Grand Rapids city: Homeownership Rate Trend
How Grand Rapids city's homeownership rate changed from 2017 to 2023, based on U.S. Census Bureau ACS 5-Year Estimates. The 2019 vintage reflects the pre-COVID peak; 2021 captures the immediate COVID-era disruption; 2022–2023 show the recovery.
2017
54.4%
2023
54.6%
Total change
+0.2 pp
% change
+0.4%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 54.4% | — |
| 2019 | 55.4% | +1.0 pp (1.8%) |
| 2020 | 55.0% | -0.4 pp (-0.7%) |
| 2021 | 55.5% | +0.5 pp (0.9%) |
| 2022 | 54.5% | -1.0 pp (-1.8%) |
| 2023 | 54.6% | +0.1 pp (0.2%) |