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Grand River

Learn about the people, housing, costs and businesses in Grand River, Ohio

Median Home$196,200
Median Rent$952/month
Population446
Leading IndustriesRetail · Arts, Food & Hospitality25% retail
Home Value Growth+3.1% over 2 years
Retirees28% of residentswell above average
Homeowners78% of occupied units
NotableTransit95/100 · excellent transit access
NotableVeteran Community15% of residents · top 2% nationally
Grand River
OH

Frequently Asked Questions

What are today's mortgage rates in Grand River?

As of today, the 30-year fixed mortgage rate for Grand River is approximately 7.159% (7.206% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

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What is the median home price in Grand River?

The median home value in Grand River is $196k. The median monthly rent is $952. Annual property taxes average $3k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Grand River?

Home values in Grand River have increased 3.1% over the past two years. This represents moderate growth. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Grand River?

Based on a typical all-in ownership cost of $1,094/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $47k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Grand River is $74k/year.

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What industries drive the economy in Grand River?

The largest employment sectors in Grand River are retail (25%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.