There are currently 12,195 real estate properties in Kentwood, MI, with a median automated valuation model (AVM) price of $289,774.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Kentwood, MI, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Kentwood, MI, is $288,602.00, with the most expensive house in Kentwood, MI, topping out at $2,919,177.00 and the cheapest home in Kentwood, MI, clocking in at $38,626.00. In other words, there’s something for every potential homebuyer or savvy investor in Kentwood, MI!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Kentwood, MI, is on a rollercoaster ride. The average rent price in Kentwood, MI, is $1,474.00. Indeed, when looking to rent in Kentwood, MI, you can expect to pay as little as $820.00 or as much as $2,880.00, with the average rent median estimated to be $1,430.00. The good news is that finding an affordable and desirable property to rent in Kentwood, MI -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Kentwood is located in Kent, Michigan, with an estimated municipal population of 51,898 residents. All of the best foreclosed homes for sale in Kentwood are located in the following zip code areas on Foreclosure.com: 49548 49512 49546 49508 49518 49560. The estimated population per square kilometer (.62 miles) in Kentwood is 958.
So, about how much do homes cost in Kentwood? The most recent median value of resident-owned homes in Kentwood is 158,553. An estimated 58.2 percent of households in Kentwood own their homes, with an average family size of 3.18. The median household income in Kentwood is 54,197, with20.3 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Kentwood, the median commute time of resident workers (in minutes) is 19.1. And last, but certainly not least, are you looking for homes to rent in Kentwood? If so, the average rent price paid by renters in Kentwood is 899, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Kentwood, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Kentwood is 34.4, split between 48.2 percent male versus 51.8 female. The percentage of residents who report being married in Kentwood is 45.4, with an average family size of 3.18.
The percentage of residents who report their race in Kentwood is as follows:
| White | 63.4% |
| Black / African American | 21.9% |
| Asian | 8.7% |
| American Indian / Alaskan Native | 0.2% |
| Native Hawaiian / Other Pacifc Islander | 0.1% |
| Multi-racial | 3.5% |
| Other | 2.3% |
Looking for family-friendly neighborhoods in and/or near Kentwood? Or maybe you are searching for 55+ active adult communities in and/or near Kentwood?
The percentage of residents who report their age in Kentwood is as follows:
| Under 10 | 14.5% |
| Aged 10-19 | 12.4% |
| 20s | 15.8% |
| 30s | 14.8% |
| 40s | 11.6% |
| 50s | 11.4% |
| 60s | 10.6% |
| 70s | 4.9% |
| 80+ | 4.1% |
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Kentwood with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Kentwood.
How do you know that living in -- or moving to -- Kentwood is right where you need to be? Perhaps you grew up in Kentwood or already live nearby; therefore, the decision to buy a home in Kentwood is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Kentwood for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Kentwood:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Kentwood.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Kentwood can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Kentwood, meanwhile, can field multiple offers from more qualified buyers.
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