Grand Rapids Homes under $500,000

Grand Rapids Homes under $500,000

Welcome to Grand Rapids, Michigan, a vibrant city nestled in Kent County known for its rich cultural scene, beautiful parks, and, most importantly, its exceptional school district. The Grand Rapids School District is committed to providing a high-quality education, featuring a variety of programs designed to nurture students' academic and personal growth. With dedicated teachers and a focus on community involvement, families can feel confident that their children will thrive in this supportive learning environment.

For those considering a move to this dynamic region, you’ll be delighted to know that there are numerous homes available under $500,000. Whether you're a first-time homebuyer, a growing family, or looking to downsize, Grand Rapids offers an array of options to suit your needs. From charming bungalows to modern townhomes, the real estate market here is diverse and welcoming.

Living in Grand Rapids means enjoying a blend of suburban tranquility and urban excitement. Explore local parks, enjoy the thriving arts scene, or indulge in the city’s renowned culinary delights. The community is known for its friendliness and sense of belonging, making it an ideal place to call home.

With a strong school district, affordable housing options, and an array of amenities, Grand Rapids is not just a place to live—it's a place to thrive. Discover your perfect home in this enchanting city and experience all that Grand Rapids has to offer!

Newest Grand Rapids Homes under $500,000

3023 Stonewood Street NW, Grand Rapids
$350,000
4 Beds ⋅ 2 Baths ⋅ 26053153 MLS ⋅ ACTIVE Status
Welcome to this inviting 4-bedroom, 2-full-bath ranch in a convenient Grand Rapids location! Built in 2000, this home offers a comfortable layout with cathedral ceilings, stainless steel appliances, and plenty of finished living space. The main level features an open feel with two bedrooms and a full bath, while the finished walkout lower level provides two additional bedrooms, a full bath, and a recreation room. Step outside to enjoy the fenced backyard and newly updated deck with low-maintenance vinyl decking—perfect for relaxing, entertaining, or enjoying your morning coffee. Recent updates include a new roof in 2020 and a new air conditioner in July 2026. The furnace is approximately 10 years old. Conveniently located just minutes from downtown Grand Rapids, with easy access to shopping, dining, highways, parks, and everything the area has to offer. A wonderful opportunity for anyone looking for a well-maintained ranch with a great floor plan.

3023 Stonewood Street NW, Grand Rapids
851 Kalamazoo Avenue SE, Grand Rapids
$430,000
4 Beds ⋅ 2 Baths ⋅ 26053122 MLS ⋅ ACTIVE Status
What if your next home gave you the space, character, and flexibility you have been searching for, all close to downtown Grand Rapids? Welcome to 851 Kalamazoo Avenue SE, offering 2,280 finished square feet, 4 bedrooms, 1.5 bathrooms, and a finished basement. Hardwood floors bring warmth throughout the main living areas and bedrooms, while large windows create a bright, open feel. The kitchen features white cabinetry, generous counter space, stainless steel appliances that stay with the home, and an easy flow into the dining area. One bedroom on the main level adds flexibility for work, guests, or personal space, while three additional bedrooms upstairs provide room to spread out. The full bathroom features tile accents and a spacious vanity, and the finished basement adds even more usable space for media, hobbies, creative work, or recreation. Outside, the covered front porch adds classic charm, while the fenced rear yard and paved area create extra space to enjoy. Close to downtown Grand Rapids, this home offers a strong mix of space, comfort, and everyday convenience. Come see it in person and schedule your private showing today.

851 Kalamazoo Avenue SE, Grand Rapids
935 Kentwood Drive NE Unit 939, Grand Rapids
$375,000
2 Baths ⋅ 26053116 MLS ⋅ ACTIVE Status
Well Maintained NE Duplex features 2 bedrooms 1 bath units. Each unit has a garage stall and storage in the basement. The 935 unit has had a kitchen remodel in the last 3 years. Newer furnaces, water heaters and roof. The 939 side is occupied with long term tenant. This unit can be viewed if serious interest with 24 hours notice. The 935 unit is vacant and easy to show.

935 Kentwood Drive NE Unit 939, Grand Rapids
856 Diamond Avenue NE, Grand Rapids
$299,900
3 Beds ⋅ 1 Baths ⋅ 26053112 MLS ⋅ ACTIVE Status

856 Diamond Avenue NE, Grand Rapids
1242 Alexander Street SE, Grand Rapids
$345,000
4 Beds ⋅ 2 Baths ⋅ 26053104 MLS ⋅ ACTIVE Status
Welcome to 1242 Alexander St SE! Fully remodeled and directly across from Martin Luther King Jr. Park, this four-bedroom, 1.5-bath home blends classic character with fresh finishes and an exceptional layout. Refinished hardwood floors bring warmth and charm to the interior, while new carpet and vinyl flooring in the kitchen complement the extensive updates throughout. The remodeled kitchen features granite countertops and a refreshed design ready for everyday meals and entertaining. Updated bathrooms, new mechanicals, and freshly painted exterior surfaces make this home as appealing outside as it is inside. The spacious, functional layout offers comfortable gathering spaces and flexibility to make each room your own. An unfinished attic offers exciting potential for future additional living space, subject to applicable approvals, while the two-stall garage provides convenient parking and extra storage. Enjoy a desirable southeast Grand Rapids setting with the park just across the St. With extensive renovations, four bedrooms, garage space, and room to expand, this home offers a wonderful combination of character, comfort, and opportunity. Schedule your showing today!

1242 Alexander Street SE, Grand Rapids
1340 Knapp Street NE, Grand Rapids
$265,000
3 Beds ⋅ 1 Baths ⋅ 26053084 MLS ⋅ ACTIVE Status
Meticulously maintained ranch home on the Northeast side of Grand Rapids close to popular amenities like Knapps corner and downtown. Updated throughout over the past 3-5 years, this home displays craftsmanship and thoughtful design at every turn. The classic ranch layout with a large living area open to the kitchen and clustered bedrooms warmly welcomes its guests, while the detached two stall garage provides ample room for the vehicles, as well as additional storage. Come see it for yourself and make this home yours today. Seller has directed listing agent to hold all offers until 10/12/26 at 11:00 AM.

1340 Knapp Street NE, Grand Rapids
1101 Baxter Street SE, Grand Rapids
$229,900
3 Beds ⋅ 2 Baths ⋅ 26053027 MLS ⋅ ACTIVE Status
Come check out this wonderful 3 bedroom, 2 bath home on the SE side of GR. This home as been extensively remodeled with newer stainless appliances, quartz counter tops, fresh flooring. Newer windows, roof, paint. This home has character galore and is ready for a new owner. 1 stall garage, cute little back yard perfect for those summer nights. Schedule your showing soon before someone else makes it their own.

1101 Baxter Street SE, Grand Rapids
511 Emerald Avenue NE, Grand Rapids
$405,000
2 Baths ⋅ 26052992 MLS ⋅ ACTIVE Status
511 Emerald is a real Gem! Just two blocks north of Michigan St. NE. Walking distance to a variety of restaurants and hospitals, this up and down duplex has been extensively updated. Ribbon Driveway off street parking for one. Large Deck off sliders in back yard. Downstairs Apartment is larger with additional dining area and slider to deck. Access to basement is accessed from outside. Laundry area is in basement and traditionally has been used by only Apartment 1-first floor tenant. First time on the market in 26 years. This two story duplex is ready to take over ownership and find your renters. In the last year, new kitchens with new stove and dishwashers in each apartment. furnaces and heat runs. Additional blown in insulation.

511 Emerald Avenue NE, Grand Rapids
1573 E Terrace Street NE, Grand Rapids
$425,000
3 Beds ⋅ 2 Baths ⋅ 26052981 MLS ⋅ ACTIVE Status
This home is a unique opportunity in desirable Fulton Heights, set at the end of a quiet, short cul-de-sac with an incredible neighborhood community. Fully renovated and built for ultimate comfort, energy efficiency, and low-maintenance living—highlighted by a new roof on both the house and garage. Indoor features include your own private built-in sauna to power through Michigan winters, paired with high-quality air filtration, a reverse osmosis water system, fresh paint, new floors, main-floor laundry, an upgraded kitchen, and a bright 4-season porch. The fully finished basement adds an expansive second living room, office, and playroom, along with an egress window that creates an easy opportunity for a future additional bedroom—all completely waterproofed and tested for total peace of mind, featuring an interior perimeter drain that flows directly to a sump pump alongside an integrated radon exhaust system. Outdoors, enjoy low-maintenance native gardens and a two-stall detached garage equipped with an updated garage door and additional covered side garage space. Walkable to local amenities and close to downtown Grand Rapids, this property is a true unicorn—schedule your tour today!

1573 E Terrace Street NE, Grand Rapids
812 Kalamazoo Avenue SE, Grand Rapids
$240,000
3 Beds ⋅ 1 Baths ⋅ 26052903 MLS ⋅ ACTIVE Status
*Sales price to be within $218k-240k depending on buyer's income* Welcome to 812 Kalamazoo! This brand new home is currently under construction and anticipated to be completed in just a few weeks. Enjoy 3 bedrooms, 1 baths, brand new appliances, all-electric heating/cooling, E-Star compliant, zero-step entry, & open design. Important notes: Buyer's total income must be at or below 80% area median income per current HUD guidelines and occupy the home as their primary residence; please see income guidelines chart. Seller is nonprofit; listed annual property tax is with nonprofit exemption. Buyer(s) to review all additional docs regarding Habitat Kent sales program & affordability deed restriction. Please note that the interior photos are from a home with the same floor plan. Final finishes will vary.

812 Kalamazoo Avenue SE, Grand Rapids
956 Hovey Street SW, Grand Rapids
$275,500
2 Baths ⋅ 26052856 MLS ⋅ ACTIVE Status
INVESTORS—THIS ONE IS READY TO GO! This fully rented Grand Rapids duplex offers immediate income with both units currently occupied and a City of Grand Rapids Rental Certificate valid through December 2030. But the opportunity may not stop there! The property previously had a detached garage and is zoned TN-LDR, creating an exciting opportunity to explore the potential for a future garage with an Accessory Dwelling Unit (ADU) or other permitted configuration. Two existing rental units today with the possibility of exploring additional living or rental space tomorrow! Any future ADU, garage, additional dwelling, or development is not guaranteed and is subject to City of Grand Rapids and other required approvals. Buyer and buyer's agent to verify all information, zoning, permitted uses, requirements, and approvals and complete their own due diligence regarding any intended future use. Conveniently located near downtown Grand Rapids, shopping, restaurants, and area amenities. Whether Both units are currently tenant occupied with a combined monthly rental income of $2,470. Unit 1: $1,150/month with lease in place through October 2027. Unit 2: $1,320/month with lease in place through May 1, 2027.

956 Hovey Street SW, Grand Rapids
1002 Butterworth Street SW, Grand Rapids
$249,900
3 Beds ⋅ 1 Baths ⋅ 26052798 MLS ⋅ ACTIVE Status
Welcome to 1002 Butterworth St SW! This 3-bed, 1-bath home has been fully remodeled and is move-in ready. Living here will have you feeling like your Pinterest feed came to life! The layout is perfect for gathering with family and friends, and the design of the remodel emphasizes warmth and practicality. In the Kitchen, everything is new from the cabinets to the appliances! The Bathroom features a new vanity and tub enclosure. Upstairs has new carpet in the Bedrooms, and a ton of windows to keep things light. Don't miss the driveway on the left side of the house, and the large backyard. Schedule your showing today! There is currently no offer deadline.

1002 Butterworth Street SW, Grand Rapids
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