Grand Rapids-Wyoming-Kentwood, MI
House prices for this metro area, real and nominal, since FHFA's series begins.
FHFA purchase-only · 1991 Q1 to 2026 Q2 · real terms in 2024 dollars · built 2026-09-12
All metro areas · this area is grand rapids on the rankings
The index
Real and nominal, first quarter of the series = 100; the shaded band is 2007 to 2012.
How this is measured
Real terms deflate each quarter by that year's US CPI, stated in 2024 dollars; the CPI runs to 2024, so later quarters sit at 2024 prices until the next print. Purchase-only means repeat sales of the same homes with refinance appraisals excluded, the cleaner of FHFA's two indices, published for the 100 largest metro areas.
One year
One year real +3.1%
nominal +3.1%
Five years
Five years real +22.2%
nominal +41.5%
Ten years
Ten years real +77.3%
nominal +131.8%
Twenty-five years
Twenty-five years real +64.0%
nominal +190.5%
Since 2000
Since 2000 real +70.4%
nominal +210.4%
2007 to 2012
crash, real −29.7%
2007Q2 to 2011Q1
Year by year
Fourth quarter of each year, nominal and real, newest first.
| Quarter | Nominal | Real (2024 $) | Real, year on year |
|---|---|---|---|
| 2026 Q2 | 471.6 | 471.6 | real year on year +5.1% |
| 2025 Q4 | 448.8 | 448.8 | real year on year +4.4% |
| 2024 Q4 | 429.8 | 429.8 | real year on year +4.1% |
| 2023 Q4 | 401.0 | 412.8 | real year on year +3.6% |
| 2022 Q4 | 371.8 | 398.5 | real year on year −0.6% |
| 2021 Q4 | 346.2 | 400.8 | real year on year +11.5% |
| 2020 Q4 | 296.6 | 359.5 | real year on year +10.9% |
| 2019 Q4 | 264.1 | 324.1 | real year on year +5.1% |
| 2018 Q4 | 246.9 | 308.4 | real year on year +6.7% |
| 2017 Q4 | 225.8 | 288.9 | real year on year +7.4% |
| 2016 Q4 | 205.7 | 268.9 | real year on year +6.2% |
| 2015 Q4 | 191.2 | 253.1 | real year on year +8.4% |
| 2014 Q4 | 176.2 | 233.4 | real year on year +6.3% |
| 2013 Q4 | 163.0 | 219.5 | real year on year +7.0% |
| 2012 Q4 | 150.1 | 205.1 | real year on year +3.2% |
| 2011 Q4 | 142.6 | 198.8 | real year on year −1.5% |
| 2010 Q4 | 140.3 | 201.9 | real year on year −6.1% |
| 2009 Q4 | 147.0 | 215.0 | real year on year −0.9% |
| 2008 Q4 | 148.8 | 216.9 | real year on year −14.2% |
| 2007 Q4 | 167.1 | 252.8 | real year on year −9.3% |
| 2006 Q4 | 179.2 | 278.8 | real year on year −6.0% |
| 2005 Q4 | 184.7 | 296.6 | real year on year −1.7% |
| 2004 Q4 | 181.8 | 301.8 | real year on year −0.6% |
| 2003 Q4 | 178.2 | 303.8 | real year on year +1.1% |
| 2002 Q4 | 172.3 | 300.5 | real year on year +3.8% |
| 2001 Q4 | 163.4 | 289.5 | real year on year +0.5% |
| 2000 Q4 | 158.2 | 288.2 | real year on year +2.7% |
| 1999 Q4 | 149.0 | 280.5 | real year on year +3.3% |
| 1998 Q4 | 141.2 | 271.7 | real year on year +3.7% |
| 1997 Q4 | 134.0 | 261.9 | real year on year +2.0% |
| 1996 Q4 | 128.4 | 256.8 | real year on year +3.7% |
| 1995 Q4 | 120.3 | 247.6 | real year on year +4.1% |
| 1994 Q4 | 112.4 | 237.8 | real year on year +2.7% |
| 1993 Q4 | 106.6 | 231.4 | real year on year +0.2% |
| 1992 Q4 | 103.3 | 231.0 | real year on year −1.2% |
| 1991 Q4 | 101.5 | 233.8 | — |
2026 Q2472 · real 472real year on year +5.1%
2025 Q4449 · real 449real year on year +4.4%
2024 Q4430 · real 430real year on year +4.1%
2023 Q4401 · real 413real year on year +3.6%
2022 Q4372 · real 399real year on year −0.6%
2021 Q4346 · real 401real year on year +11.5%
2020 Q4297 · real 360real year on year +10.9%
2019 Q4264 · real 324real year on year +5.1%
2018 Q4247 · real 308real year on year +6.7%
2017 Q4226 · real 289real year on year +7.4%
2016 Q4206 · real 269real year on year +6.2%
2015 Q4191 · real 253real year on year +8.4%
Show all 36 years
2014 Q4176 · real 233real year on year +6.3%
2013 Q4163 · real 220real year on year +7.0%
2012 Q4150 · real 205real year on year +3.2%
2011 Q4143 · real 199real year on year −1.5%
2010 Q4140 · real 202real year on year −6.1%
2009 Q4147 · real 215real year on year −0.9%
2008 Q4149 · real 217real year on year −14.2%
2007 Q4167 · real 253real year on year −9.3%
2006 Q4179 · real 279real year on year −6.0%
2005 Q4185 · real 297real year on year −1.7%
2004 Q4182 · real 302real year on year −0.6%
2003 Q4178 · real 304real year on year +1.1%
2002 Q4172 · real 300real year on year +3.8%
2001 Q4163 · real 290real year on year +0.5%
2000 Q4158 · real 288real year on year +2.7%
1999 Q4149 · real 281real year on year +3.3%
1998 Q4141 · real 272real year on year +3.7%
1997 Q4134 · real 262real year on year +2.0%
1996 Q4128 · real 257real year on year +3.7%
1995 Q4120 · real 248real year on year +4.1%
1994 Q4112 · real 238real year on year +2.7%
1993 Q4107 · real 231real year on year +0.2%
1992 Q4103 · real 231real year on year −1.2%
1991 Q4102 · real 234—
Source
FHFA House Price Index, purchase-only, quarterly, not seasonally adjusted, CBSA 24340. Real terms by the World Bank's US consumer price index, annual.