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Household income gains in Grand Rapids metropolitan area begin to outpace apartment rent growth

Cooling demand expected to dampen rental performance in 2026
CoStar Analytics
October 17, 2025 | 6:08 P.M.

CoStar’s Base Case forecast shows rent growth in Michigan's Grand Rapids metropolitan area slowing to 1.9% by the end of the fourth quarter — marking the first time it’s dipped below 2% since mid-2012.

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News | Household income gains in Grand Rapids metropolitan area begin to outpace apartment rent growth