 million |
How Grand Rapids ranks on new homes being built →
Homes authorized by building permits, counted in the year the permit was issued. U.S. Census Bureau, Building Permits Survey, through August 2026.
Grand Rapids and its neighbors
| Town | Typical value | 1-yr change | 2-bed rent | New homes 2025 | Median income |
|---|---|---|---|---|---|
| Grand Rapids | — | +5.7%† | $1,070 | 18 | $96,658 |
| Wisconsin Rapids | $230K | +7.4% | $1,020 | 19 | $55,253 |
| Port Edwards | — | +10.3%† | $1,010 | 5 | $75,598 |
| Biron | $211K | +8.8% | $1,070 | 7 | $66,250 |
| Grant | — | +5.6%† | $1,040 | 4 | $89,167 |
| Lake Wazeecha | — | +5.7%† | $1,070 | — | $93,346 |
| Saratoga | — | +6.4%† | $1,040 | 16 | $74,499 |
† FHFA price index change, where Zillow has no home value for the town.
2.3 years of income
The typical Grand Rapids home costs about 2.3 years of the town's median household income, less than across Wisconsin (4.4 years).
How Grand Rapids ranks on affordability →
Home value ÷ ACS median household income.
Owners, rent & taxes
U.S. Census Bureau, ACS 2020-2024.
A two-bedroom rents for about $1,070
HUD's Fair Market Rent for a two-bedroom in Grand Rapids is $1,070 a month, utilities included: roughly what a modest, recently rented unit costs. Renters already in Grand Rapids pay a median of $861, so moving in tends to cost more than staying put. A two-bedroom takes about 13% of the town's median household income.
Studio $760 · 4 bedrooms $1,420
U.S. Department of Housing and Urban Development, FY2026 Fair Market Rents by ZIP code (54494; Adams County, WI), weighted by land area. A Fair Market Rent is the 40th-percentile rent plus utilities for a standard unit. Median rent: U.S. Census Bureau, American Community Survey.
Recent listings in Grand Rapids
Home values: Zillow Home Value Index (ZHVI), Zillow Research. Sales, days on market and supply: Redfin Data Center. Income, ownership, taxes and rent: U.S. Census Bureau, American Community Survey. New homes: U.S. Census Bureau, Building Permits Survey. Price trend: Federal Housing Finance Agency House Price Index. Fair Market Rents: U.S. Department of Housing and Urban Development. Listings link to their publishers.