Similar to other places in this area, it is substantially less expensive compared to the US as a whole. Compared to the city of Grand Rapids, it's close to average.
Home prices
The cost of the median home in Grand Ledge is $142,400. In comparison to its surrounding areas this is roughly $4,160 (3%) higher.In comparison to the rest of the nation it is about $75,100 (34%) lower, and is is very similar in comparison to the city of Grand Rapids.
Rents
Grand Ledge's median rent is $797 a month. Compared to other places in this area it is roughly $79 (8%) lower.It is roughly $265 (24%) lower compared to the entire nation, and in comparison to the city of Grand Rapids it is approximately $128 (13%) lower.
Nearby places
Eagle
Eagle is approximately 4 miles northwest from Grand Ledge. The real estate prices there are a lot less expensive. Eagle's median home value is $104,500, which works out to $37,900 (36%) lower than Grand Ledge. Rents there are somewhat more expensive. Eagle's median monthly rent is $1,125, which comes out to $328 (29%) higher than Grand Ledge.
Waverly
Waverly is approximately 4 miles east from Grand Ledge. Real estate prices there are a bit more expensive. Waverly's median home value is $164,100, which comes out to $21,700 (13%) higher than Grand Ledge. Rents there are somewhat more expensive. Waverly's median monthly rent is $919, which comes out to $122 (13%) higher than Grand Ledge.
Wacousta
Wacousta is roughly 4 miles northeast from Grand Ledge. Its housing prices are somewhat more expensive. The median home cost in Wacousta is $192,500, which works out to $50,100 (26%) higher than Grand Ledge. Rents there are somewhat more expensive. In Wacousta the median rent is $910 a month, which comes out to $113 (12%) higher than Grand Ledge.
Mulliken
Mulliken is about 6 miles west of Grand Ledge. The housing prices there are a little less expensive. The median home value in Mulliken is $113,000, which is $29,400 (26%) lower than Grand Ledge. The rent there is fairly similar. Mulliken's median rent is $775 per month, which works out to $22 (2%) lower than Grand Ledge.
Edgemont Park
Edgemont Park is approximately 6 miles east of Grand Ledge. Housing prices there are a little less expensive. The median home in Edgemont Park is valued at $117,100, which is $25,300 (21%) lower than Grand Ledge. Its rents are a little less expensive. The median monthly rent in Edgemont Park is $650, which works out to $147 (22%) lower than Grand Ledge.
