49503 — Grand Rapids, MI Home Values
Typical home value $294,526 as of June 2026 · 42nd of 67 in Grand Rapids-Kentwood, MI
Blue: typical home value (Zillow ZHVI) in ZIP code 49503, June 2021 to June 2026. This page shows observed data only; no forecast.
How 49503 compares in the Grand Rapids-Kentwood, MI area
ZIP code 49503 (Grand Rapids, MI) has a typical home value of $294,526 as of June 2026, ranking 42nd of 67 ZIP codes tracked in the Grand Rapids-Kentwood, MI area, more expensive than about 39% of ZIP codes in the metro. Prices here have moved +1.4% over the trailing 12 months. Over the past five years, the typical value in this ZIP code has changed +26.7%, from $232,537 in June 2021 to $294,526 in June 2026. Against observed rent, the typical home here sells for 15.9× the annual rent ($1,539/mo), a common way to gauge whether buying looks cheap relative to renting in this ZIP code.
Every figure above is observed Zillow data. Sialim's forecasting engine works at the metro level; see the Grand Rapids-Kentwood, MI forecast for a modeled outlook, or browse the full ranked list of ZIP codes in Grand Rapids.
Population and demographics
ZIP code 49503 has a population of 37,874, per the Census Bureau's American Community Survey 5-year estimate. By race and ethnicity: 60.2% White, 18.3% Hispanic or Latino, 13.3% Black or African American, 5.1% two or more races, 2.2% Asian, 0.8% American Indian or Alaska Native, and 0.2% another race.
Nearby public schools
| School | Address | Distance |
|---|---|---|
| Grand Rapids Learning Center | 435 FULTON ST E, GRAND RAPIDS, MI | 0.1 mi |
| Grand Rapids Public Museum High | 54 JEFFERSON AVE SE, GRAND RAPIDS, MI | 0.2 mi |
| Innovation Central High | 421 FOUNTAIN ST NE, GRAND RAPIDS, MI | 0.3 mi |
Distance is straight-line from the ZIP code's center; driving distance will be longer. School attendance is set by district boundaries, not proximity. Confirm which school a specific address is zoned for with the local school district. Source: National Center for Education Statistics.
Frequently asked questions
What is the typical home value in ZIP code 49503?
$294,526 as of June 2026, the latest month Zillow has published observed data for.
Is 49503 an expensive ZIP code in the Grand Rapids-Kentwood, MI area?
49503 ranks 42nd of 67 ZIP codes in the Grand Rapids-Kentwood, MI area by typical home value, more expensive than about 39% of ZIP codes in the metro.
How much have home values in 49503 changed over the past year?
+1.4% over the trailing 12 months, from observed Zillow data.
Is it cheaper to buy or rent in ZIP code 49503?
The typical home price is 15.9× the observed annual rent in this ZIP code ($1,539/mo). Lower multiples favor buying over renting, all else equal.
What is the population of ZIP code 49503?
37,874, per the US Census Bureau's American Community Survey 5-year estimate.
What are the closest public schools to ZIP code 49503?
Grand Rapids Learning Center (0.1 mi), Grand Rapids Public Museum High (0.2 mi), Innovation Central High (0.3 mi), by straight-line distance from the ZIP code's center. School attendance is set by district boundaries, not proximity. Confirm assignment with the local school district.
Is this page showing a forecast for 49503?
No. Every number on this page is observed Zillow data as of June 2026, not a forecast. Sialim's forecasting engine runs at the metro level; see the Grand Rapids-Kentwood, MI forecast for a modeled outlook.
ZIP-level values shown here are observed Zillow data, not forecasts. Sialim's forecasting engine works at the metro level today; ZIP-level forecasts are planned for Sialim Pro. Data © Zillow, via Zillow Research.