Grand Rapids, MI, stands out as a location where younger generations have significantly increased their housing wealth over the last decade.
Gen Z and millennial homeowners in the area have seen their housing wealth grow by an impressive 241.60%, according the 2025 Realtor.com® Generational Wealth report. This growth is signfigant, as it comes at a time when the path to homeownership has become incredibly challenging.
The median age for first-time homebuyers rose from 30 in 1990 to 40 in 2025, largely because home prices have increased nearly twice as fast as incomes. Saving for a down payment now takes almost 10 years, compared to just 3 years previously…