www.zillow.com/research/

APRIL2019 Grand Rapids Metro

National Home Values

Current: $226,800Monthly Change: -0.1%Quarterly Change: 0.4%Annual Change: 6.1%Negative Equity*: 8.2%

Grand Rapids Home Values

Current: $194,100Monthly Change: 0.4%Quarterly Change: 1.8%Annual Change: 8.5%Negative Equity*: 4.2%

Home Values Forecast

(next 12 months)

National: 2.8%Grand Rapids Metro: 4.9%

Major Cities - Home Values

Grand RapidsCurrent: $161,900Monthly Change: 0.3%Annual Change: 11.6%

HollandCurrent: $197,400Monthly Change: 0.1%Annual Change: 7.5%

WyomingCurrent: $149,800Monthly Change: 0.5%Annual Change: 10.7%

KentwoodCurrent: $187,600Monthly Change: 0.8%Annual Change: 9%

HudsonvilleCurrent: $236,200Monthly Change: 0.3%Annual Change: 6.1%

Esri, HERE, DeLorme, MapmyIndia, © OpenStreetMap contributors, and the GIS user community

City ZHVI Year-over-Year-0.7% 0.5% - 4.8% 4.9% - 8.0% 8.1% - 10.7% 10.8% - 15.4% 15.5% - 22.2%

Home Values (ZHVI)Increasing Values: 81%Decreasing Values: 14.4%Fall From Peak: 0%Peak ZHVI Date: 2019-04Peak ZHVI: $194,100

RentZillow Rent Index: $1,370Monthly Change: 0.1%Annual Change: 2.1%

Rent List Price: $1,400Rent List/Sq. Ft.: $1.1

SalesMedian Sale Price: $–Monthly Change: –%Annual Change: –%

Sale Price/Sq. Ft.: $–Sale-to-list Price Ratio: –Sold for a Loss/Gain: –%/–%

ListingsMedian List Price: $261,900Monthly Change: 0%Annual Change: 4.8%

List Price/Sq. Ft.: $153Listings with Price Cut: 13.4%Amount of Price Cut: 3%

ForeclosuresHomes Foreclosed: –/10, 000Monthly Change: –Annual Change: –

Foreclosure Resales: –%Monthly Change: –ppAnnual Change: –pp

How do we track home values? Totrack home values, we use the ZillowHome Value Index (ZHVI). The ZHVI isthe mid-point of estimated home valuesfor the area. Half the estimated homevalues are above this number and halfare below.

* Negative equity data is from 2018Q2.

APRIL2019

*The top 20 largest cities and top 10 (or all) counties within the metro are listed. Additional counties, cities, neighborhoods and ZIP codes may be

available online at www.zillow.com/research/data by emailing press@zillow.com

Zillow Research:Zillow R© is the leading real estate and rental marketplace dedicated to empowering consumers with data, inspiration and knowledge around the placethey call home, and connecting them with the best local professionals who can help. In addition, Zillow operates an industry-leading economics andanalytics bureau led by Zillow’s Chief Economist Dr. Svenja Gudell. Dr. Gudell and her team of economists and data analysts produce extensive housingdata and research covering more than 450 markets at Zillow Real Estate Research. Zillow also sponsors the quarterly Zillow Home Price ExpectationsSurvey, which asks more than 100 leading economists, real estate experts and investment and market strategists to predict the path of the Zillow HomeValue Index over the next five years. Zillow also sponsors the bi-annual Zillow Housing Confidence Index (ZHCI) which measures consumer confidence inlocal housing markets, both currently and over time. Launched in 2006, Zillow is owned and operated by Zillow Group (NASDAQ: Z), andheadquartered in Seattle.

www.zillow.com/research/

Largest Cities Covered by Zillow

Hom

eValues-ZHVI($)

ZHVIMoM

(%)

ZHVIQoQ

(%)

ZHVIYoY

(%)

ZHVIPeak($)

PeakMon

th

Change

from

Peak(%

)

Rents-ZRI($)

ZRIMoM

(%)

ZRIQoQ

(%)

ZRIYoY

(%)

ForecastYoY

(%)

NegativeEquity(%

)

Allendale 222,500 0.3 0.7 3.6 1,415 0.5 -0.5 1.1 1.6 1.4Byron Center 262,300 -0.1 1.5 7.5 1,546 0.1 2.3 2.7 3.6 1.6Cascade 338,700 0.2 1 4.6 1.7 3.5Cedar Springs 179,500 0.7 1.9 9.9 1,365 0.4 1.3 5.2 5.8 6.4Gaines 245,900 0.4 1.9 7.5 1,465 0.9 2 1.5 4.1 2.7Grand Haven 226,900 0.1 1 14.2 1,376 0.1 0.1 2 7.2 2.8Grand Rapids 161,900 0.3 1.9 11.6 1,296 0.3 0.9 5.6 5.8 3.8Grand Rapids 294,300 0 1.1 5.7 1,633 1.1 2.1 -1.3 2.7Grandville 216,100 0.2 1.7 11.7 1,479 0 1.4 1 6.1 1.9Greenville 130,700 -0.5 -0.5 7.2 1,082 -0.4 -0.6 6.1 3.1 9.2Holland 197,400 0.1 1.3 7.5 1,328 -0.4 -0.7 0.4 4.3 3.2Hudsonville 236,200 0.3 0.4 6.1 1,425 0.6 -0.3 -1.1 2.3 1.6Jenison 200,700 -0.1 1.1 8.8 1,406 0.5 0.1 1.1 4.2 1.9Kentwood 187,600 0.8 2.3 9 1,289 0.2 0.8 4.3 5.5 2.5Lowell 222,900 0.6 0.3 3.5 1,460 0.1 0.5 0.8 0.8 3.4Northview 197,500 0.6 2.5 11.6 1,399 0.6 1.7 3.9 7.2 3.1Rockford 259,700 0.1 1.4 2.4 1,557 0.7 1.5 -3.1 1.7 2.5Walker 202,000 0.6 2.1 8.7 1,501 0.1 1.1 -2.2 5.1 2.2Wyoming 149,800 0.5 1.7 10.7 1,360 -0.6 0.2 1.4 5.7 2.8Zeeland 219,500 0.4 1.7 10.6 1,391 0.1 -0.8 -0.4 5.4 1.8

Largest Counties Covered by Zillow

Hom

eValues-ZHVI($)

ZHVIMoM

(%)

ZHVIQoQ

(%)

ZHVIYoY

(%)

ZHVIPeak($)

PeakMon

th

Change

from

Peak(%

)

Rents-ZRI($)

ZRIMoM

(%)

ZRIQoQ

(%)

ZRIYoY

(%)

ForecastYoY

(%)

NegativeEquity(%

)Barry County 159,400 -1.3 -1.4 6.4 1,227 -0.1 -0.2 3.3 1.6Kent County 194,900 0.6 2.3 8 1,411 0.3 1.3 2 4.9Montcalm County 100,300 -0.9 -1.9 10.3 948 -0.1 -0.3 5 3.2Ottawa County 215,000 0.2 1.4 9.6 1,384 0.1 -0.4 1.2 5.1