When looking around the new condo developments in downtown Grand Rapids, it's noticeable that amenities like gyms, rooftop lounges, and guest parking have become increasingly common. Within the same city, the presence of these amenities and the level of maintenance fees can vary significantly depending on whether you are in the downtown area or the outskirts. If you are considering condos, there are a few things to check in order: the types of amenities, what is included in the maintenance fees, and how much you will actually use those amenities.

The median home price in Grand Rapids is $334,950, which has increased by 6.33 percent over the past year (Houzeo, 2026). However, if you look only within the city limits, the median price is around $304,000, and when expanded to Kent County as a whole, it rises to $335,000. This indicates that even within the same city, the perceived price range can differ based on the neighborhood.

When broken down by type, condos are around $316,200, while single-family homes are about $341,075, showing that the gap between these two types is not significantly larger than in other cities (Zillow, 2026). Given this level of difference, it is hard to argue that condos offer a clear price advantage over single-family homes; rather, the benefits of lower maintenance fees and not having to worry about upkeep play a more significant role in lifestyle choices.

Recently, the median listing price for new construction properties is $336,267, averaging about $280 per square foot (as of June 2026). Near downtown, townhome projects like 540 New and 440 Pleasant are under construction, aiming for completion in early 2026, with some offering financing assistance programs for buyers. The increasing share of townhomes in the new construction market is also evident in Grand Rapids.

The second item to check is the school district. Areas where Korean families tend to gather are often in the outskirts, such as East Grand Rapids or Forest Hills, which have a good reputation for schools, rather than in the downtown area. While you can refer to ratings from GreatSchools or Niche, keep in mind that school district boundaries change frequently, so it's best to verify the assigned school for the address you are considering.

The third aspect is the structure of maintenance fees. Since the condo association is responsible for the building's exterior, roof, elevators, and common facilities, the fixed monthly costs tend to be higher than for single-family homes. In contrast, single-family homes may have no HOA or a low level of fees, but when significant expenses arise, such as for the roof or boiler, the entire cost falls on the homeowner.

For families moving from out of state, it's important to keep in mind that Michigan's property tax assessment methods may differ from those in their previous residence. The exact tax rates vary by county and school district, so it's worth checking with the title company or county website before closing.

Investors looking for rental income may find that condos can often be started with relatively low initial costs, but some complexes have rental restrictions, so it's essential to check before purchasing. While Grand Rapids' market has steadily risen in recent years, it cannot be assumed that prices will continue to rise, and it's important to monitor interest rate trends and supply levels as well.

Nationally, there is a trend of increasing shares of townhomes in new housing supply (according to NAHB construction statistics), and the new townhome projects in Grand Rapids can be seen as part of this larger trend. However, single-family homes and condos still dominate the market, with townhomes slowly expanding their presence as an option.

• Single-family homes: about $341,075, with yards and independent space, low HOA burden
• Condos: about $316,200, relatively high maintenance fees, diverse amenities
• Townhomes: supply expanding mainly in new constructions, with new market prices around $336,267

In summary, since the price difference between condos and single-family homes in Grand Rapids is not significant, choosing based on amenities and lifestyle seems to be a realistic approach, while townhomes are gradually increasing as an option in the new construction market. This article does not constitute investment or legal advice, and it is advisable to consult with a professional before making any actual contracts.