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
61.6%
2023
59.4%
Total change
-2.2 pp
% change
-3.6%
| Year | Homeownership Rate | Change |
|---|---|---|
| 2017 | 61.6% | — |
| 2019 | 64.4% | +2.8 pp (4.5%) |
| 2020 | 65.0% | +0.6 pp (0.9%) |
| 2021 | 62.0% | -3.0 pp (-4.6%) |
| 2022 | 61.2% | -0.8 pp (-1.3%) |
| 2023 | 59.4% | -1.8 pp (-2.9%) |