Economic Development and Real Estate

Grand Rapids ranks among 'most-affordable' markets in US

March 14, 2014
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Sable Homes builds out foreclosed development
Sable Homes’ model home for its Stone Crest development in Courtland Township. Courtesy Sable Homes

Forbes says the Grand Rapids market is one of the most affordable in the nation.

The Grand Rapids market ranks seventh in the ranking “America’s Most Affordable Cities 2014” by Forbes, which was posted yesterday at Yahoo! Homes.

The 20-city ranking is dominated by Midwest cities, but also includes six cities from the South and three from the Northeast.

To compile the ranking, Forbes started with the 100 largest metropolitan markets with populations of 600,000 or more.

Forbes says it then examined both housing affordability and cost of living in its analysis.

“America’s Most-Affordable Cities”

1.   Buffalo, N.Y.
2.   Memphis, Tenn.
3.   Cincinnati
4.   Dayton, Ohio
5.   Knoxville, Tenn.
6.   Akron, Ohio
7.   Grand Rapids
8.   Louisville, Ky.
9.   Oklahoma City
10. Warren

Source: Forbes, 2014

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