Home Insurance in Grand Rapids, Michigan
Homes in Grand Rapids carry a median value of $244,500 - 16% lower than the Kent County median.
The typical home in Grand Rapids was built around 1953. Older homes can cost more to insure or rebuild because of aging wiring, roofing and plumbing. About 59% of homes were built before 1960, about 27 points above Kent County's 33%.
The housing stock in Grand Rapids is 62% single-family homes and 22% apartments in buildings with 5+ units. The rest are 2-4 unit or other housing types.
In Grand Rapids, about 66% of owner-occupied homes have a mortgage - lenders require hazard insurance on every mortgaged home.
The vacancy rate is 6%; vacant or unoccupied homes typically need a different coverage form than an owner-occupied policy. About 54% of occupied homes in Grand Rapids are owner-occupied.
In Grand Rapids, 83% of homes are primarily heated with natural gas.
Kent County had 967 active NFIP flood policies as of September 2026. Its top FEMA-rated hazard is strong wind (Very High). See the full Kent County home insurance overview for all FEMA hazard ratings and flood coverage details.
The statewide average premium for a standard HO-3 homeowners policy in Michigan is $1,110 per year, according to the NAIC homeowners insurance report (2023 data).
Key figures
| Median home value | $244,500 |
|---|---|
| Median year built | 1953 |
| Owner-occupied share | 54% |
| Share of owner-occupied homes with a mortgage | 66% |
| Top county hazard | Strong Wind (Very High) |
| Active NFIP policies in Kent County | 967 |
| Home insurance premium | $1,110 - statewide average (NAIC, 2023 data) |
Nearby towns
Sources
Data last updated: 2026-09-29
- U.S. Census Bureau Gazetteer Files (2024)
- U.S. Census Bureau, American Community Survey 2020-2024 5-Year Estimates (2024)
- FEMA National Risk Index (December 2025)
- FEMA OpenFEMA NFIP Redacted Policies v3 (2026)
- NAIC Dwelling Fire, Homeowners Owner-Occupied, and Homeowners Tenant and Condominium/Cooperative Unit Owners Insurance: Data for 2023 (published 2026) (2023)